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Capital City

Gentrification and the Real Estate State

Samuel Stein

$19.99

Paperback

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English
Verso Books
06 May 2019
Series: Jacobin
Around the world, more and more money is being invested in real estate, the business of building, buying and renting land and property. You can sense it as you walk through most cities, and you can feel it every time you pay the rent or mortgage.

The price of land becomes a central economic determinate and a dominant political issue. The clunky term “gentrification” becomes a household word and displacement an everyday fact of life. Government, particularly at the municipal scale, becomes more and more obsessed with raising property values and redistributing wealth upward through land and rents. Donald Trump becomes first a celebrity and ultimately a president. Taken together, we witness the rise of the real estate state, a political formation in which real estate capital has inordinate power over the shape of our cities, the parameters of our politics, and ultimately the lives we lead. Capital City describes when, how and why real estate came to rule, and what urban planners – the people who have their hands on the levers of housing policy – can do under these circumstances.

By:  
Imprint:   Verso Books
Country of Publication:   United Kingdom
Dimensions:   Height: 198mm,  Width: 129mm,  Spine: 16mm
Weight:   236g
ISBN:   9781786636393
ISBN 10:   1786636395
Series:   Jacobin
Pages:   208
Publication Date:  
Audience:   General/trade ,  ELT Advanced
Format:   Paperback
Publisher's Status:   Active

Samuel Stein is a lifelong resident of New York City, a PhD student in geography at the CUNY Graduate Center, and a Urban Studies Instructor at Hunter College.

Reviews for Capital City: Gentrification and the Real Estate State

"Stein's lucid explanation for how we got to where we're at shines urgent light on the origins and development of what he incisively calls ""the Real Estate State."" Capital City places gentrification in a structurally extensive and intensive urban geography of dispossession. All who struggle for the right to the city should read this book, and realize afresh how capitalism saving capitalism from capitalism must provoke our political imagination. -- Ruth Wilson Gilmore, author of <i>Golden Gulag</i> Capital City casts a cold and brilliant light on the underlying political dynamics of global cities and rightly concludes that real estate and finance are in charge. This sobering book has to be part of our toolkit as we try to find the moorings for a powerful democratic pushback in local political struggles. -- Frances Fox Piven, co-author of <i>Poor People’s Movements</i> Want to know why the rent's so high? Samuel Stein meticulously documents and analyzes the rise of the rip-off ""real estate state,"" the instruments of its power, the invidious ""plansplaining"" arguments of its defenders, and, above all, its accelerating ethnic and class cleansing of American cities, gentrification-frenzied New York in the van. With the sleaziest of real estate developers now the rent-subsidized tenant of the White House bent on engorging his crony kin and kith by doubling down on the corrupt system of ""geobribe"" giveaways, backroom deals, and public theft that underwrites their ravages, this superbly succinct and incisive book couldn't be more timely or urgent. -- Michael Sorkin, author of <i>All Over the Map</i> Samuel Stein has written a book for those tired of merely describing gentrification and displacement, who are looking for explanations as well as new programs for action to do more. Capital City is a place that puts it all together, the theory and the practices of urban transformation, with a timely and urgent appeal. This is a lively user's guide to thechanging landscape of the American city. -- Peter Marcuse, co-author of <i>In Defense of Housing</i> [Capital City] alternates a panoptic view with one that looks more closely, from the ground up, at what reckless development does to lives and livelihoods...Explicit in Stein's narrative is the idea that a different, more democratic kind of planning might lead us to more democratic kinds of cities. -- Nikil Saval * The New Yorker * Samuel Stein's Capital City: Gentrification and the Real Estate State is a radical view into the heart of the processes [urban planners] oversee -- Andrea Gibbons * New Labor Forum * Capital City deserves attention from urban historians for its nuanced analysis of neoliberal urban policy and specific measures that generate inequality and may be also used in service of justice. This book will be a useful tool for a broad swath of people seeking a greater understanding of the urgency of this political moment which grows with every demolition. -- Amanda Boston * The Metropole * Vital and devastating ... [Capital City is] unabashed in its advocacy of a more equitable distribution of land and housing. ... A powerful companion to studies of the global rise of informal cities such as Mike Davis' Planet of Slums, the racist history of housing in Richard Rothstein's The Color of Law, [and] the horrid effects of losing one's home in Matthew Desmond's Evicted. -- Joshua Barnett * New York Labor History Association *"


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