Toward a Theory of Gentrification

5. "It appears that the needs of production... are a more decisive initiative behind gentrification than consumer ____"
7. The exploitation of racist sentiments by real estate agents in white neighborhoods experiencing declining sale prices
8. The amount of ground rent that could be capitalized under the land's "highest and best use"
10. One of two conventional explanations for gentrification that revolves around the cost of housing, commuting, etc.
11. According to Lowery, "an eminently reasonable response of a landlord to a declining market"
14. Represents not only the value of the house, but also the value of the land
15. The logical, "rational" outcome of the operation of the land and housing market in inner-city neighborhoods is capital ____
16. "The actual quantity of ground rent that is appropriated by the landowner, given the present land use"

1. "Rational" disinvestment by financial institutions which cease supplying mortgage money to the area
2. "In a capitalist economy, profit is the gauge of success and ____ is the mechanism by which success or failure is translated into growth or collapse"
3. The charge that landlords demand (via property rights) for the right to use land
4. When a neighborhood is "recycled" and begins a new cycle of use
6. The outward spread of slums from the inner city and the consequent squeezing of still healthy outer neighborhoods against secure upper middle-class residential enclaves lying further out
9. What happens when landlords can no longer collect enough rent to cover the necessary costs to maintain a property
12. Smith refers to development in one place as ____
13. "Disparity between the potential ground rent level and the actual ground rent capitalized under the present land use"
16. One of two conventional explanations for gentrification that revolves around individual self-expression