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Analysis On The 's ' Supply Side ' Rent Gap ' By Geographer Chris Hamnett

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This paper published by geographer Chris Hamnett traces the popularity of research into gentrification and examines the competing theories of its origin and dynamics, namely the geographer David Ley’s humanist and demand-side theory and Neil Smith’s supply-side “rent-gap” theory. Hamnett argues that both theories provide an incomplete picture of this complex process, and thus a cohesive explanation of gentrification must incorporate ideas from both. This is argued through the critiquing the two differing viewpoints: through examining their potential flaws and by citing real world data from studies of other scholars, including Clark (1988). Additionally, Hamnett also draws from theorists such as Mullins (1982) to further his critique of …show more content…

His second argument is that both Ley’s and Smith’s theory are important and valid to some extent but provides an incomplete picture of the complex process of gentrification. He argues that either theory were unable to explain why or how gentrification occurs despite identifying the demographics of gentrifies and some conditions of when and where it may occur. This leads to his final argument: that a cohesive explanation of gentrification must be one that integrates ideas from both theories, accounting for both when and where gentrification occurs and for the source and consumption patterns of the gentrifiers.
Hamnett critiques the two main theories to sustain his arguments through three main methods: by comparing and contrasting the two theories, by examining their potential flaws, and by citing real world data and studies from other scholars. By comparing and contrasting the two theories, the author shows the limitation of scope for both theories. For example, by juxtaposing Smith’s dismissal of the individualism of the gentrifers, arguing that their preference towards downtown residences are the result of a “collective social preference” created by real estate developers and the mortgage industry, with Ley’s identification that gentrifiers tend to be young and single white-collared workers employed in the service industry who are interested in the Arts and cultural

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