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Capital City: Gentrification and the Real Estate State

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The cost of living in a city has skyrocketed. While wages have flatlined for most working-class people, rents have reached new highs, leaving most people struggling. And this, despite the economic costs of the pandemic. A one-bedroom apartment in San Francisco is over $3,200 a month. But it’s not just in the US. The rising cost of living is affected the entire world. But why does the cost of housing continue to spiral upward? Samuel Stein’s new book, Capital City and the Real Estate State highlights the growing influence of investment capital into land as the driving force behind gentrification and the power developers have over city and local governments.  We talk to Samuel about the rise of the global real estate market and we talk about how radical city planning, rent control and socialized land projects can help fight gentrification.

Image Credit: Alliance for Californians for Community Empowerment Action

Image Caption: Elizabeth Hernandez and other tenants protest rent hike

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Featuring:

  • Guadalupe Morales, Tenant in San Pablo California and Organizer with Alliance of Californians for Community Empowerment
  • Samuel Stein, Author of Capital City, Gentrification and the Real Estate State
  • Elizabeth Hernandez, Tenant in South Central Los Angeles and Organizer with Alliance of Californian’s for Community Empowerment

Credits:

The Making Contact Team

  • Host: Salima Hamirani
  • Interim Executive Director: Jessica Partnow
  • Staff Producers: Anita Johnson, Monica Lopez, Salima Hamirani

   

Music Credits:

  • Bio Unit – Steppe
  • Bio Unit – Subterranean
  • Blear Moon – Further Discovery
  • Jonny Ripper – San Soucis
  • Bio Unit – Industrial Zone
  • Jim Hall – Wonderlust
  • Crowander – Opening Lines

Author: Radio Project

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