Locked In and Locked Out: The Impact of Urban Land Use Policy and Market Forces on African Americans

Overview

African Americans have suffered intensely at the hands of America's dominant group, but the roles played by urban planning, land use policy, and the free market are not well known. Presenting a new conceptual approach, this book considers their locking effect on African Americans, showing, for instance, that one-acre zoning and similar policies in upscale neighborhoods lock African Americans out while market mechanisms in decaying neighborhoods lock them in. Arguing that the locking effect leads to the ...

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Overview

African Americans have suffered intensely at the hands of America's dominant group, but the roles played by urban planning, land use policy, and the free market are not well known. Presenting a new conceptual approach, this book considers their locking effect on African Americans, showing, for instance, that one-acre zoning and similar policies in upscale neighborhoods lock African Americans out while market mechanisms in decaying neighborhoods lock them in. Arguing that the locking effect leads to the disenfranchisement of African Americans, Bobo shows how wealth is channeled to the dominant group and African Americans' life choices are denuded, creating a volatile situation.

Although classical economic theory holds that a free market allocates scarce resources in the best interest of society, in reality market mechanisms do not work to the advantage of African Americans. Nor does public regulation of land use operate in their interest, although public policy is presumed to produce equitable and favorable outcomes for all members of society. This book explores how a combination of government regulation of land use and free market forces have created the locking effect, which has cultivated and sustained a process of disenfranchisement of African Americans.

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Product Details

  • ISBN-13: 9780275967543
  • Publisher: ABC-CLIO, Incorporated
  • Publication date: 9/30/2001
  • Pages: 168
  • Product dimensions: 6.14 (w) x 9.21 (h) x 0.44 (d)

Meet the Author

BENJAMIN F. BOBO is Professor of Finance in the College of Business Administration at Loyola Marymount University in Los Angeles.

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Table of Contents

Preface
Acknowledgements
Perspective
1 Introduction: The Road to Conflict 1
2 Market Zoning: The Free Market and the Locking Effect 13
3 Public Zoning: Exacerbating the Locking Effect 23
4 Lot Size and the Locking Effect: Empirical Evidence 37
5 Lender Apathy: De Facto Land Use Control 43
6 Rent Control: Between a Rock and a Hard Place 49
7 By-Products of Land Use Control: The Long Arm of the Locking Effect 63
8 Financial Implications of the Locking Effect 69
9 Disenfranchised and Grieving: The Precipitating Event 97
10 Epilogue 123
Bibliography 129
Index 145
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