“People pay what the landlord demands, not because the housing unit is worth it, but because the property is held to have idiosyncratic locational benefits. Access to resources like friends, jobs, and schools is so important that residents (as continuous consumer-buyers) are willing to resort to all sorts of ‘extramarket’ mechanisms to fight for their right to keep locational relations intact” (19).
-Logan and Molotch in Urban Fortunes, 1987
-Logan and Molotch in Urban Fortunes, 1987
“But there is one force that helps explain why most [rust belt residents] stay – cheap, durable housing. Any area’s population is linked closely to the number of homes in that area, and homes don’t disappear overnight” (63).
-Glaeser in Triumph of the City, 2011
-Glaeser in Triumph of the City, 2011
