Slum Real Estate: The Low-Quality High-Price Puzzle in Nairobi's Slum Rental Market and Its Implications for Theory and Practice
This study of 1,755 households in Nairobi's slums challenges the conventional belief that slums offer low-quality, low-cost shelter to a population that cannot afford better standards. In Nairobi, slums provide low-quality but high-cost shelter. Although slum residents pay millions of dollars in rents annually, and better quality units command higher rents, very little is being re-invested to upgrade quality. To resolve the challenge that the Nairobi puzzle poses for theory and practice, we develop a new analytical framework for understanding quality of living conditions. Improving conditions in Nairobi's slums requires, we argue, two simultaneous interventions: alteration of the tenure mix to enhance owner occupancy and infrastructure investment.
| Main Authors: | , |
|---|---|
| Format: | Journal Article biblioteca |
| Language: | EN |
| Published: |
2008
|
| Subjects: | National Government Expenditures and Related Policies: Infrastructures, Other Public Investment and Capital Stock H540, Economic Development: Human Resources, Human Development, Income Distribution, Migration O150, Economic Development: Regional, Urban, and Rural Analyses, Transportation O180, Urban, Rural, and Regional Economics: Regional Migration, Regional Labor Markets, Population, Neighborhood Characteristics R230, Housing Supply and Markets R310, Public Facility Location Analysis, Public Investment and Capital Stock R530, |
| Online Access: | http://hdl.handle.net/10986/5807 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|