Overcoming Spatial Mismatch in Buying a Home

780 Words3 Pages
As any good realtor will say, there are three main important factors to remember when buying or renting a piece of property: “location, location, location”. Oftentimes, the location of ones home will have some of the biggest impacts on their lives. Since we live in a capitalist society where work is key to survival, location has a major affect on work. The importance of location can become a problem when work and the rest of one’s life become separate. Before the industrial revolution, work and the house were intertwined with both activities taking place in the same location. However, after the industrial revolution, work was moved outside the home and into the factory. Though our current society is not structured around factories, the physical location of the workplace remains separated from the home. This can lead to conflicts between where someone lives, sometimes without much of a choice, and the work available. The crux of this is the Spatial Mismatch theory which is the idea that the economic restructuring that has taken place in the past decades has lead to the loss of work opportunities for low-income and minority workers due to work being moved away from where they live. Economic restructuring such as deindustrialization has moved many jobs away from the city and urban setting and into the suburbs where low-income and minority workers may not have an opportunity to live. In addition to the movement of jobs, the importance of transportation, both private and public,
Show More
Related

  • Merger and Acquisition: Current Issues

    115629 Words  | 463 Pages

    the only reason for making an acquisition is, as Shleifer and Vishny (2003) put it, “the undervaluation of the target” (that is, relative to target fundamental values). Dong et al. (2006) argue that, under the market timing theory, bidders profit by buying undervalued targets for cash at a price below its fundamental value. But if managers are acting in the shareholders’ interests, it is also possible that the bidders may choose to pay cash when they know that their shares are undervalued (Myers and

    Read More

  • Contemporary Issues in Management Accounting

    211377 Words  | 846 Pages

    the connection between the spatial and temporal reordering of the plant (achieved by the institution of semi-autonomous production cells) and ideals of advanced manufacturing (encompassing Xexibility, quality, and cost management, for example) with the governmentality of economic life, expressed in the form of debates about ‘New Economic Citizenship’ (see p. 17). Miller and O’Leary argue that costs were made visible in this production environment by the Xow and spatial arrangement of the production

    Read More

More about Overcoming Spatial Mismatch in Buying a Home

Open Document