The Self-Leveraging Generation: Towards a Turn in the Social Urban Regeneration Debate in Israel
It is commonly thought that the main social implication of urban regeneration is a stronger population entering a neighborhood (gentrification) and pushing out a weaker population. But in Israel, where there is a high rate of flat owners in the regeneration complexes, different social processes occur to which those concepts do not necessarily apply. Although the literature is not mistaken when it argues that the weakest classes and renters are pushed out by stronger populations, studies from recent years in Israel show how flat owners, even if they belong to the lower classes, use urban regeneration as an instrument to generate profit from the renewal of their properties and the rise of their value. Since the old apartments are the basis of urban development, they allow their owners to move up on the social ladder. This article wishes to point the way to a new understanding of the social implications of urban regeneration within these broad economic contexts, primarily the dramatic rise in property prices and stagnation of wages. Through a reflective scrutiny of the current Israeli studies, it proposes conceptualizing the present generation of urban regeneration as the “self-leveraging generation.”