Status, quality and the other trade-off: Towards a new theory of urban residential location

The existing models of residential location are facing difficulties in expl aining new trends in urban development such as gentrification and abandonme nt. The mainstream approach which stresses the bid-rent formulations and th e access/space trade-off seems to be at variance with the current reality o f dispersal of both industry and housing in modern cities. In this paper, i t is proposed that the focus on the city centre(s) and distance(s) from it (or them) should be shifted to two other categories of parameter: housing s tatus and dwelling quality. A model of interaction between these parameters can be used not only to describe but also to predict various types of resi dential development in different urban contexts, The components of a new th eory of residential location are proposed.