Fights Against Anti-Semites Helped Shape Urban Landscape
By Jenna Weissman Joselit for The Jewish Daily Forward
In
the two cities I call home, New York and D.C., real estate is the stuff
of enduring conversation. Discussing who lives where and in what kind
of habitat — condo, co-op, private home or rental apartment — never
seems to grow stale. Nearly as compelling a topic, or so it seems to me,
is the number of American Jews who are, or whose families have been, in
the real estate business.
From coast to coast, the roster of
extremely well-heeled American Jews is abundantly stocked with those who
owe their good fortune to property ownership: There are the Smiths in
D.C., the Swigs in San Francisco, and the Chanins, Levitts and Roths in
New York — among many, many others.
What makes this phenomenon
more interesting still is that you don’t have to be a g’vir, a big shot,
to earn a decent living from the real estate business. Many American
Jews at the grass roots, including a hefty quotient of Hasidic Jews,
variously own, manage and develop property. The recent and untimely
demise of the Brooklyn real estate developer Menachem Stark laid bare
any number of things about the Hasidic world that he inhabited. But the
most salient, and relevant, finding revealed the large number of Hasidim
who figure in this economic arena.
Much like the diamond
industry, which is fueled by interpersonal relationships, family ties
and a code of behavior that places a premium on trust, Hasidim have been
similarly drawn to real estate. A prime example of the ethnic economy
at work, it is also a study in what my colleague, Barry Chiswick, chair
of the economics department at the George Washington University, calls
“complementarity between business life and personal life.”
The
workaday demands of the real estate business do not conflict with or
subvert the community’s internal religious rhythms; they are comfortably
accommodated instead.
But then, history, too — American history,
that is — has a lot to do with the configuration of this particular
facet of the ethnic economy. Years ago, many immigrant Jews and their
children took to real estate speculation or, as the American Hebrew more
lyrically put it in 1927, the “romance of realty.” Some real estate men
developed New York’s garment center. Other real estate-niks, or
“masters of the metropolis,” as another article described them, put up
the grand apartment house buildings that grace the Upper West Side of
Manhattan while still others transformed Brooklyn and the Bronx.
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