“…Yet, as numerous scholars have reiterated, rent gap theory was never conceived as a predictive explanation for gentrification in all its manifestations (Clark, 1988; Slater, 2017; Smith, 1987). Indeed, recent work has focused more on how rent gaps can be generated from relatively stable or even rising rent levels and how potential values can be maximised through housing financialisation (Aalbers, 2019; Christophers, 2022; Risager, 2022), platform capitalism and digital technologies (Fields, 2019; Wachsmuth and Weisler, 2018), the repeal of rent controls (Fields and Uffer, 2016; Krijnen, 2018; Teresa, 2019) or the use of debt-led shared equity schemes in newbuild ‘affordable’ housing (Kallin, 2020). The devalorisation–revalorisation relationship, then, is not always pivotal to rent gap creation and closure.…”