What Has Happened to the Bottom of the US Housing Market?
Housing quality has improved dramatically for most low-income households, but they are paying much larger shares of their income for it. Many discussions of the bottom of the market focus on either the rising costs (the 'bad' news) or the rising quality (the 'good' news). Both points of view have so...
| Publicado en: | Urban Studies (Routledge) Vol. 33; no. 10; pp. 1807 - 1821 |
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| Autores principales: | , |
| Formato: | Artículo |
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Taylor & Francis Ltd
Dec96
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=hlh&AN=9701216129&site=ehost-live header: @attributes: shortDbName: hlh uiTerm: 9701216129 longDbName: Humanities International Complete uiTag: AN controlInfo: bkinfo: jinfo: jid: 00420980 UST jtl: Urban Studies (Routledge) issn: 00420980 maglogo: Y pubinfo: dt: Dec96 vid: 33 iid: 10 pid: 377 pub: Taylor & Francis Ltd artinfo: ui: 9701216129 10.1080/0042098966385 ppf: 1807 ppct: 14 formats: fmt: – @attributes: type: T – @attributes: type: P size: 272KB tig: atl: What Has Happened to the Bottom of the US Housing Market? aug: au: Malpezzi, Stephen Green, Richard K. su: Housing United States sug: subj: United States Housing keyword: VACANCY RATES ab: Housing quality has improved dramatically for most low-income households, but they are paying much larger shares of their income for it. Many discussions of the bottom of the market focus on either the rising costs (the 'bad' news) or the rising quality (the 'good' news). Both points of view have some merit. This paper takes a positivist approach to the question: what's happening to the bottom of the housing market. We use a variety of indicators to look at whether the supply of low-cost units has fallen. We then focus on whether this dwindling supply reflects a market failure. If the market for low-income housing is indeed failing, we would observe: relatively high prices per unit of housing services provided by low-quality housing; obstructions to the supply of low-cost housing, which arises largely from filtering; and high vacancy rates. We find evidence of market failure in some markets but not in others. Finally, we focus on one possible source of market failure-excessive regulation-to see whether it is a common thread across those markets that have difficulty producing low-cost housing. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: Y custom: Copyright of Urban Studies (Routledge) is the property of Taylor & Francis Ltd and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. item: Urban Studies (Routledge) holder: Taylor & Francis Ltd dt: @attributes: year: 1996 holdings: @attributes: islocal: N |
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