Hot Property

Hot Property

Author: Rob Nijskens

Publisher: Springer

Published: 2019-06-14

Total Pages: 220

ISBN-13: 3030116743

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This open access book discusses booming housing markets in cities around the globe, and the resulting challenges for policymakers and central banks. Cities are booming everywhere, leading to a growing demand for urban housing. In many cities this demand is out-pacing supply, which causes house prices to soar and increases the pressure on rental markets. These developments are posing major challenges for policymakers, central banks and other authorities responsible for ensuring financial stability, and economic well-being in general.This volume collects views from high-level policymakers and researchers, providing essential insights into these challenges, their impact on society, the economy and financial stability, and possible policy responses. The respective chapters address issues such as the popularity of cities, the question of a credit-fueled housing bubble, the role of housing supply frictions and potential policy solutions. Given its scope, the book offers a revealing read and valuable guide for everyone involved in practical policymaking for housing markets, mortgage credit and financial stability.


Book Synopsis Hot Property by : Rob Nijskens

Download or read book Hot Property written by Rob Nijskens and published by Springer. This book was released on 2019-06-14 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book discusses booming housing markets in cities around the globe, and the resulting challenges for policymakers and central banks. Cities are booming everywhere, leading to a growing demand for urban housing. In many cities this demand is out-pacing supply, which causes house prices to soar and increases the pressure on rental markets. These developments are posing major challenges for policymakers, central banks and other authorities responsible for ensuring financial stability, and economic well-being in general.This volume collects views from high-level policymakers and researchers, providing essential insights into these challenges, their impact on society, the economy and financial stability, and possible policy responses. The respective chapters address issues such as the popularity of cities, the question of a credit-fueled housing bubble, the role of housing supply frictions and potential policy solutions. Given its scope, the book offers a revealing read and valuable guide for everyone involved in practical policymaking for housing markets, mortgage credit and financial stability.

The Affordable City

The Affordable City

Author: Shane Phillips

Publisher: Island Press

Published: 2020-09-15

Total Pages: 282

ISBN-13: 1642831336

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From Los Angeles to Boston and Chicago to Miami, US cities are struggling to address the twin crises of high housing costs and household instability. Debates over the appropriate course of action have been defined by two poles: building more housing or enacting stronger tenant protections. These options are often treated as mutually exclusive, with support for one implying opposition to the other. Shane Phillips believes that effectively tackling the housing crisis requires that cities support both tenant protections and housing abundance. He offers readers more than 50 policy recommendations, beginning with a set of principles and general recommendations that should apply to all housing policy. The remaining recommendations are organized by what he calls the Three S’s of Supply, Stability, and Subsidy. Phillips makes a moral and economic case for why each is essential and recommendations for making them work together. There is no single solution to the housing crisis—it will require a comprehensive approach backed by strong, diverse coalitions. The Affordable City is an essential tool for professionals and advocates working to improve affordability and increase community resilience through local action.


Book Synopsis The Affordable City by : Shane Phillips

Download or read book The Affordable City written by Shane Phillips and published by Island Press. This book was released on 2020-09-15 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: From Los Angeles to Boston and Chicago to Miami, US cities are struggling to address the twin crises of high housing costs and household instability. Debates over the appropriate course of action have been defined by two poles: building more housing or enacting stronger tenant protections. These options are often treated as mutually exclusive, with support for one implying opposition to the other. Shane Phillips believes that effectively tackling the housing crisis requires that cities support both tenant protections and housing abundance. He offers readers more than 50 policy recommendations, beginning with a set of principles and general recommendations that should apply to all housing policy. The remaining recommendations are organized by what he calls the Three S’s of Supply, Stability, and Subsidy. Phillips makes a moral and economic case for why each is essential and recommendations for making them work together. There is no single solution to the housing crisis—it will require a comprehensive approach backed by strong, diverse coalitions. The Affordable City is an essential tool for professionals and advocates working to improve affordability and increase community resilience through local action.

The Dream Revisited

The Dream Revisited

Author: Ingrid Ellen

Publisher: Columbia University Press

Published: 2019-01-15

Total Pages: 643

ISBN-13: 0231545045

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A half century after the Fair Housing Act, despite ongoing transformations of the geography of privilege and poverty, residential segregation by race and income continues to shape urban and suburban neighborhoods in the United States. Why do people live where they do? What explains segregation’s persistence? And why is addressing segregation so complicated? The Dream Revisited brings together a range of expert viewpoints on the causes and consequences of the nation’s separate and unequal living patterns. Leading scholars and practitioners, including civil rights advocates, affordable housing developers, elected officials, and fair housing lawyers, discuss the nature of and policy responses to residential segregation. Essays scrutinize the factors that sustain segregation, including persistent barriers to mobility and complex neighborhood preferences, and its consequences from health to home finance and from policing to politics. They debate how actively and in what ways the government should intervene in housing markets to foster integration. The book features timely analyses of issues such as school integration, mixed income housing, and responses to gentrification from a diversity of viewpoints. A probing examination of a deeply rooted problem, The Dream Revisited offers pressing insights into the changing face of urban inequality.


Book Synopsis The Dream Revisited by : Ingrid Ellen

Download or read book The Dream Revisited written by Ingrid Ellen and published by Columbia University Press. This book was released on 2019-01-15 with total page 643 pages. Available in PDF, EPUB and Kindle. Book excerpt: A half century after the Fair Housing Act, despite ongoing transformations of the geography of privilege and poverty, residential segregation by race and income continues to shape urban and suburban neighborhoods in the United States. Why do people live where they do? What explains segregation’s persistence? And why is addressing segregation so complicated? The Dream Revisited brings together a range of expert viewpoints on the causes and consequences of the nation’s separate and unequal living patterns. Leading scholars and practitioners, including civil rights advocates, affordable housing developers, elected officials, and fair housing lawyers, discuss the nature of and policy responses to residential segregation. Essays scrutinize the factors that sustain segregation, including persistent barriers to mobility and complex neighborhood preferences, and its consequences from health to home finance and from policing to politics. They debate how actively and in what ways the government should intervene in housing markets to foster integration. The book features timely analyses of issues such as school integration, mixed income housing, and responses to gentrification from a diversity of viewpoints. A probing examination of a deeply rooted problem, The Dream Revisited offers pressing insights into the changing face of urban inequality.

Homelessness Is a Housing Problem

Homelessness Is a Housing Problem

Author: Gregg Colburn

Publisher: Univ of California Press

Published: 2022-03-15

Total Pages: 283

ISBN-13: 0520383796

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Using rich and detailed data, this groundbreaking book explains why homelessness has become a crisis in America and reveals the structural conditions that underlie it. In Homelessness Is a Housing Problem, Gregg Colburn and Clayton Page Aldern seek to explain the substantial regional variation in rates of homelessness in cities across the United States. In a departure from many analytical approaches, Colburn and Aldern shift their focus from the individual experiencing homelessness to the metropolitan area. Using accessible statistical analysis, they test a range of conventional beliefs about what drives the prevalence of homelessness in a given city—including mental illness, drug use, poverty, weather, generosity of public assistance, and low-income mobility—and find that none explain the regional variation observed across the country. Instead, housing market conditions, such as the cost and availability of rental housing, offer a far more convincing account. With rigor and clarity, Homelessness Is a Housing Problem explores U.S. cities' diverse experiences with housing precarity and offers policy solutions for unique regional contexts.


Book Synopsis Homelessness Is a Housing Problem by : Gregg Colburn

Download or read book Homelessness Is a Housing Problem written by Gregg Colburn and published by Univ of California Press. This book was released on 2022-03-15 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using rich and detailed data, this groundbreaking book explains why homelessness has become a crisis in America and reveals the structural conditions that underlie it. In Homelessness Is a Housing Problem, Gregg Colburn and Clayton Page Aldern seek to explain the substantial regional variation in rates of homelessness in cities across the United States. In a departure from many analytical approaches, Colburn and Aldern shift their focus from the individual experiencing homelessness to the metropolitan area. Using accessible statistical analysis, they test a range of conventional beliefs about what drives the prevalence of homelessness in a given city—including mental illness, drug use, poverty, weather, generosity of public assistance, and low-income mobility—and find that none explain the regional variation observed across the country. Instead, housing market conditions, such as the cost and availability of rental housing, offer a far more convincing account. With rigor and clarity, Homelessness Is a Housing Problem explores U.S. cities' diverse experiences with housing precarity and offers policy solutions for unique regional contexts.

The Supply of Rented Housing

The Supply of Rented Housing

Author: Great Britain. Parliament. House of Commons. Communities and Local Government Committee

Publisher: The Stationery Office

Published: 2008

Total Pages: 132

ISBN-13: 9780215520531

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Rented housing accounts for some 30 per cent of Britain's housing stock. The supply of rented housing is a crucial element of the programme of action necessary to achieve the aim of a decent home, at a price people can afford, within a sustainable community. More supply of rented housing is needed: 50,000 social rented homes need to be completed each year to meet new demand and tackle the backlog. Further significant increases in supply in the private rented sector will require large institutional investors to be attracted back to the sector. Tax and regulatory reform are the levers which will encourage such investment. Meanwhile, there are improvements to be made to the existing stock in both the private and the social rented sectors which will both improve supply and improve the experience of the tenants. The efficiencies which have been brought to the refurbishment and construction of social rented homes by the growth of housing associations, the ring-fencing of local authority landlord accounts and the introduction of ALMOs now need to be applied to the management of the existing social rented stock. Better regulation is the imperative in the private rented sector. Good foundations exist to introduce a system of accreditation devised by trade bodies and enforced by local authorities, with the ultimate oversight of the new regulator of social housing, Oftenant. The Government now needs to build on those foundations, and to add to them further financial and regulatory incentives to private landlords to manage and maintain their stock effectively. The Committee calls for the creation of mixed communities to pervade all spatial and housing policy, and for local authorities to be given the freedom, support and resources necessary to pursue this aim.


Book Synopsis The Supply of Rented Housing by : Great Britain. Parliament. House of Commons. Communities and Local Government Committee

Download or read book The Supply of Rented Housing written by Great Britain. Parliament. House of Commons. Communities and Local Government Committee and published by The Stationery Office. This book was released on 2008 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rented housing accounts for some 30 per cent of Britain's housing stock. The supply of rented housing is a crucial element of the programme of action necessary to achieve the aim of a decent home, at a price people can afford, within a sustainable community. More supply of rented housing is needed: 50,000 social rented homes need to be completed each year to meet new demand and tackle the backlog. Further significant increases in supply in the private rented sector will require large institutional investors to be attracted back to the sector. Tax and regulatory reform are the levers which will encourage such investment. Meanwhile, there are improvements to be made to the existing stock in both the private and the social rented sectors which will both improve supply and improve the experience of the tenants. The efficiencies which have been brought to the refurbishment and construction of social rented homes by the growth of housing associations, the ring-fencing of local authority landlord accounts and the introduction of ALMOs now need to be applied to the management of the existing social rented stock. Better regulation is the imperative in the private rented sector. Good foundations exist to introduce a system of accreditation devised by trade bodies and enforced by local authorities, with the ultimate oversight of the new regulator of social housing, Oftenant. The Government now needs to build on those foundations, and to add to them further financial and regulatory incentives to private landlords to manage and maintain their stock effectively. The Committee calls for the creation of mixed communities to pervade all spatial and housing policy, and for local authorities to be given the freedom, support and resources necessary to pursue this aim.

Through the Roof

Through the Roof

Author: Ingrid Gould Ellen

Publisher:

Published: 2021-03-15

Total Pages: 52

ISBN-13: 9781558444072

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This report shows what local governments can do to mitigate the rising cost of rental housing. It considers the root causes of high rent burdens, reviews evidence about the consequences, and lays out a framework that cities, towns, and counties can use to help provide all their citizens with safe, decent, affordable housing options.


Book Synopsis Through the Roof by : Ingrid Gould Ellen

Download or read book Through the Roof written by Ingrid Gould Ellen and published by . This book was released on 2021-03-15 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report shows what local governments can do to mitigate the rising cost of rental housing. It considers the root causes of high rent burdens, reviews evidence about the consequences, and lays out a framework that cities, towns, and counties can use to help provide all their citizens with safe, decent, affordable housing options.

Price Elasticities of Housing Supply

Price Elasticities of Housing Supply

Author: C. Peter Rydell

Publisher:

Published: 1982

Total Pages: 84

ISBN-13:

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Analyzes the price elasticity of the supply of rental housing services, defined as the percentage increase in supply associated with a one percent increase in price. The purpose of the report is to predict the price changes associated with supply responses to shifts in demand. Section II analyzes each component of supply response separately. It presents price elasticities for the repair, inventory, and occupancy responses to demand shifts. It reviews the literature on all three and offers new estimates for the second and third (the estimates are based on the analysis of Annual Housing Survey data from the U.S. Census Bureau reported in Appendix B). Section III combines the three individual supply elasticities into a composite elasticity. It accomplishes the integration using a model of housing-market responses to demand shifts presented in Appendix C. The model was built during the Housing Assistance Supply Experiment to explain the housing market's response to demand shifts caused by an experimental housing allowance program.


Book Synopsis Price Elasticities of Housing Supply by : C. Peter Rydell

Download or read book Price Elasticities of Housing Supply written by C. Peter Rydell and published by . This book was released on 1982 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyzes the price elasticity of the supply of rental housing services, defined as the percentage increase in supply associated with a one percent increase in price. The purpose of the report is to predict the price changes associated with supply responses to shifts in demand. Section II analyzes each component of supply response separately. It presents price elasticities for the repair, inventory, and occupancy responses to demand shifts. It reviews the literature on all three and offers new estimates for the second and third (the estimates are based on the analysis of Annual Housing Survey data from the U.S. Census Bureau reported in Appendix B). Section III combines the three individual supply elasticities into a composite elasticity. It accomplishes the integration using a model of housing-market responses to demand shifts presented in Appendix C. The model was built during the Housing Assistance Supply Experiment to explain the housing market's response to demand shifts caused by an experimental housing allowance program.

Rental Housing

Rental Housing

Author: Ira Gary Peppercorn

Publisher: World Bank Publications

Published: 2013-03-20

Total Pages: 178

ISBN-13: 0821396552

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The discussion of where people live and how people pay for their housing has undergone a significant shift. Until the mortgage crisis erupted in 2008, the housing policy of most nations focused on increasing home ownership. There had been very little discussion about rental housing, less about social housing, and virtually none about public housing. The mortgage crisis showed the challenges inherent in pushing for home ownership for all. With homes going into foreclosure and with credit tightening in many countries, the need for rental housing increased dramatically. However, most countries are only beginning to consider supporting rental housing as a shelter option. This book is an effort to bring rental housing to the forefront of the housing agenda and to provide general guidance to policy makers. The information it provides can assist key players in housing markets--government officials, private rental property owners, financiers, and nongovernmental organizations--in including rental housing as a critical housing option and in having an informed discussion on how best to stimulate this sector.


Book Synopsis Rental Housing by : Ira Gary Peppercorn

Download or read book Rental Housing written by Ira Gary Peppercorn and published by World Bank Publications. This book was released on 2013-03-20 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: The discussion of where people live and how people pay for their housing has undergone a significant shift. Until the mortgage crisis erupted in 2008, the housing policy of most nations focused on increasing home ownership. There had been very little discussion about rental housing, less about social housing, and virtually none about public housing. The mortgage crisis showed the challenges inherent in pushing for home ownership for all. With homes going into foreclosure and with credit tightening in many countries, the need for rental housing increased dramatically. However, most countries are only beginning to consider supporting rental housing as a shelter option. This book is an effort to bring rental housing to the forefront of the housing agenda and to provide general guidance to policy makers. The information it provides can assist key players in housing markets--government officials, private rental property owners, financiers, and nongovernmental organizations--in including rental housing as a critical housing option and in having an informed discussion on how best to stimulate this sector.

Why Can't You Afford a Home?

Why Can't You Afford a Home?

Author: Josh Ryan-Collins

Publisher: John Wiley & Sons

Published: 2018-11-26

Total Pages: 140

ISBN-13: 1509523294

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Throughout the Western world, a whole generation is being priced out of the housing market. For millions of people, particularly millennials, the basic goal of acquiring decent, affordable accommodation is a distant dream. Leading economist Josh Ryan-Collins argues that to understand this crisis, we must examine a crucial paradox at the heart of modern capitalism. The interaction of private home ownership and a lightly regulated commercial banking system leads to a feedback cycle. Unlimited credit and money flows into an inherently finite supply of property, which causes rising house prices, declining home ownership, rising inequality and debt, stagnant growth and financial instability. Radical reforms are needed to break the cycle. This engaging and topical book will be essential reading for anyone who wants to understand why they can’t find an affordable home, and what we can do about it.


Book Synopsis Why Can't You Afford a Home? by : Josh Ryan-Collins

Download or read book Why Can't You Afford a Home? written by Josh Ryan-Collins and published by John Wiley & Sons. This book was released on 2018-11-26 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: Throughout the Western world, a whole generation is being priced out of the housing market. For millions of people, particularly millennials, the basic goal of acquiring decent, affordable accommodation is a distant dream. Leading economist Josh Ryan-Collins argues that to understand this crisis, we must examine a crucial paradox at the heart of modern capitalism. The interaction of private home ownership and a lightly regulated commercial banking system leads to a feedback cycle. Unlimited credit and money flows into an inherently finite supply of property, which causes rising house prices, declining home ownership, rising inequality and debt, stagnant growth and financial instability. Radical reforms are needed to break the cycle. This engaging and topical book will be essential reading for anyone who wants to understand why they can’t find an affordable home, and what we can do about it.

The Supply of Rented Housing

The Supply of Rented Housing

Author: Great Britain. Parliament. House of Commons. Communities and Local Government Committee

Publisher:

Published: 2006

Total Pages: 197

ISBN-13:

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Book Synopsis The Supply of Rented Housing by : Great Britain. Parliament. House of Commons. Communities and Local Government Committee

Download or read book The Supply of Rented Housing written by Great Britain. Parliament. House of Commons. Communities and Local Government Committee and published by . This book was released on 2006 with total page 197 pages. Available in PDF, EPUB and Kindle. Book excerpt: