Rent Adjustment Mechanism for the Multifamily Housing Market
Rent Adjustment Mechanism for the Multifamily Housing Market

Author: Lee-Young Yun

Publisher:

Published: 2003

Total Pages: 94

ISBN-13:

DOWNLOAD EBOOK

This study has analyzed the rent adjustment mechanism for the multifamily rental housing in the US during the period 1993-2003 for twenty-four US metropolitan areas. The rent adjustment model employed incorporates the principal argument of search theory that vacancy ultimately determines rent levels. Various time lags on the vacancy rate are tested for each metropolitan area in order to better understand the timing of the effect of the vacancy rate on market rents and to find the best fitting model for each metropolitan area. Two kinds of rents are analyzed : the CPI (Consumer Price Index), 'sitting tenant rent' actually paid by the tenants, and MPF (Market Product Fact), the 'asking rent' for the vacant unit. The results of this study clearly indicate that the rent adjustment models under study explain the MPF rent adjustment mechanism better than the CPI rent adjustment model. Chaning the vacancy lag does not improve the CPI rent adjustment mechanism. The results of this study suggest further studies to explore the behaviors of lessors and lessees to explain why CPI rents behaves as they do. The findings identified through this research provide a helpful basis for advancing an improved theoretical and empirical formulation that highlights the complexities of the rent adjustment process. From a practical point of view, the results can help real estate investment analysts to better model and forecast rent changes in residential real estate market.

The Rent Control Debate
The Rent Control Debate

Author: Paul L. Niebanck

Publisher:

Published: 1985

Total Pages: 164

ISBN-13:

DOWNLOAD EBOOK

The most comprehensive and authoritative treatment of the rent control issue to date, this volume addresses: the conditions that provoke interest in rent control, the outcome of implementing the policy, the instruments used for evaluating the program, and its impact of local govenrments and housing markets. The contributors describe in detail two prime examples of rent control--in New York and California--and assess rent control's value for America's political economy. Originally published in 1986. A UNC Press Enduring Edition -- UNC Press Enduring Editions use the latest in digital technology to make available again books from our distinguished backlist that were previously out of print. These editions are published unaltered from the original, and are presented in affordable paperback formats, bringing readers both historical and cultural value.

Rent Control in North America and Four European Countries
Rent Control in North America and Four European Countries

Author: William Smith

Publisher: Routledge

Published: 2020-02-18

Total Pages: 210

ISBN-13: 1000678911

DOWNLOAD EBOOK

Rent control, the governmental regulation of the level of payment and tenure rights for rental housing, occupies a small but unique niche within the broad domain of public regulation of markets. The price of housing cannot be regulated by establishing a single price for a given level of quality, as other commodities such as electricity and sugar have been regulated at various times. Rent regulation requires that a price level be established for each individual housing unit, which in turn implies a level of complexity in structure and oversight that is unequaled.Housing provides a sense of security, defines our financial and emotional well-being, and influences our self-definition. Not surprisingly, attempts to regulate its price arouse intense controversy. Residential rent control is praised as a guarantor of affordable housing, excoriated as an indefensible distortion of the market, and both admired and feared as an attempt to transform the very meaning of housing access and ownership.This book provides a thorough assessment of the evolution of rent regulation in North American cities. Contributors sketch rent control's origins, legal status, economic impacts, political dynamics, and social meaning. Case studies of rent regulation in specific North American cities from New York and Washington, DC, to Berkeley and Toronto are also presented. This is an important primer for students, advocates, and practitioners of housing policy and provides essential insights on the intersection of government and markets.

Rent Control
Rent Control

Author: William Dennis Keating

Publisher: Routledge

Published: 1998

Total Pages: 276

ISBN-13:

DOWNLOAD EBOOK

Rent control, the governmental regulation of the level of payment and tenure rights for rental housing, occupies a small but unique niche within the broad domain of public regulation of markets. The price of housing cannot be regulated by establishing a single price for a given level of quality, as other commodities such as electricity and sugar have been regulated at various times. Rent regulation requires that a price level be established for each individual housing unit, which in turn implies a level of complexity in structure and oversight that is unequaled. Housing provides a sense of security, defines our financial and emotional well-being, and influences our self-definition. Not surprisingly, attempts to regulate its price arouse intense controversy. Residential rent control is praised as a guarantor of affordable housing, excoriated as an indefensible distortion of the market, and both admired and feared as an attempt to transform the very meaning of housing access and ownership. This book provides a thorough assessment of the evolution of rent regulation in North American cities. Contributors sketch rent control's origins, legal status, economic impacts, political dynamics, and social meaning. Case studies of rent regulation in specific North American cities from New York and Washington, DC, to Berkeley and Toronto are also presented. This is an important primer for students, advocates, and practitioners of housing policy and provides essential insights on the intersection of government and markets.

Measurement of Rent Inflation
Measurement of Rent Inflation

Author: Jonathan McCarthy

Publisher: DIANE Publishing

Published: 2011

Total Pages: 41

ISBN-13: 1437929311

DOWNLOAD EBOOK

This is a print on demand edition of a hard to find publication. Rent, paid either to a landlord or to oneself as an owner-occupant, has a large weight in the CPI and in the personal consumption expenditures deflator. The authors describe how the Bureau of Labor Stat. (BLS) estimates tenant rent and owners¿ equivalent rent. They then estimate alternative inflation rates for tenant rent and owners¿ equivalent rent based on Amer. Housing Survey data, following BLS methodology as closely as possible. The authors¿ alternative tenant rent inflation series is generally consistent with the corresponding BLS series. However, their alternative owners¿ equivalent rent inflation series is consistently lower than the corresponding BLS series by an amount large enough to have a significant effect on the overall inflation rate.

Adjusted Rents
Adjusted Rents

Author: Community Service Society of New York. Committee on Housing and Urban Development

Publisher:

Published: 1940

Total Pages: 68

ISBN-13:

DOWNLOAD EBOOK