Rental Housing Affordability Dynamics, 1990-2009
Rental Housing Affordability Dynamics, 1990-2009

Author: Rob Collinson

Publisher:

Published: 2015

Total Pages: 0

ISBN-13:

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Housing is the single largest expense for most American families. For one-third of American households, this expense is not a monthly mortgage payment to a lender, but rather a monthly rent payment to a landlord. Rental housing is the typical tenure choice for the young, the elderly, the disabled, people in highly mobile professional sectors, and low-wage working families, it is also likely to be an important alternative - at least in the short term - for many of the millions of families uprooted by the foreclosure crisis. In light of the potential increased role of rental housing as a tenure option, this article attempts to (1) describe key facts and trends in the affordability of rental housing for low- and moderate-income renters from 1990 through the recession of the late 2000s and (2) examine early evidence on the effects of the recession and foreclosure crisis on rental housing affordability. Although Harvard University's Joint Center for Housing Studies (JCHS) and the U.S. Department of Housing and Urban Development's Office of Policy Development and Research (HUD PD&R) have made important empirical contributions to the understanding of rental housing affordability trends during the past two decades, few studies have analyzed both national level and metropolitan level rental housing affordability dynamics.1 This article is intended to provide a data-rich update on rental housing market dynamics at both the national and metropolitan levels, drawing on a variety of data sources to provide a more nuanced picture of housing trends and needs. The content is organized as follows: the first section, Renter Income Trends, analyzes trends in renter incomes at the national and metropolitan levels since 1990; the second section, Rent Trends, describes rent trends from 1990 through 2009; and the third section, Affordable Rental Housing Stock Trends, examines trends in rental housing affordability, as measured by rent burdens and affordable supply gap.

Affordable Rental Housing: Making It Part of Europe’s Recovery
Affordable Rental Housing: Making It Part of Europe’s Recovery

Author: Khalid ElFayoumi

Publisher: International Monetary Fund

Published: 2021-05-24

Total Pages: 97

ISBN-13: 151357020X

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Many European economies have faced pressure from rental housing affordability that has widened social and economic divergence. While significant country and regional differences exist, this departmental paper finds that in many advanced European economies a large and rising share of low-income renters, the young, and those living in cities is overburdened. In several locations, middle-income groups also increasingly face rental affordability issues.

U.S. Rental Housing Characteristics
U.S. Rental Housing Characteristics

Author: Rob Collinson

Publisher:

Published: 2015

Total Pages: 0

ISBN-13:

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The aim of this working paper is to document key empirical facts on U.S. rental housing market conditions - reporting both current conditions (as of second quarter 2009) as well as notable historic trends. This analysis draws upon the findings of existing scholarly work and includes original analysis utilizing a mix of public and proprietary data. This working paper is not a comprehensive assessment of U.S. rental housing market conditions; rather it focuses on describing market dynamics in the context of rental housing supply, variations across local rental housing markets, conditions in the nation's assisted rental housing stock, and the evolving need and demand for affordable rental housing.

Inequality in America
Inequality in America

Author: Robert S. Rycroft

Publisher: Bloomsbury Publishing USA

Published: 2021-06-18

Total Pages: 414

ISBN-13: 1440865159

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This authoritative reference work explores the factors driving the much-debated increase in economic inequality in U.S. society, as well as the impact that this divide is having on U.S. culture, politics, families, communities, and institutions. This reference work provides an authoritative and comprehensive resource for both students and scholars who are interested in learning more about the rich-poor divide in the United States—a divide regarded by many lawmakers, researchers, pundits, and concerned citizens as one of the nation's most serious problems. The book provides important historical background for understanding how the nation has grappled with (or ignored) this issue in the past, examines specific causes of inequality identified by observers across the political spectrum, and summarizes the potential consequences (both present and future) of economic inequality. This book examines more than 25 issues frequently cited as factors contributing to the rapidly widening gap between socioeconomic classes in the U.S., ranging from such demographic factors as race and gender to tax code provisions and differences in access to quality education and health care. The book also provides both a retrospective and prospective look at government policies aimed at addressing inequality or assisting the poor. Finally, the book looks ahead to survey the future of inequality in America.

Legacy Cities
Legacy Cities

Author: J. Rosie Tighe

Publisher: University of Pittsburgh Press

Published: 2019-06-13

Total Pages: 316

ISBN-13: 0822986884

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Legacy cities, also commonly referred to as shrinking, or post-industrial cities, are places that have experienced sustained population loss and economic contraction. In the United States, legacy cities are those that are largely within the Rust Belt that thrived during the first half of the 20th century. In the second half of the century, these cities declined in economic power and population leaving a legacy of housing stock, warehouse districts, and infrastructure that is ripe for revitalization. This volume explores not only the commonalities across legacy cities in terms of industrial heritage and population decline, but also their differences. Legacy Cities poses the questions: What are the legacies of legacy cities? How do these legacies drive contemporary urban policy, planning and decision-making? And, what are the prospects for the future of these cities? Contributors primarily focus on Cleveland, Ohio, but all Rust Belt cities are discussed.

The Psychology of Property Law
The Psychology of Property Law

Author: Stephanie M. Stern

Publisher: NYU Press

Published: 2020-02-25

Total Pages: 303

ISBN-13: 1479835684

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Considers how research in psychology offers new perspectives on property law, and suggests avenues of reform Property law governs the acquisition, use and transfer of resources. It resolves competing claims to property, provides legal rules for transactions, affords protection to property from interference by the state, and determines remedies for injury to property rights. In seeking to accomplish these goals, the law of property is concerned with human cognition and behavior. How do we allocate property, both initially and over time, and what factors determine the perceived fairness of those distributions? What social and psychological forces underlie determinations that certain uses of property are reasonable? What remedies do property owners prefer? The Psychology of Property Law explains how assumptions about human judgement, decision-making and behavior have shaped different property rules and examines to what extent these assumptions are supported by the research. Employing key findings from psychology, the book considers whether property law’s goals could be achieved more successfully with different rules. In addition, the book highlights property laws and conflicts that offer productive areas for further behaviorally-informed research. The book critically addresses several topics from property law for which psychology has a great deal to contribute. These include ownership and possession, legal protections for residential and personal property, takings of property by the state, redistribution through property law, real estate transactions, discrimination in housing and land use, and remedies for injury to property.