Found 22 article(s) for author 'Housing'

Should We All Be Living in Cities?

Should We All Be Living in Cities? Edward Glaeser, September 30, 2019, Audio, “Cities are an integral part of Earth’s future: by 2050, 68 percent of the world’s population will be living in an urban area. Solutions to social problems, from climate change to poverty, will therefore be tied to the fates of cities. In this episode, Glimp professor of economics Edward Glaeser explains why he is overwhelmingly optimistic about urban growth. Cities, he says, are engines of innovation and economic activity that create opportunity. “Humans,” he explains, “are a social species that gets smart by being around other smart people.” When they do, their impact on the planet’s climate is lessened in surprising ways—and in surprising places across the United States.Link

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Urban migration and housing during resource booms: The case of Sekondi-Takoradi, Ghana

Urban migration and housing during resource booms: The case of Sekondi-Takoradi, Ghana. Michael Hooper, September 30, 2019, Paper, “This paper investigates the relationship between urban migration and housing in the context of an emergent oil boom in Sekondi-Takoradi, Ghana. The paper responds to the relative lack of research on resource boom-driven urbanization, particularly in Africa, and on the way in which urban migration shapes, and is shaped by, housing conditions. The paper analyzes the relationship between housing conditions and urban migrants’ choice of residential locations. Drawing on both qualitative and quantitative analysis of data from 322 surveys in two neighborhoods of Sekondi-Takoradi, the paper draws three primary conclusions. First, migrants’ choices regarding where they live are premised on neighborhood housing conditions. Second, most migrants are urban-urban migrants which means that the predominant theories of urban growth are poorly equipped to address the urban transformation occurring in Sekondi-Takoradi. Finally, migrants’ housing choices have considerable urban form implications, promoting in different contexts both urban densification and urban sprawl. The paper concludes by discussing the implications of these findings in the Ghanaian and wider African contexts.Link

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Access To The American Dream Isn’t Just Determined By Income. Geography Matters

Access To The American Dream Isn’t Just Determined By Income. Geography Matters. Raj Chetty, September 27, 2019, Audio, “Research shows that America’s claim of social mobility is a myth, according to Harvard Economics Professor Raj Chetty, who told Boston Public Radio Friday that children in America are half as likely to climb out of poverty than they are in Canada. Chetty is the William A. Ackman Professor of Economics at Harvard and director of the Opportunity Insights program, where his team has determined that geography is crucial in determining social mobility. And this geography is specific, Chetty’s research shows — sometimes even correlated to a person’s neighborhood or block.Link

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The Macroeconomic Implications of Housing Supply Restrictions

The Macroeconomic Implications of Housing Supply Restrictions. Edward Glaeser, June 15, 2019, Paper, “Housing supply restrictions, including historic preservation policies, minimum lot sizes and height limitations, are typically approached with static Pigouvian tools, but these policies also have dynamic implications. Restricted supply will typically make quantities, which determine construction employment, less volatile, and prices, which determine financial stability, more volatile. A prominent exception occurs when supply-unconstrained areas build so much during a boom that construction halts during the bust, and in that case, elastic supply can be associated with both price volatility and a limited ability to use credit instruments to boost employment during a bust. As institutions with counter-cyclical missions grapple with housing policies, they must recognize that housing regulation interacts with monetary policy, and that reforming housing policy may have implications for the business cycle.Link

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What Exactly Is Affordable Housing?

What Exactly Is Affordable Housing? Chris Herbert, June 3, 2019, Audio, “Affordable housing: While just two words, the concept isn’t really as simple as it might sound. Despite the complexity of the issue, we so often hear the term “affordable housing” thrown around by everyone from politicians to activists to the press, as if it were a single, monolithic thing. But there are different types of affordable housing, said Chris Herbert, managing director of Harvard’s Joint Center for Housing Studies, leftover from years of housing policies.Link

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Do the Poor Pay More for Housing? Exploitation, Profit, and Risk in Rental Markets

Do the Poor Pay More for Housing? Exploitation, Profit, and Risk in Rental Markets. Matthew Desmond, 2019, Paper, “This article examines tenant exploitation and landlord profit margins within residential rental markets. Defining exploitation as being overcharged relative to the market value of a property, the authors find exploitation of tenants to be highest in poor neighborhoods. Landlords in poor neighborhoods also extract higher profits from housing units. Property values and tax burdens are considerably lower in depressed residential areas, but rents are not. Because landlords operating in poor communities face more risks, they hedge their position by raising rents on all tenants, carrying the weight of social structure into price. Since losses are rare, landlords typically realize the surplus risk charge as higher profits. Promoting a relational approach to the analysis of inequality, this study demonstrates how the market strategies of landlords contribute to high rent burdens in low-income neighborhoods.Link

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Labor shortages and high cost of materials depress homebuilding, industry says

Labor shortages and high cost of materials depress homebuilding, industry says. Chris Herbert, July 18, 2018, Audio, “Data out today from the Department of Commerce gives us our latest indication that the housing market may be slowing. Housing starts, a statistic that charts when construction begins on the foundation of a new building intended primarily for residential use, declined in June from the month before. Residential building permits also dropped last month.Link


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The State of the Nation’s Housing 2018

The State of the Nation’s Housing 2018. Harvard Joint Center for Housing Studies, June 28, 2018, Paper, “As we mark the 30th anniversary of the State of the Nation’s Housing series, this year’s report presents an opportunity to reflect on how housing market conditions in the United States have evolved over the decades. In addition to our usual look at current trends, the analysis examines how some of today’s conditions echo the past and are a yardstick for the progress we as a nation have and have not made in fulfilling the promise of a decent, affordable home for all.Link

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Heavy Is the House: Rent Burden among the American Urban Poor

Heavy Is the House: Rent Burden among the American Urban Poor. Matthew Desmond, January 2018, Paper, “During the past decade, the incomes of poor Americans have fallen or flat-lined, housing costs have soared and public policy has failed to bridge the gap. As a result, the majority of poor renting families in America now devote at least half of their income to covering housing costs, and eviction has become a common yet consequential event in their lives. While housing is central to the lives of the urban poor, it remains marginal to the sociology of American inequality. This essay begins by charting the growing rent burden among low-income households, and then draws on the unique contributions of Pierre Bourdieu to the study of the home to sketch an agenda for analyzing the roots and implications of the loss of affordable urban housing, a prerequisite for offering policy prescriptions.Link

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