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Showing papers in "Housing Studies in 2013"


Journal ArticleDOI
TL;DR: In this article, the authors analyze the long-term sequencing of moving desires and mobility behavior within individual lives, using novel techniques to visualise the desiremobility sequences of British Household Panel Survey respondents, and demonstrate that revealing the meanings and significance of particular transitions in moving desire and mobility behaviour requires these transitions to be arranged into mobility biographies.
Abstract: The life course framework guides us towards investigating how dynamic life course careers affect residential mobility decision-making and behaviour throughout long periods of individual lifetimes. However, most longitudinal studies linking mobility decision-making to subsequent moving behaviour focus only on year-to-year transitions. This study moves beyond this snapshot approach by analysing the long-term sequencing of moving desires and mobility behaviour within individual lives. Using novel techniques to visualise the desiremobility sequences of British Household Panel Survey respondents, the study demonstrates that revealing the meanings and significance of particular transitions in moving desires and mobility behaviour requires these transitions to be arranged into mobility biographies. The results highlight the oft-neglected importance of residential stability over the life course, uncovering groups of individuals persistently unable to act in accordance with their moving desires.

122 citations


Journal ArticleDOI
TL;DR: In this article, the authors report on research into the portrayal of two social housing estates in the printed media over an extended period of time (14 years) and find that negative and mixed coverage of the estates dominated, with the amount of positive coverage being very small.
Abstract: This paper reviews work in several disciplines to distinguish between image, reputation and stigma. It also shows that there has been little research on the process by which area reputations are established and sustained through transmission processes. This paper reports on research into the portrayal of two social housing estates in the printed media over an extended period of time (14 years). It was found that negative and mixed coverage of the estates dominated, with the amount of positive coverage being very small. By examining the way in which dominant themes were used by newspapers in respect of each estate, questions are raised about the mode of operation of the press and the communities' collective right to challenge this. By identifying the way regeneration stories are covered and the nature of the content of positive stories, lessons are drawn for programmes of area transformation. The need for social regeneration activities is identified as an important ingredient for changing deprived-area rep...

99 citations


Journal ArticleDOI
TL;DR: In this article, the authors argue that the terms "forced relocation" and "displacement" are often too crude to describe what actually happens within processes of restructuring and the effects upon residents.
Abstract: Current regeneration policy has been described as ‘state-led gentrification’, with comparisons made with the ‘social disruption’ caused by slum clearance of the 1950s and 1960s. This article takes issue with this approach in relation to the study of the restructuring of social housing areas. The terms ‘forced relocation’ and ‘displacement’ are often too crude to describe what actually happens within processes of restructuring and the effects upon residents. Displacement in particular has important dimensions other than the physical one of moving. Evidence from a recent study of people who have moved out of restructured areas shows that although there is some evidence of physical displacement, there is little evidence of social or psychosocial displacement after relocation. Prior attitudes to moving and aspects of the process of relocation—the degree of choice and distance involved—are important moderators of the outcomes. Issues of time and context are insufficiently taken into consideration in studies an...

91 citations


Journal ArticleDOI
TL;DR: In the context of the discourse around shrinking cities, the aim of as mentioned in this paper was to try and better understand and differentiate the various types and causes of urban housing vacancy and to ask whether policy responses including planning policies appropriately reflect this variety.
Abstract: In the context of the discourse around shrinking cities, the aim of the paper was to try and better understand and differentiate the various types and causes of urban housing vacancy and to ask whether policy responses including planning policies appropriately reflect this variety. The paper briefly discusses the issue of shrinking cities, before considering theoretical explanations for housing vacancy and examining the relationships between population change, housing vacancy and policy responses in the Liverpool conurbation. Conclusions are then drawn about the nature of housing vacancy and the effectiveness of policy responses.

80 citations


Journal ArticleDOI
TL;DR: In this article, the authors analyzed the patterns of emergency shelter stays of single persons in three Canadian cities of different sizes (i.e., Toronto, Ottawa, and Guelph) and defined three clusters with distinct patterns of shelter stays (temporary, episodic, and long stay).
Abstract: The study analyzed the patterns of emergency shelter stays of single persons in three Canadian cities of different sizes (i.e., Toronto, Ottawa, and Guelph). Similar to findings of previous research conducted in large American cities in the early 1990s, cluster analyses defined three clusters with distinct patterns of shelter stays (temporary, episodic, and long stay). A temporary cluster (88-94 per cent) experienced a small number of homeless episodes for relatively short periods of time. An episodic cluster (3-11 per cent) experienced multiple homeless episodes also for short periods of time. A long-stay cluster (2-4 per cent) had a relatively small number of homeless episodes but for long periods of time. Despite their relatively small size, the episodic and long-stay clusters used a disproportionately large number of total shelter beds. The study extends findings from previous American research to a Canadian context and to small- and medium-size cities. Implications of the findings for program and policy development are discussed.

77 citations


Journal ArticleDOI
TL;DR: In this paper, the authors describe why the two countries chose different options, the development during the first years, and also speculate about the consequences on the longer run and the future role of the public/social housing sec...
Abstract: Both Sweden and the Netherlands had housing systems that include broad models of municipal housing (Sweden) or social housing (Netherlands). These broad models, however, came under discussion due to the competition policy of the European Commission. Financial government support – state aid – for public or social housing is considered to create false competition with commercial landlords. The countries chose different ways out of this problem. The Netherlands choose to direct state aid to a specified target group and had to introduce income limits for dwellings owned by housing associations. Sweden instead chose to change the law regulating municipal housing companies and demands that these companies should act in a ‘businesslike way’ and with that aims to create a level playing field. This paper will describe why the two countries chose different options, the development during the first years, and also speculate about the consequences on the longer run and the future role of the public/social housing sec...

74 citations


Journal ArticleDOI
TL;DR: Zhang et al. as discussed by the authors adopted a sociological theory of social capital and employed structural equation modeling to investigate the impacts of social social capital on migrants' housing experiences in Chinese cities, as well as the causal relationships between a migrant's socioeconomic status and his/her social capital profile.
Abstract: Rural–urban migration and housing for the urban poor have attracted worldwide attention from both scholars and policy makers. In China, empirical studies have revealed tremendous discrimination experienced by temporary migrants in the urban housing system, but most have emphasized constraints by formal institutions such as the hukou system. This paper adopts a sociological theory of social capital and employs structural equation modeling to investigate, simultaneously, the impacts of social capital on migrants' housing experiences in Chinese cities, as well as the causal relationships between a migrant's socioeconomic status and his/her social capital profile. Based on data from a twelve-city migrant survey conducted in 2009, statistical analysis revealed that, although migrant workers in general possess a small and truncated network of social ties in the city, those migrants who are connected to individuals with local hukou, rather than connected to more people, have higher access to formal housing and t...

69 citations


Journal ArticleDOI
TL;DR: The authors argue that a proper and fuller consideration of issues around policy, context, process and outcomes enable researchers and commentators to avoid ready characterisations and self-fulfilling investigations of restructuring which serve to present it as a singular (and somewhat suspicious or conspiratorial) phenomenon.
Abstract: This introductory paper to this special issue of Housing Studies questions whether various characteristics of the debate and research on gentrification, displacement and restructuring justify a largely negative perspective on the processes and outcomes of ‘forced’ residential relocation. We argue that a proper and fuller consideration of issues around policy, context, process and outcomes enable researchers and commentators to avoid ready characterisations and self-fulfilling investigations of restructuring which serve to present it as a singular (and somewhat suspicious or conspiratorial) phenomenon. For this purpose, we present a broad conceptual framework for restructuring and relocation studies, based on these four themes. Subsequently, we review major issues in restructuring and gentrification discourses, and briefly reflect upon some of the factors underlying the negative loading of the term displacement. We also identify caveats in the evidence base of relocation studies, both in the United States ...

60 citations


Journal ArticleDOI
TL;DR: This article used micro-data from two national panel surveys to analyze the flow of wealth from residential property onto households' balance sheets, where it is available for discretionary spending, and found that equity extraction overall is not only a function of higher incomes, greater wealth, and older age; rather it occurs across the life course and is linked to pressing spending needs.
Abstract: This paper uses micro-data from two national panel surveys to analyze the flow of wealth from residential property onto households' balance sheets, where it is available for discretionary spending. The examples are Australia and the UK—two of the world's most entrenched nations of owner occupation, both with relatively complete mortgage markets. We focus on the early 2000s, which set the scene for an unprecedented wave of housing equity withdrawal. We consider equity released through sales and through additional borrowing. The findings show that equity extraction overall is not only (or even) a function of higher incomes, greater wealth, and older age; rather it occurs across the life course and is linked to pressing spending needs. We draw attention in particular to the growing social and economic significance of in situ equity borrowing—a practice whose financial buffering effects may form a short-lived prelude, rather than a sustainable alternative, to trading on or selling up.

58 citations


Journal ArticleDOI
TL;DR: In this paper, the authors provided a qualitative analysis of the Spanish experience and put it into a comparative West European perspective, finding that the risk of repossession was found to have six dimensions: the employment situation, the social protection schemes, the structure of the housing and housing finance markets, the lending practices, the house price development and the effectiveness of policies to prevent repossession.
Abstract: After a real estate boom the housing market took a dramatic turn in Spain, where repossessions and evictions are now a big social problem. Hundreds of thousands have lost their home since 2008 and many more are at risk. This paper provides a qualitative analysis of the Spanish experience and puts it into a comparative West European perspective. The risk of repossession was found to have six dimensions: the employment situation, the social protection schemes, the structure of the housing and housing finance markets, the lending practices, the house price development and the effectiveness of policies to prevent repossession. Spain ‘scores’ badly on all six dimensions, which explain the large number of repossessions. Only recently, and under strong societal pressure, has the Spanish government developed policies to tackle this problem.

54 citations


Journal ArticleDOI
TL;DR: The authors investigated the link between housing market failure and the context of Australia's recent resource mining boom and concluded that without careful strategic planning and understanding of the economic and social role of housing, international market dynamics can create local housing situations that are vulnerable to market and social failures.
Abstract: This paper presents national data and two case studies investigating the links between housing market failure and the context of Australia's recent resource mining boom. It demonstrates how unprecedented international demand for mineral resources resulted in critical, local housing issues in mining communities. We conclude that without careful strategic planning and understanding of the economic and social role of housing, international market dynamics can create local housing situations that are vulnerable to market and social failures. While this paper highlights the challenges inherent in managing housing issues in Australia during a mining boom, there are likely to be lessons which can be applied in international settings. These challenges include the diversity in scale, cyclical and often unpredictable nature of booms; differences in housing policy and institutional arrangements across jurisdictions and the importance of leadership in growth management and planning.

Journal ArticleDOI
TL;DR: In this article, the authors examined the ways in which diverse residents conceptualise home and home making, which offers potential for policymakers to understand how residents' needs can be met, and argued that the lack of knowledge about the diverse housing needs of residents risked hampering renewal efforts.
Abstract: Following two decades of new migration, the EU is now home to the most diverse population ever. Much new migration has occurred into superdiverse escalator areas already experiencing high levels of deprivation. In the UK, housing market renewal areas (HMRA) had a particular challenge to address housing market failure and the high population turnover often associated with new migration while meeting the needs of established residents. Lack of knowledge about the diverse housing needs of residents risked hampering renewal efforts. This paper uses qualitative data collected from a superdiverse sample of settled and new residents located in the Urban Living HMRA in the West Midlands to examine the ways in which they conceptualise home. The paper argues that understanding the ways in which diverse residents conceptualise home and home making, offers potential for policymakers to understand how residents' needs can be met.

Journal ArticleDOI
TL;DR: In this paper, the authors used case studies of individual families to illustrate the variable and contingent nature of the impacts of displacement and relocation away from public housing, and found that residents' perception of relocation is strongly influenced by their overall view of neighborhood restructuring, regardless of whether they themselves directly benefit.
Abstract: The forced displacement and relocation of low-income residents resulting from public housing redevelopment has attracted a great deal of research attention. Tracking studies of HOPE VI and similar redevelopment efforts in the US have depicted a record of mixed and inconsistent benefits for the families displaced. Detailed case studies of individual families are used to illustrate the variable and contingent nature of the impacts of displacement and relocation away from public housing. The cases presented here provide examples of how the experience of displaced families can change, sometimes dramatically, over time and how this affects their own assessments of the experience. Residents' perception of relocation is strongly influenced by their overall view of neighborhood restructuring, regardless of whether they themselves directly benefit. The findings suggest that qualitative and or ethnographic research into the experiences of displaced public housing residents can be useful in understanding how relocat...

Journal ArticleDOI
TL;DR: Kath Scanlon and Ben Kochlan as discussed by the authors address the sustainability of private renting and hope to inform the public about the benefits of renting in the private renting market and their sustainability.
Abstract: Kath Scanlon & Ben Kochlan (Eds), London, LSE London 2011, 155 pp., un-priced (pbk), ISBN 978 0 8532 8466 6 This excellent book addresses the ‘sustainability’ of private renting and hopes to inform...

Journal ArticleDOI
TL;DR: In this paper, an empirical analysis of the role of house prices in determining the dynamic behaviour of consumption in South Africa using a panel vector autoregression approach to provincial level panel data covering the period of 1996-2010 is presented.
Abstract: This paper provides an empirical analysis of the role of house prices in determining the dynamic behaviour of consumption in South Africa using a panel vector autoregression approach to provincial level panel data covering the period of 1996–2010. With the shocks being identified using the standard recursive identification scheme, we find that the response of consumption to house prices shock is positive, but short-lived. In addition, we find that a positive shock to house price growth has a positive and significant effect on consumption, while the negative impact of a house price decrease causes an insignificant reduction in consumption. This suggests that house prices exhibit an asymmetric effect on consumption, with the positive effect following an increase in house prices being dominant in magnitude in comparison to a decline in consumption resulting from a negative shock to house prices.

Journal ArticleDOI
TL;DR: In this paper, the authors examine the meaning and limitations of localism in the context of housing policy and as mediated by the experience of devolution in England and Scotland, and conclude that the emerging interpretation of the localism may lead to policy dumping rather than enhanced real local autonomy.
Abstract: In this study, we examine the idea of localism in the context of housing policy and as mediated by the experience of devolution in England and Scotland. After considering arguments for adopting localism in principle, we examine the meaning and limitations of the concept when account is taken of the real nature of housing systems. This forms the basis for a consideration of the experience of localism in the context of social housing provision. We conclude that the implementation of localism by UK policy-makers has exhibited shortcomings and the emerging interpretation of localism may lead to policy dumping rather than enhanced real local autonomy.

Journal ArticleDOI
TL;DR: This work investigates the degree to which alternative, non-experimental statistical methods yield different estimates of the relationship between neighbourhood income mix and individual work income when applied to the same longitudinal database, and finds a substantial neighbourhood effect.
Abstract: European research attempting to quantify neighbourhood effects has relied almost exclusively on analyses of observational data. No consensus has emerged, perhaps because a variety of statistical procedures have been employed. We investigate this by exploring the degree to which alternative, non-experimental statistical methods yield different estimates of the relationship between neighbourhood income mix and individual work income when applied to the same longitudinal database. We find that results are highly sensitive to the statistical approach employed. Methods controlling for geographic selection bias generally reduce the negative association between low-income neighbours and individual earnings, but substantial differences across models remain. Controlling for both selection and endogeneity produces larger associations and evidence of non-linearity, something that is hidden in models only controlling for selection. All methods suffer shortcomings, so we argue for multi-method investigations to identi...

Journal ArticleDOI

Journal ArticleDOI
TL;DR: This paper examined the responses of remote living Indigenous people to the National Partnerships at the time of their introduction in 2009-2010 and found that although the policies have been welcomed, they have also been a source of anxiety and anger.
Abstract: Policy initiatives in remote Indigenous Australia aim to improve Indigenous health and well-being, and reduce homelessness. But they have raised controversy because they impinge on Indigenous aspirations to remain on homeland communities, require mainstreaming of Indigenous housing and transfer Indigenous land to the state. This paper uses recognition theory to argue that if policies of normalization are imposed on remote living Indigenous people in ways that take insufficient account of their cultural realities they may be experienced as a form of misrecognition and have detrimental policy effects. The paper examines the responses of remote living Indigenous people to the National Partnerships at the time of their introduction in 2009–2010. Drawing on interview and administrative data from a national study on Indigenous population mobility, the paper argues although the policies have been welcomed, they have also been a source of anxiety and anger. These feelings are associated with a sense of violated j...

Journal ArticleDOI
TL;DR: This paper examined the relationship between changes in relocated residents' satisfaction with home and neighborhood and the socioeconomic, racial composition, and crime characteristics of their destination neighborhood, finding that residents moved to somewhat safer neighborhoods with less poverty than those of the public housing.
Abstract: Using data from an Atlanta-based longitudinal study following 311 public housing residents relocated between 2009 and 2010 as the city's housing authority demolished its remaining public housing, the purpose of this paper is to examine the relationship between changes in relocated residents' satisfaction with home and neighborhood and the socioeconomic, racial composition, and crime characteristics of their destination neighborhood. Consistent with previous research, we find that residents moved to somewhat safer neighborhoods with less poverty than those of the public housing. In addition, we find that residents view their new homes and neighborhoods as improvements over public housing. However, subjective pre- to postmove changes in satisfaction are not driven by changes in neighborhood characteristics (i.e., reductions in poverty and crime), but rather by decreases in perceived social disorder and increases in community attachment. Thus, our findings challenge some of the assumptions of poverty deconcentration. Policy implications are discussed.

Journal ArticleDOI
TL;DR: This article examined the relationship between these variables in English neighbourhoods, using occupational mix to measure social mix and found neighbourhoods are generally more mixed in occupation than tenure, but the relationship is moderate and contrary to conventional wisdom; occupational mix and tenure mix increase with level of area deprivation.
Abstract: For a number of years, housing and regeneration policy in Britain has focused on creating social mix through changing housing tenure mix, particularly in deprived social housing areas. Policies are founded on the perception that segregation of rich and poor is increasing, and this reinforces disadvantage. Little work has examined the degree of correspondence between social and tenure mix. We examine the relationship between these variables in English neighbourhoods, using occupational mix to measure social mix. We examine the regional differences in this relationship. We show neighbourhoods are generally more mixed in occupation than tenure. Tenure mix has a positive relationship with occupational mix, but the relationship is moderate and contrary to conventional wisdom; occupational mix and tenure mix increase with level of area deprivation. Regional analysis shows that tenure mix is higher in the tighter housing markets of London and the South. If policy is genuinely concerned with increasing social mix...

Journal ArticleDOI
TL;DR: In this paper, the authors analyzed the performance of seven shared equity programs across the USA and found that homeownership under these programs was sustainable: there were very low delinquency and foreclosure rates and many families who sold their homes were able to use their sales' proceeds to purchase market-rate homes.
Abstract: Shared equity initiatives provide homeownership opportunities to low- and moderate-income families who buy homes at below-market prices. The appreciation that can be earned by resellers is limited to preserve the homes' affordability at resale. This article analyses affordability, personal wealth, security of tenure, and mobility outcomes for seven shared equity programs across the USA. Homebuyers earned returns that were competitive with what they would have received if they had invested in stocks or bonds. In addition, homes remained affordable to lower income buyers over time as the homes were resold. Homeownership under these programs was sustainable: there were very low delinquency and foreclosure rates and many families who sold their homes were able to use their sales' proceeds to purchase market-rate homes. Owners also showed little evidence of being locked in place, and moved to new homes at rates near the national average.

Journal ArticleDOI
TL;DR: In this article, the authors focus on relocation processes triggered by the demolition of social housing and show how an analysis of long-term residential trajectories can highlight and nuance the experiences of relocatees, and define three broad types of trajectories for a comprehensive approach of the meaning of relocation and opportunity held by households.
Abstract: In France, an urban renewal programme was launched in 2003 with the aim of boosting social mix by diversifying housing in disadvantaged neighbourhoods known as ‘Sensitive Urban Zones’. Drawing on 121 qualitative interviews conducted in seven neighbourhoods in the Paris region, this article focuses on relocation processes triggered by the demolition of social housing. How are these socio-residential changes experienced by those actually being relocated? To answer this question, the paper shows how an analysis of long-term residential trajectories can highlight and nuance the experiences of relocatees. Three broad types of trajectories are defined as an analytical framework for a comprehensive approach of the meaning of relocation and opportunity held by households. It shows how forced relocation can either be a positive step in residential trajectories or merely an adaptation in terms of housing, whether or not the inhabitants actually stay in their neighbourhood or leave it.

Journal ArticleDOI
TL;DR: The authors proposed the term "familification" to describe one type of gentrification: the process of neighborhood change by families moving into a neighborhood, which is referred to as urban familification.
Abstract: This paper proposes the term familification to describe one type of gentrification: the process of neighborhood change by families moving into a neighborhood. This study, drawing upon in-depth interviews, document analysis, and ethnographic observations, focuses on an urban familification program—one city's attempt to benefit families by restricting participation in its downtown housing programs. The paper first describes the programs and then explores how leaders, program participants, and neighbors understand the programs' intentions and effects. While family is not prominent in the programs' grant proposals, leaders indicated that promoting traditional families was a central objective. Implementing these programs revealed difficulties in defining family and in managing the programs' outcomes. Implications for fair housing laws are considered, and it is argued that fostering diversity in family life course stages may be a compelling government interest to promote neighborhood stability, and an inclusive...

Journal ArticleDOI
TL;DR: In this paper, an analysis of both quantitative and qualitative data collected in five Dutch cities shows that not only displaced households' restrictions but also their preferences are crucial to understand their relocation choices.
Abstract: Urban restructuring—the large-scale demolition of low-rent dwellings, followed by the construction of more upmarket alternatives—forces residents to make a step in their housing career. Because displaced residents tend to have a low socioeconomic position, they are often confined to the most affordable parts of the housing stock. Since these dwellings are generally concentrated in socioeconomically disadvantaged neighbourhoods, displaced residents are likely to move to such neighbourhoods. However, they do have a measure of freedom to choose their new neighbourhood. This article reveals which kinds of households move to disadvantaged neighbourhoods and why they do so. An analysis of both quantitative and qualitative data collected in five Dutch cities shows that not only displaced households' restrictions but also their preferences are crucial to understand their relocation choices.

Journal ArticleDOI
Kim Hawtrey1
TL;DR: Acharya, Matthew Richardson, Stijn Van Nieuwerburgh & Lawrence White, New Jersey, Princeton University Press, 2011, 222+x pp., US$24.95, ISBN 978 0 691 15078 9 The future of failed mortgag...
Abstract: Viral V. Acharya, Matthew Richardson, Stijn Van Nieuwerburgh & Lawrence White, New Jersey, Princeton University Press, 2011, 222+x pp., US$24.95, ISBN 978 0 691 15078 9 The future of failed mortgag...

Journal ArticleDOI
TL;DR: Andrew Beer & Debbie Faulkner with Chris Paris & Terry Clower, Bristol: Policy Press, 2011, 208 pp., £70.00 (hbk), ISBN 9781847424280 Housing Transitions Through the Life Course starts from the pre...
Abstract: Andrew Beer & Debbie Faulkner with Chris Paris & Terry Clower, Bristol: Policy Press, 2011, 208 pp., £70.00 (hbk), ISBN 9781847424280 Housing Transitions Through the Life Course starts from the pre...

Journal ArticleDOI
TL;DR: In this paper, a critical appraisal of the "New Labour" governments' much vaunted commitment to confronting and combating the spectre of visible rough sleeping and its associated street culture is presented.
Abstract: This article offers a critical appraisal of the ‘New Labour' governments’ (1997–2010) much vaunted commitment to confronting and combating the spectre of visible rough sleeping and its associated street culture. It reviews the trajectory of policy initiatives and welfare practices concerned with engendering the social inclusion of homeless people. It subsequently interrogates attempts to shape the behaviour of people experiencing homelessness through the imposition of greater conditionality and invocation of an ethic of self-responsibility. It stresses the importance of considering the role of actively engaged local communities in governing homeless people and regulating homeless service providers. It does this using an ethnographic case study of homelessness and housing need in a small market town in the south-west of England.

Journal ArticleDOI
TL;DR: Bathore, an informal settlement on government land, located in the outskirts of Tirana, the capital of Albania as mentioned in this paper, was formed in the early 1990s by poor squatters, mostly from rural northern Albania.
Abstract: This paper recounts the successful upgrading of Bathore, an informal settlement on government land, located in the outskirts of Tirana, the capital of Albania. Bathore was formed in the early 1990s by poor squatters, mostly from rural northern Albania, a region that became impoverished and lost most services after the fall of communism in 1990. The area that the squatters occupied lacked all infrastructure. However, the squatters built houses that were permanent structures of good quality, often multi-storey. These houses were mostly financed through the remittances of immigrants abroad. In mid-2000s, the Albanian government started taking steps to legalize squatter housing, and, subsequently, to equip the area with infrastructure. Now, Bathore is starting to resemble a middle-class-style suburb, if only in terms of physical appearance. This paper explores the roles of the central and local governments, the international financial institutions, a local NGO, and the local community in this achievement.

Journal Article
TL;DR: In this article, the authors employed a quantile regression of a hedonic price model to investigate how implicit prices of housing characteristics vary in each quantile of house prices and found that school proximity has the largest effect on the prices among dummy variables and that the level of the effect is larger in lower quantiles (lower priced houses).
Abstract: This paper estimates house price determinants in the Korean housing market, focusing on Seoul and employing the method of a quantile regression of a hedonic price model. With this quantile regression approach, how implicit prices of housing characteristics vary in each quantile of house prices is investigated. The data sample for this paper comprises court auction data collected from district courts of Seoul between 2006 and 2012. The hedonic variables employed in this research include building age, size, floor height, and floor level, proximity to metro station and high school and scenic view. As dependent variables, house prices in three sub-regions of Seoul are considered. Those prices between before and after the 2008 financial crisis are compared to determine the impact of the crisis. The empirical analysis finds that school proximity has the largest effect on the prices among dummy variables and that the level of the effect is larger in lower quantiles (lower-priced houses). By contrast, scenic view has a larger effect in higher quantiles (higher-priced houses), while its effect is statistically insignificant in lower quantiles. The effects of both school proximity and scenic view are also found to decrease in magnitude after the crisis.