Open AccessJournal Article
Weaknesses of Housing Affordability IndicesUsed by Practitioners
M Jewkes,Lucy M. Delgadillo +1 more
TLDR
In the United States, there has been a decline in house prices, and in some parts of the country a significant depreciation has occurred as discussed by the authors, leading to concerns for housing instability.Abstract:
43 Introduction Housing affordability is a prominent concern in the United States for multiple reasons. Since around 2007, there has been a decline in house prices, and in some parts of the country a significant depreciation has occurred. There has also been a continued emphasis placed on becoming a homeowner by the United States government with multiple programs being established to help low-income households obtain homeownership (Schwartz, 2006). Qualifying guidelines for mortgages became more lenient for a time, contributing to the mortgage crisis. In addition, lenders approved borrowers regardless of the borrowers’ ability to pay the loan, and many of those loans were loaded with predatory features (Rushton, 2007). At the same time, the nation as a whole experienced a negative savings rate (Bureau of Economic Analysis, 2008) and increased levels of debt—a notorious combination that caused concerns for housing instability. Weaknesses of Housing Affordability Indices Used by Practitionersread more
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Housing affordability and mental health: does the relationship differ for renters and home purchasers?
TL;DR: Private renters appeared to be more vulnerable than home purchasers to mental health effects of unaffordable housing, suggesting that tenure-differentiated policy responses to poor housing affordability may be appropriate.
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Housing and transport expenditure: Socio-spatial indicators of affordability in Auckland
TL;DR: In this article, the authors quantitatively examined intra-metropolitan combined housing and transport affordability in Auckland, New Zealand using disaggregate zonal data to develop comprehensive indicators of commuting costs, which were applied to give an integrated affordability index for each statistical area unit within Auckland City.
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Who has Housing Affordability Problems? Disparities in Housing Cost Burden by Race, Nativity, and Legal Status in Los Angeles
TL;DR: The results suggest that immigrants’ legal status is the primary source of disparities among those examined, with the multivariate analyses revealing large and persistent disparities for unauthorized Latino immigrants relative to most other groups.
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Measuring Housing Affordability: A Longitudinal Approach
TL;DR: In this article, the authors examined the measurement of housing affordability, to show that conventional point-in-time measures of Housing affordability fail to capture the substantial movement that many individuals make into and out of poor affordability over time in our cities and regions.
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Developers' perspectives on transit-oriented development
Andrew Guthrie,Yingling Fan +1 more
TL;DR: In this paper, a series of interviews with 24 residential and commercial developers in the Twin Cities region were conducted to evaluate the success of transit corridors in promoting sustainable regional growth hinges on location decisions made by private sector developers.
References
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Journal ArticleDOI
What is housing affordability? The case for the residual income approach
TL;DR: In this article, the authors discuss the potential implications of the residual income paradigm for the analysis of housing problems and needs, for housing subsidy policy, and for mortgage underwriting practice.
Journal ArticleDOI
The concept of housing affordability: Six contemporary uses of the housing expenditure‐to‐income ratio
TL;DR: This paper identified six distinct ways in which the housing expenditure-to-income ratio is being used as an assumed measure of affordability: description of household expenditures; analysis of trends; administration of public housing by defining eligibility criteria and subsidy levels; definition of housing need for public policy purposes; prediction of the ability of a household to pay the rent or the mortgage; and as part of the selection criteria in the decision to rent or provide a mortgage.
Book
Housing Policy in the United States
TL;DR: In this article, the authors discuss trends, patterns, and problems of the housing crisis and its impact on the non-profit sector in the United States, including the following: 1. Trends, Patterns, Problems 3. Housing Finance 4. Taxes and Housing 5. The Low-Income Housing Tax Credit 6. Public Housing 7. Privately Owned Rental Housing Built with Federal Subsidy 8. Vouchers 9. State and Local Housing Policy and the Nonprofit Sector 10. Housing for People with Special Needs 11. Fair Housing and Community Reinvestment 12
Journal ArticleDOI
A new measure of housing affordability: Estimates and analytical results
TL;DR: In this article, the authors introduced the concept of housing-induced poverty to describe the situation that arises when a household, after paying for housing, cannot afford the poverty basket of nonhousing goods.
Book
Shelter Poverty: New Ideas on Housing Affordability
TL;DR: In this article, the authors discuss the historical roots of the affordability problem to the early 1930s, and the Triumph and Illusions of housing policy and the economy, 1930-1970 5. Economic Crisis, Shelter Poverty, and Housing Programs, 1970 to the Early 1990s 6. The Instability of Housing Production and Finance Since the Late 1960s Part III: How Can Shelter Poverty Be Overcome? 7. Social Ownership 8. Financing and Implementing Social ownership 9. Housing Reform with a Vision: Ownership and Production 10. Housing Affordability and