Colburn, G., & Page Aldern, C. (2022). Homelessness is a Housing Problem. University Of California Press.
Department: Runstad Department of Real Estate
Transforming the Irvine Ranch: Joan Irvine, William Pereira, Ray Watson, and the Big Plan
Oliver, H. Pike, & Stockstill, C. Michael. (2022). Transforming the Irvine Ranch: Joan Irvine, William Pereira, Ray Watson, and the Big Plan. Routledge.
Steven Bourassa
Steven C. Bourassa is H. Jon and Judith M. Runstad Endowed Professor and Chair of the Runstad Department of Real Estate in the College of Built Environments at the University of Washington. Previously, he served as department chair at Florida Atlantic University, the University of Auckland, and the University of Louisville, where he was KHC Real Estate Research Professor. His research focuses on urban housing and land markets and policy, covering a range of topics including housing tenure, residential property valuation, property taxation, housing affordability, low-income housing policy, community land trusts, and public land leasehold. He has published his research in numerous real estate and related journals, such as the Journal of Housing Economics, Journal of Real Estate Finance and Economics, Journal of Real Estate Research, and Journal of Urban Economics, as well as Real Estate Economics, Regional Science and Urban Economics, and Urban Studies. His co-edited book, Leasing Public Land: Policy Debates and International Experiences, was published by the Lincoln Institute of Land Policy. Dr. Bourassa is on the editorial boards of eight real estate journals. He is a Fellow of the Weimer School of Advanced Studies in Real Estate and Land Economics and received the Research Achievement Award from the International Real Estate Society, of which he is a past President. He is currently Treasurer of the American Real Estate and Urban Economics Association. He holds a Ph.D. in city and regional planning from the University of Pennsylvania.
Who Owns Chinatown: Neighbourhood Preservation and Change in Boston and Philadelphia
Acolin, Arthur; Vitiello, Domenic. (2018). Who Owns Chinatown: Neighbourhood Preservation and Change in Boston and Philadelphia. Urban Studies, 55(8), 1690 – 1710.
Abstract
The survival of Chinatowns and other ethnic enclaves in cities is largely determined by who owns property. Ethnic enclaves such as Chinatowns have traditionally played important economic, social and cultural functions as places for recent immigrants to live and work, though Chinatowns have long faced redevelopment pressures. In North America, as Chinese immigrants and their descendants settle in the suburbs, and as historic Chinatowns’ locations close to revitalising downtowns attract increasing investment, the future of these historic enclaves is shaped by various, often intense and divergent, forces. This article describes changes in the patterns of property ownership in Boston and Philadelphia’s downtown Chinatowns over the last decade (2003–2013) and relates them to changes and continuities in these neighbourhoods’ population, commercial activities and building stock. The trends we observe simultaneously reinforce and complicate debates about gentrification and longstanding efforts to preserve these Chinatowns as ethnic Chinese residential, commercial, and cultural centres.]
Keywords
Chinatown, Ethnic Enclave, Neighbourhood Change, Ownership
Hedonic, Residual, and Matching Methods for Residential Land Valuation
Bourassa, Steven C.; Hoesli, Martin. (2022). Hedonic, Residual, and Matching Methods for Residential Land Valuation. Journal Of Housing Economics, 58.
Abstract
• Our first method involves a hedonic model estimated for sales of vacant lots. • Another method depreciates improvements, obtaining land value as a residual. • Our third approach matches the sales of vacant and subsequently developed lots. • This allows us to estimate a hedonic model of land leverage (the ratio of land to total property value) for improved properties. • We conclude that the third approach is the most promising of the three methods. Accurate estimates of land values on a property-by-property basis are an important requirement for the effective implementation of land-based property taxes. We compare hedonic, residual, and matching techniques for mass appraisal of residential land values, using data from Maricopa County, Arizona. The first method involves a hedonic valuation model estimated for transactions of vacant lots. The second approach subtracts the depreciated cost of improvements from the value of improved properties to obtain land value as a residual. The third approach matches the sales of vacant lots with subsequent sales of the same properties once they have been developed. For each pair, we use a land price index to inflate the land price to the time of the improved property transaction and then calculate land leverage (the ratio of land to total property value). A hedonic model is estimated and used to predict land leverage for all improved properties. We conclude that the matching approach is the most promising of the methods considered. [ABSTRACT FROM AUTHOR]; Copyright of Journal of Housing Economics is the property of Academic Press Inc. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Keywords
Hedonic Method; Land Leverage; Land Valuation; Matching Approach; Residual Approach
Housing Cost Burden and Life Satisfaction
Acolin, Arthur; Reina, Vincent. (2022). Housing Cost Burden and Life Satisfaction. Journal Of Housing & The Built Environment, 37(4), 1789-1815.
Abstract
The share of income that households spent on their housing has been increasing over time in a wide range of countries, particularly among lower income households. In theory, the share of income spent on housing can reflect variations in household preferences for housing consumption but for low-income household, high burdens are likely more reflective of constraints and force these households to face tradeoffs between housing and non-housing consumption that negatively affect their overall life satisfaction. This paper uses data from the 2018 European Union Statistics on Income and Living Conditions (EU-SILC) for 14 countries. We find that, controlling for household sociodemographic characteristics, households spending more than 30 percent of their income and those spending more than 50 percent of their income on housing report significantly lower levels of life satisfaction. The estimated relationship is largest for this latter heavily cost burdened group. The negative relationship between housing cost burden and reported life satisfaction is found across countries but varies in magnitude, suggesting that stronger welfare systems may mediate the negative impacts of housing cost burdens, although further research is needed to confirm both this relationship and the precise mechanisms driving it.
Keywords
Life Satisfaction; Income; Housing; Poor Communities; Subjective Well-being (psychology); Living Conditions; European Countries; Housing Cost; Subjective Wellbeing; Economic Hardship; Homeownership; Affordability; Determinants; Cost Analysis; Housing Costs; Households; Consumption; Low Income Groups; Expenditures; Welfare; Sociodemographics
Measuring the Housing Sector’s Contribution to GDP in Emerging Market Countries
Acolin, Arthur;hoek-smit, Marja;green, Richard K. (2022). Measuring the Housing Sector’s Contribution to GDP in Emerging Market Countries. International Journal Of Housing Markets And Analysis, 15(5), 977-994.
Abstract
Purpose > This paper aims to document the economic importance of the housing sector, as measured by its contribution to gross domestic product (GDP), which is not fully recognized. In response to the joint economic and health crises caused by the COVID-19 pandemic, there is an opportunity for emerging market countries to develop and implement inclusive housing strategies that stimulate the economy and improve community health outcomes. However, so far housing does not feature prominently in the recovery plans of many emerging market countries. Design/methodology/approach > This paper uses national account data and informal housing estimates for 11 emerging market economies to estimate the contribution of housing investments and housing services to the GDP of these countries. Findings > This paper finds that the combined contribution of housing investments and housing services represents between 6.9% and 18.5% of GDP, averaging 13.1% in the countries with information about both. This puts the housing sector roughly on par with other key sectors such as manufacturing. In addition, if the informal housing sector is undercounted in the official national account figures used in this analysis by 50% or 100%, for example, then the true averages of housing investments and housing services’ contribution to GDP would increase to 14.3% or 16.1% of GDP, respectively. Research limitations/implications > Further efforts to improve data collection about housing investments and consumption, particularly imputed rent for owner occupiers and informal activity require national government to conduct regular household and housing surveys. Researcher can help make these surveys more robust and leverage new data sources such as scraped housing price and rent data to complement traditional surveys. Better data are needed in order to capture housing contribution to the economy. Practical implications > The size of the housing sector and its impact in terms of employment and community resilience indicate the potential of inclusive housing investments to both serve short-term economic stimulus and increase long-term community resilience. Originality/value > The role of housing in the economy is often limited to housing investment, despite the importance of housing services and well-documented methodologies to include them. This analysis highlights the importance of housing to the economy of emerging market countries (in addition to all the non-GDP related impact of housing on welfare) and indicate data limitation that need to be addressed to further strengthen the case for focusing on housing as part of economic recovery plans.
Keywords
Pandemics; Economic Importance; Investments; Housing; Sanitation; Recovery; International Organizations; Covid-19; Economic Growth; Data Collection; Economic Indicators; Economics; Housing Conditions; Economic Policy; Economic Conditions; Market Economies; Resilience; Low Income Groups; Economic Activity; Consumption; Emerging Markets; Earthquakes; Surveys; Gross Domestic Product--gdp; Coronaviruses; Affordable Housing; Economic Development; Informal Economy; Households; Recovery Plans; Disease Transmission; Africa; South Africa; India
Moving to Shared Equity: Locational Outcomes for Households in Shared Equity Homeownership Programs
Ramiller, Alex; Acolin, Arthur; Walter, Rebecca J.; Wang, Ruoniu. (2022). Moving to Shared Equity: Locational Outcomes for Households in Shared Equity Homeownership Programs. Housing Studies, 44586.
Abstract
Abstract The impact of U.S. housing policy on household locational outcomes has primarily been studied in the context of rental housing assistance programs, but the impact of alternative homeownership models is less fully explored. In this study, we assess residential trajectories for households that have participated in shared-equity homeownership (SEH) programs such as Community Land Trusts and Limited Equity Housing Cooperatives. We examine changes in neighborhood characteristics that occur when households enter and exit SEH units, and compare those outcomes with similar households that entered traditional homeownership or continued to rent. We find that while entering SEH is associated with decreases in neighborhood opportunity measures, exiting SEH is associated with improvements in key measures including lower concentrations of poverty. We conclude that while entering SEH may entail moving to lower-opportunity neighborhoods, participation in SEH programs increases the long-term economic and socio-spatial mobility of participating households by enabling them to access a broader array of neighborhood contexts in their subsequent move. [ABSTRACT FROM AUTHOR]; Copyright of Housing Studies is the property of Routledge and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Keywords
Community Land Trusts; Geographies Of Opportunity; Locational Outcomes; Residential Mobility; Shared-equity Homeownership
Place-based Improvements for Public Safety: Private Investment, Public Code Enforcement, and Changes in Crime at Microplaces across Six U.S. Cities
Tillyer, Marie Skubak; Acolin, Arthur; Walter, Rebecca J. (2022). Place-based Improvements for Public Safety: Private Investment, Public Code Enforcement, and Changes in Crime at Microplaces across Six U.S. Cities. Justice Quarterly, 44592.
Abstract
Abstract Research demonstrates that crime concentrates at relatively few microplaces, and changes at a small proportion of locations can have a considerable influence on a city’s overall crime level. Yet there is little research examining what accounts for change in crime at microplaces. This study examines the relationship between two mechanisms for place-based improvements – private investment in the form of building permits and public regulation in the form of municipal code enforcement – and yearly changes in crime at street segments. We use longitudinal data from six cities to estimate Spatial Durbin Models with block group and census tract by year fixed effects. Building permits and code enforcement are significantly associated with reductions in crime on street segments across all cities, with spatial diffusion of benefits to nearby segments. These findings suggest public safety planning should include efforts that incentivize and compel physical improvements to high crime microplaces. [ABSTRACT FROM AUTHOR]; Copyright of JQ: Justice Quarterly is the property of Routledge and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
Keywords
Code Enforcement; Crime And Place; Hot Spots; Investment; Place-based Improvements
Racial Disparity in Exposure to Housing Cost Burden in the United States: 1980-2017
Hess, Chris; Colburn, Gregg; Crowder, Kyle; Allen, Ryan. (2022). Racial Disparity in Exposure to Housing Cost Burden in the United States: 1980-2017. Housing Studies, 37(10), 1821-1841.
Abstract
This article uses the Panel Study of Income Dynamics to analyse Black–White differences in housing cost burden exposure among renter households in the USA from 1980 to 2017, expanding understanding of this phenomenon in two respects. Specifically, we document how much this racial disparity changed among renters over almost four decades and identify how much factors associated with income or housing costs explain Black–White inequality in exposure to housing cost burden. For White households, the net contribution of household, neighbourhood and metropolitan covariates accounts for much of the change in the probability of housing cost burden over time. For Black households, however, the probability of experiencing housing cost burden continued to rise throughout the period of this study, even after controlling for household, neighbourhood and metropolitan covariates. This suggests that unobserved variables like racial discrimination, social networks or employment quality might explain the increasing disparity in cost burden among for Black and White households in the USA.
Keywords
Housing; Racial Inequality; Households; Neighborhoods; Social Networks; Cost Burden; Housing Cost; Employment Discrimination; Housing Costs; Racial Discrimination; Social Factors; Dynamic Tests; Black White Differences; Tenants; Income Inequality; Race Factors; Social Organization; Cost Analysis; Black People; Racial Differences; Income; Exposure; Inequality; Social Interactions; Employment; United States--us