Acolin, Arthur. (2020). Owning vs. Renting: The Benefits of Residential Stability? Housing Studies, 37(4), 644-647.
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Abstract
In housing research, owning, as compared to renting, is generally depicted as more desirable and associated with better outcomes. This paper explores differences in outcomes between owners and renters in 25 European countries and whether these differences are systematically smaller in countries in which owners and renters have more similar levels of residential stability (smaller tenure length gap). The results indicate that the direction of the relationship between tenure type and the selected outcomes is largely similar across countries. Owners generally exhibit more desirable outcomes (including life satisfaction, civic participation, educational outcomes for children, and physical and mental health). However, when looking at the relationship between outcomes and country level differences in tenure length gap, findings suggest that renters have outcomes that are more similar to owners in countries in which tenure length gaps are smaller. These results point to the potential benefits of policies that would increase residential stability, particularly for renters.
Keywords
European Union; Homeownership Benefits; Length Of Residence; Tenure; Home-ownership; Homeownership
Peers, Justin B.; Gregg, Christopher E.; Lindell, Michael K.; Pelletier, Denis; Romerio, Franco; Joyner, Andrew T. (2021). The Economic Effects of Volcanic Alerts-A Case Study of High-Threat US Volcanoes. Risk Analysis, 41(10).
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Abstract
A common concern about volcanic unrest is that the communication of information about increasing volcanic alert levels (VALs) to the public could cause serious social and economic impacts even if an eruption does not occur. To test this statement, this study examined housing prices and business patterns from 1974-2016 in volcanic regions with very-high threat designations from the U.S. Geological Survey (USGS)-Long Valley Caldera (LVC), CA (caldera); Mount St. Helens (MSH), Washington (stratovolcano); and Kilauea, HawaiModified Letter Turned Commai (shield volcano). To compare economic trends in nonvolcanic regions that are economically dependent on tourism, Steamboat Springs, CO, served as a control as it is a ski-tourism community much like Mammoth Lakes in LVC. Autoregressive distributed lag (ARDL) models predicted that housing prices were negatively affected by VALs at LVC from 1982-1983 and 1991-1997. While VALs associated with unrest and eruptions included in this study both had short-term indirect effects on housing prices and business indicators (e.g., number of establishments, employment, and salary), these notifications were not strong predictors of long-term economic trends. Our findings suggest that these indirect effects result from both eruptions with higher level VALs and from unrest involving lower-level VAL notifications that communicate a change in volcanic activity but do not indicate that an eruption is imminent or underway. This provides evidence concerning a systemic issue in disaster resilience. While disaster relief is provided by the U.S. federal government for direct impacts associated with disaster events that result in presidential major disaster declarations, there is limited or no assistance for indirect effects to businesses and homeowners that may follow volcanic unrest with no resulting direct physical losses. The fact that periods of volcanic unrest preceding eruption are often protracted in comparison to precursory periods for other hazardous events (e.g., earthquakes, hurricanes, flooding) makes the issue of indirect effects particularly important in regions susceptible to volcanic activity.
Keywords
Direct Impacts; Econometric Analysis; Indirect Impacts; Risk Assessment; Volcano Alert Levels; Earthquakes; Hurricanes; Threats; Housing Costs; Business Indicators; Disasters; Disaster Relief; Declarations; Volcanoes; Resilience; Tourism; Economics; Flooding; Trends; Calderas; Geological Surveys; Housing Prices; Eruptions; Precursors; Indirect Effects; Business; Disaster Management; Economic Trends; Autoregressive Models; Floods; Employment Status; Prices; Federal Government; Housing; Eruption; Economic Impact; Seismic Activity; Volcanic Activity; Earthquake Prediction; Lakes; Communication; United States--us
Hoofnagle, Chris Jay; Whittington, Jan. (2014). Free: Accounting for the Costs of the Internet’s Most Popular Price. UCLA Law Review, 61(3), 606 – 670.
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Abstract
Offers of free services abound on the Internet. But the focus on the price rather than on the cost of free services has led consumers into a position of vulnerability. For example, even though internet users typically exchange personal information for the opportunity to use these purportedly free services, one court has found that users of free services are not consumers for purposes of California consumer protection law. This holding reflects the common misconception that the costs of free online transactions are negligible when in fact true costs may be quite significant. To elucidate the true costs of these allegedly free services, we apply a transaction cost economics (TCE) approach. Unlike orthodox economic theory, TCE provides a framework for analyzing exchanges in which the price of the product seems to be zero. Under a TCE analysis, we argue that information-intensive companies misuse the term free to promote products and services that involve numerous nonpecuniary costs. In so doing, firms generate contractual hazards for consumers, ignore consumer preferences for privacy, and mislead consumers by creating the impression that a given transaction will be free. While psychological research and behavioral economics may support an outright ban of free offers because of their biasing effects, TCE suggests reforming governance structures to place the business risks associated with free transactions more firmly in the hands of businesses. We suggest alterations to governance structures such as the Federal Trade Commission's Guide Concerning Use of the Word Free (FTC Guide) to curb the incentives of firms to raise transaction costs for consumers. The FTC Guide provides support for two of the consumer protection measures we propose: first, a requirement that free service providers clearly disclose that such providers seek users' personal information in exchange for those services, and, second, the establishment of a regular price before providers can market a service as free. We further argue that the recognition of users of free services as consumers for purposes of consumer protection law would better align incentives and ensure users access to legal redress against some of the most popular services on the Internet. Lastly, we suggest the adoption of alternative governance structures designed to reduce the cost of transacting by curbing the collection of personal information from consumers of free services and by enhancing the rights of consumers to govern the dispersal of personal information from free online services to third parties.
Keywords
Free Internet Service Providers; Internet Usage Monitoring; Transaction Cost Theory Of The Firm; Internet Privacy -- Law & Legislation; Law; United States. Federal Trade Commission; Vertical Integration; Privacy
Acolin, Arthur; Goodman, Laurie; Wachter, Susan M. (2019). Accessing Homeownership with Credit Constraints. Housing Policy Debate, 29(1), 108 – 125.
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Abstract
The tightening of mortgage credit in the aftermath of the global financial crisis has been identified as a factor in the decline of homeownership in the United States to 50-year lows. In this article, we review findings about the role of borrowing constraints and tightened credit in lowering access to homeownership. We also discuss how institutional changes could hinder or support this access going forward.
Keywords
Borrowing Constraints; Home Ownership; Mortgage; Model; Race; Homeownership; Credit Access; International Finance; Economic Crisis; Property; Aftermath; Access; Credit; Access To Credit; Economic Models; United States--us
Coslett, Daniel E. (2020). Preservation and Tourism in Tunisia: On the Colonial Past in the Neocolonial Present. Journal Of North African Studies, 25(5), 727 – 752.
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Abstract
Historic built environments of the modern colonial era survive in cityscapes of former colonies the world over, often featuring largely in the projected urban identities of cities in Africa, Asia, and the Middle East. Tunisia is no exception. The complex relationships between extant architectures of colonialism and current users, designers, and preservationists there are shifting within the context of contemporary globalization. Though ties between Europe, France, and Tunisia are less overt than they once were-now taking the form of international development loans, professional and educational exchanges, tourism programmes, popular culture and the media-they are nonetheless significant in their sustained influence. This article explores the nature and products of neocolonialism in postcolonial heritage management and tourism practices, using several case studies from Tunis including curated medina walking tours, the renovation of the Avenue Bourguiba, and expansion of the renowned Bardo Museum. Rather than dismissing contemporary preservation and tourism management practices, the article invites further debate regarding the influence of foreign actors, conservation approaches, and potential alternatives for the future of heritage management in a rapidly changing Tunisia.
Keywords
Heritage Tourism; Tourism; Tourism Management; Foreign Loans; Educational Exchanges; Stone Age; Food Tourism; Tunisia; Tunis (tunisia); Heritage Management; Historic Preservation; Neocolonialism; Tunis
Robinson, Jamaica R. M.; Phipps, Amanda, I; Barrington, Wendy E.; Hurvitz, Philip M.; Sheppard, Lianne; Malen, Rachel C.; Newcomb, Polly A. (2021). Associations of Household Income with Health-Related Quality of Life Following a Colorectal Cancer Diagnosis Varies with Neighborhood Socioeconomic Status. Cancer Epidemiology Biomarkers & Prevention, 30(7), 1366 – 1374.
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Abstract
Background: Existing evidence indicates household income as a predictor of health-related quality of life (HRQoL) following a colorectal cancer diagnosis. This association likely varies with neighborhood socioeconomic status (nSES), but evidence is limited. Methods: We included data from 1,355 colorectal cancer survivors participating in the population-based Puget Sound Colorectal Cancer Cohort (PSCCC). Survivors reported current annual household income; we measured HRQoL via the Functional Assessment of Cancer Therapy - Colorectal (FACT-C) tool. Using neighborhood data summarized within a 1-km radial buffer of Census block group centroids, we constructed a multidimensional nSES index measure. We employed survivors' geocoded residential addresses to append nSES score for Census block group of residence. With linear generalized estimating equations clustered on survivor location, we evaluated associations of household income with differences in FACT-C mean score, overall and stratified by nSES. We used separate models to explore relationships for wellbeing subscales. Results: We found lower household income to be associated with clinically meaningful differences in overall FACT-C scores [<$30K: -13.6; 95% confidence interval (CI): -16.8 to -10.4] and subscale wellbeing after a recent colorectal cancer diagnosis. Relationships were slightly greater in magnitude for survivors living in lower SES neighborhoods. Conclusions: Our findings suggest that recently diagnosed lower income colorectal cancer survivors are likely to report lower HRQoL, and modestly more so in lower SES neighborhoods. Impact: The findings from this work will aid future investigators' ability to further consider the contexts in which the income of survivors can be leveraged as a means of improving HRQoL
Keywords
Built Environment Factors; Functional Assessment; Fact-c; Population-density; Physical-activity; Survivors; Care; Disparities; Impact; Mortality
Manzo, Lynne C. (2014). On Uncertain Ground: Being at Home in the Context of Public Housing Redevelopment. International Journal Of Housing Policy, 14(4), 389 – 410.
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Abstract
The recent global financial crisis increased the volatility of housing markets and furthered the ongoing disinvestment in public sector housing. This disinvestment has been manifest in urban restructuring programmes involving both the privatisation and the wholesale demolition of public/social housing. For example, programmes like HOPE VI in the USA have radically altered the landscape of public housing through the demolition of tens of thousands of housing units nationwide. However, what of the people who occupied this housing, and what of the lives they had built there? In such a context, deliberating on the notion of being at home becomes a pressing task, necessitating serious consideration of the lived experience of place and place attachments among those who have been displaced by such programmes. While research has studied outcomes such as the quality of the new neighbourhood and household economic stability, it does not adequately address the lived experience of place and the disruptions that forced relocation can cause. This paper brings the literature on place attachment into the discussion of urban restructuring programmes and discusses the findings of several empirical studies on place attachment to provide a more complete picture of the impacts of such programmes on poor people. It demonstrates how place attachments in the context of public housing are complicated by poverty, power dynamics, ambivalence, and stigma, underscoring how attachments are formed through the interplay of policy and programme rhetoric, and the active processes of meaning making among residents. Policy implications of considering place attachments in public housing redevelopment efforts are also addressed.
Keywords
Public Housing; Housing Development; Housing Market; Housing Assistance Agencies; Urbanization; Global Financial Crisis, 2008-2009; Being At Home; Hope Vi; Place Attachment; Urban Restructuring Programmes; Relocation; Residents; Stability; Landscape; Neighborhoods; Stigma; Poverty; Radicalism; Ambivalence; Public Policy; Social Programs; Public Finance; Public Sector; Economic Stabilization; Housing Authorities; International Finance; Economic Crisis; Privatization; Demolition; Volatility; Redevelopment; Low Income Groups; Rhetoric
Acolin, Arthur; Hoek-Smit, Marja C.; Eloy, Claudia Magalhaes. (2019). High Delinquency Rates in Brazil’s Minha Casa Minha Vida Housing Program: Possible Causes and Necessary Reforms. Habitat International, 83, 99 – 110.
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Abstract
Brazil's main housing program, Minha Casa Minha Vida (MCMV), has contracted the construction of over 3 million housing units since 2009, providing access to homeownership for low and middle-income households through a combination of credit, subsidies and guarantees. In this paper, we analyze disaggregated delinquency information at the project level for the section of the program that serves households in the lowest income range (Faixa 1). Our analysis of program performance in six metropolitan regions shows an overall level of delinquency of 28% as of the end of 2015. We identify four hypotheses to explain this elevated level of delinquency: the peripheral location of the units, insufficient income to cover ongoing costs, moral hazard in the management of the program, and organized crime in some projects. Our analysis shows that in 4 of the 6 regions, low-income projects in peripheral locations exhibit substantially higher non-payment levels and that lower income households have higher levels of delinquency. Based on our analysis, we recommend modifications to program design, including the inclusion of location criteria in subsidy scaling. The findings provide evidence of the limits of MCMV Faixa l's approach to solving Brazilian low-income housing needs and contribute to an emerging body of literature pointing to the importance of location in housing programs.
Keywords
Income; Urban Growth; Housing; Home Ownership; Moral Hazard; Affordable Housing; Delinquency Rate; Housing Program; Integrated Urban Development; Programa Minha Casa Minha Vida; Social Housing; Mexico; Scale
Hess, Chris; Colburn, Gregg; Crowder, Kyle; Allen, Ryan. (2020). Racial Disparity in Exposure to Housing Cost Burden in the United States: 1980-2017. Housing Studies.
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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
Cost Burden; Housing Cost; Racial Inequality; Income Inequality; Rent Burden; Affordability; Neighborhoods; Segregation; Dynamics; Hardship; Prices; Market; Poor
Taufen, Anne; Yocom, Ken. (2021). Transitions In Urban Waterfronts: Imagining, Contesting, And Sustaining The Aquatic/terrestrial Interface. Sustainability, 13(1).
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Abstract
Urban waterfronts represent hybrid locations of ecological, economic, and social zones of transition and dispersal, spatially reified between land and water. Yet, through advancements in technology and the emergence of globally linked economies, the structure and function of urban waterfronts as economic and industrial drivers is becoming increasingly complex. As cities seek to redevelop their waterfronts in response to these changes, recent research and scholarship has focused on understanding the ecological, social, and economic benefits derived from urban waterfronts. This research reveals that their benefits are unevenly distributed among local and regional populations as sites of accumulated inequity and inaccessibility that are generative for only a relatively small percentage of the people living in a metropolitan area. Set within this paradoxical nexus, this paper frames a call to scientists, planners, academics, and waterfront activists to expand urban waterfront research from an indicator and benefits model to incorporate three conceptual tools for better understanding key dimensions of waterfront reclamation within the context of green infrastructure research: urban hybridity, functional performance and hierarchies of access. We explore these key dimensions in relation to the waterfront redevelopment of Tacoma, Washington, USA. By acknowledging the hybridity of urban waterfronts, we illustrate that their relative performance and accessibility require ongoing empirical study and practical intervention. Our theoretical explorations plot some of the potential areas of investigation for examining the structural and functional transitions of urban waterfronts as critical locations for green infrastructure development for the 21st century.
Keywords
Place Attachment; Community Participation; Cities; Justice; Indicators; Challenges; Resilience; Governance; Space; Urban Waterfronts; Complexity; Urban Hybridity; Functional Performance; Hierarchies Of Access; Public Access; Stormwater Management; Infrastructure; Reclamation; Green Aspects; Waterfront Development; Urban Areas; Terrestrial Environments; Waterfronts; Economics; Hierarchies; Redevelopment; Regulation; Dispersal; Economic Activity; Shorelines; Regions; Terrestrial Ecosystems; Sustainable Development; Structure-function Relationships; Ports; Rivers; Metropolitan Areas; Urbanization; United States--us