Chapter 40 Urban housing markets: Theory and policy

Whitehead, Christine

doi:10.1016/s1574-0080(99)80009-1

Cited by 37 publications

(35 citation statements)

References 181 publications

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“…Generally, it is defined as a person's ability to finance the cost of home ownership in financial terms [17]. Housing affordability can also be seen when the person was still capable to finance other needs besides housing costs with the rest of his income [18].…”

Section: Definition and Concepts Of Demographic And Housing Affordmentioning

confidence: 99%

Measuring the Gen Y Housing Affordability Problem

Jiram¹,

Zarin²,

Bujang³

et al. 2015

IJTEF

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Abstract-Most of the available research today focuses on housing affordability between different income groups, affordable housing and housing market, but very little work has been done on housing affordability for different generations. Hence, this paper focuses on housing affordability for the young generation, otherwise known as Gen Y. In general, the study on housing for Gen Y is inter-connected with the study on demographic factors. Gen Y has been confronted with several housing issue which is the main housing issue for the Gen Y often relates to affordability to buy. The main question often raised is whether at this young age, a person can afford to buy and owned a house? Therefore, this study is carried to verify the level of affordability among the young age people to buy and owned a house. This study is also carried out to identify the factors influencing the problems faced by this age group to buy and owned a house. Looking at it from the positive side, buying a house at young age can be an advantage where they can enjoy a longer financing period. The longer term financing is taken; the amount pay for housing loan can be a small sum.Index Terms-Gen Y, house price, housing affordability, housing market, income.

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Section: Definition and Concepts Of Demographic And Housing Affordmentioning

confidence: 99%

Measuring the Gen Y Housing Affordability Problem

Jiram¹,

Zarin²,

Bujang³

et al. 2015

IJTEF

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“…As noted by Whitehead (1999), in Europe, housing has been seen as a fundamental part of national social policy while, in the United States, most housing policies (for example, rent control, dwelling-based taxation, housing assistance to lowincome families, zoning, etc.) are fundamentally local policies.…”

Section: Evaluation Of Housing Policies In Europementioning

confidence: 99%

Housing Policies in China: Issues and Options

Zénou

2010

SSRN Journal

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Terms of use: Documents in AbstractThis article consists in three parts. The first part deals with theory. We evaluate the pros and cons of government involvement in urban housing and of renting versus ownership. In the second part, we summarize the different housing policies that have been implemented in the United States, Europe, and Asia. We draw some conclusions. In particular, we show that there is a tradeoff between encouraging home ownership and social housing since countries that have favor the former have neglected the latter (like Japan, Spain, etc.). In the third part, we use the theory and the international policy parts to address housing policy issues in China. One of the main concerns in Chinese cities is the raise of poverty mainly by "illegal" migrants (who are Chinese rural residents) living in "urban villages". We propose two steps to fight against poverty in Chinese cities. The first one is to require that the Chinese government recognizes these "illegal" migrants by helping them becoming "legal". The second step is to encourage social housing that directly or indirectly subsidizes housing for the poor. In that case, to fight against poverty, one can either implement place-targeted policies (like the enterprise zone programs in the US and Europe and/or housing projects in the US, UK, or France) or people-targeted policies (like the MTO programs in the US). We also discuss other issues related to poverty. In particular, we suggest that the government could also try to keep migrants in rural areas by attracting firms there and/or introduce a microfinance system that helps them become entrepreneur.JEL Classification: H5, O53.

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“…Also, residential mobility is important for the functioning of the local housing and labor market (cf. Cameron and Muellbauer, 1998;Whitehead, 1999). Residential mobility is the mechanism through which the household generally adjusts its housing consumption.…”

Section: Introductionmentioning

confidence: 99%

Residential Mobility and Local Housing-Market Differences

et al. 2002

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Residential Mobility and Local Housing Market DifferencesThis paper extends previous literature on variations in mobility rates across local housing markets by examining the linkage of mobility rates at the household level to the structure of local housing markets. The results indicate that residential mobility rates differ widely across local housing markets, substantiating the view that residential relocation is intimately intertwined with conditions at the local level. Local housing market conditions also have different effects on mobility rates for renters and owner-occupiers.The results show that variation in residential mobility rates across housing markets can be partly explained by level of urbanization, the tenure structure, the degree of government intervention, and the size of the housing market. Remarkably, these differences in local housing markets cannot be seen to be related to housing market features only. The results suggest that differences can also be attributed to the behavior or attitude of households with respect to housing.

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Chapter 40 Urban housing markets: Theory and policy

Cited by 37 publications

References 181 publications

Measuring the Gen Y Housing Affordability Problem

Measuring the Gen Y Housing Affordability Problem

Housing Policies in China: Issues and Options

Residential Mobility and Local Housing-Market Differences

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