Out of control: What can we learn from the end of Massachusetts rent control?

Sims, David

doi:10.1016/j.jue.2006.06.004

Cited by 129 publications

(116 citation statements)

References 16 publications

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“…In addition, some papers have studied more localized spillover effects of public housing and rent control on nearby uncontrolled units (see e.g. Sims, 2007, Baum-Snow and Marion, 2009, Autor et al, 2014and Diamond and McQuade, 2016. 7 Technically, the public housing buildings are also owned by limited liability companies, which are owned by the municipalities.…”

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confidence: 99%

Delivering affordable housing and neighborhood quality: A comparison of place- and tenant-based programs

Eerola

Saarimaa

2018

Journal of Housing Economics

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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. This paper analyzes the relative merits of large place-and tenant-based housing programs in Finland in terms of housing affordability and neighborhood quality. Using hedonic regression methods and household micro data, we find that rent savings to public housing tenants are less targeted towards low-income households than housing allowance. In addition, low-income public housing tenants live in poorer, less educated and lower quality neighborhoods than similar low-income households in private rental housing. This suggests that place-based programs may lead to more segregation than tenant-based alternatives even when neighborhood mixing is an explicit aim of the program, as in Finland. Terms of use: Documents inJEL-Codes: H220, R210, R230.

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confidence: 99%

Delivering affordable housing and neighborhood quality: A comparison of place- and tenant-based programs

Eerola

Saarimaa

2018

Journal of Housing Economics

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“…may create lock-in effects in the housing market, with implications for residential and job mobility (Oswald, 1999;Van Ommeren and Van Leuvenstein, 2005). Stringent rental regulations may lower residential construction and reduce the mobility of incumbent tenants, thus lowering residential mobility (Sims, 2007;Lind, 2001). Housing market interventions which limit the supply of housing, such as restrictive land use regulations and building costs, can also constrain residential mobility (Caldera .…”

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confidence: 99%

Skill Mismatch and Public Policy in OECD Countries

McGowan

Andrews

2015

OECD Economics Department Working Papers

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“…Justifications for the use of rent control include providing affordable housing services and supporting rent stabilization as well as balancing bargaining power inequality and addressing information asymmetries between landlords and tenants. Arguments against rent control emphasize that its implementation can contribute to rental housing underinvestment, insufficient spending on rental housing improvement and maintenance, inferior labor market outcomes, rental price distortion as well as inefficient resource allocation and distribution, i.e., consumers do not necessarily get the desired rental housing quality and size at the controlled price (e.g., Worldbank, 1993;Arnott, 1995;Sims, 2007;Andrews et al, 2011). Menard & Sellem (2010) indicate that subsidized tenants tend to accept lower-paid jobs and may be unemployed longer, as they are reluctant to give up relatively favorable tenancy conditions.…”

Section: Housing Tenure and Societal Implicationsmentioning

confidence: 99%

Housing, Finance, Policy and the Wider Economy

Winkler¹

2017

JMS

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Building an understanding of the complex dynamics between housing, finance, policy and the wider economy is a critical step towards the development of a strategy that permits policy makers to leverage resources and enable the housing market to function better in the pursuit of economic, financial and social objectives. Powerful real, legislative and financial circuits suggest that an enabling strategy for housing can support societal progress and wellbeing. By summarizing the key findings in the existing theoretical and empirical literature, this study helps to explain the complex interrelations between housing, finance, policy and the wider economy by using a simple model; it also deals with housing-related policies and their effects, examines the rational for housing market regulation, investigates whether housing market corrections threaten financial and macroeconomic stability, and asks whether policies are efficacious at controlling housing market outcomes. The important takeaways from this study are: (i) policy setting should be evidence-based, which necessitates further efforts to address existing data deficiencies; (ii) finance trends are in flux and policy effects can be asymmetric, which necessitates regular and critical housing market reviews to identify misallocation, dislocation and reform needs; (iii) improvement in the functioning of the housing market requires a coordinating authority that takes steps to reconcile the various housing market stakeholders' mutually incompatible interests and arrange for concerted policy and institutional reforms. The study closes with an outlook on future research.

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Out of control: What can we learn from the end of Massachusetts rent control?

Cited by 129 publications

References 16 publications

Delivering affordable housing and neighborhood quality: A comparison of place- and tenant-based programs

Delivering affordable housing and neighborhood quality: A comparison of place- and tenant-based programs

Skill Mismatch and Public Policy in OECD Countries

Housing, Finance, Policy and the Wider Economy

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