Weaknesses in Current Measures of Housing Needs

O’Dell, William; Smith, Marc T.; White, Douglas C.

doi:10.1080/08882746.2004.11430496

Cited by 26 publications

(24 citation statements)

References 9 publications

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“…The household might able to allocate the proportion for housing cost but neglect to meet the minimum standard of living and potentially fall into poverty line. In the similar vein, some argued that the cost of living between various locational is varied 8 . Besides, it is inappropriate for a household who prefers high housing consumption, which causes high house price-to-income ratio 28,32.…”

Section: Economic Perspectivementioning

confidence: 99%

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Measuring Young Professionals’ Housing Affordability in Greater Kuala Lumpur

Sohaimi¹,

Abdullah²,

Shuid³

2018

IJET

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A plethora of approaches applied for measuring the housing affordability. Undoubtedly, the housing cost and household income are ubiquitous predictors to address the housing affordability. Besides, housing policies also receive an enormous attention in debating this issue. This study, therefore, presents the predictors of transportation cost along with other factors in addressing housing affordability for young professionals. Equally, important, individual life event is also highlighted as this matter is being given less attention. By adopting these dimensions, it is idyllic in associating the study gap. Young professionals are individuals aged between 25 and 35 years old and either working or living in Greater Kuala Lumpur with at least a bachelor’s degree qualification and registered through the professional firm. The purpose of the study is first, to measure young professionals’ affordability by underpinning the residual income approach and second, to explore the affordability through the housing trajectories concept. Thus, 290 survey data were analysed using the binary logistic regression. The study found that the predictors such as the presence of children, professional for engineer and quantity surveyor, employment status of permanent and other, household expenditure, household income, housing cost, transportation cost, housing location of Petaling Jaya and Putrajaya, are statistically significant to the housing affordability.

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Section: Economic Perspectivementioning

confidence: 99%

“…To date, numerous barometer of housing affordability has emerged (7,8). Some involve the housing cost approach, and some use the basic non-housing cost approach.…”

Section: Introductionmentioning

confidence: 99%

Measuring Young Professionals’ Housing Affordability in Greater Kuala Lumpur

Sohaimi¹,

Abdullah²,

Shuid³

2018

IJET

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“…Housing is considered affordable if this ratio is below a pre-defined threshold, usually set to 30% (Bogdon & Can, 1997). Although the ratio combines the two most important elements of housing affordability, namely income and housing costs, it inevitably leaves out conditions that have a significant impact on housing affordability outcomes, such as remaining disposable income (Stone, 2006) and household structure (O'Dell, Smith & White, 2004). A household spending fewer than 30% of its income on housing may be burdened by its housing cost, whereas another household spending more than 30% or temporarily even 50% may still be able to pay for the non-housing necessities (Bogdon & Can, 1997;Rowley, Ong & Haffner, 2015).…”

Section: Dimensions and Indicators Of Housing Affordabilitymentioning

confidence: 99%

“…Meanwhile, housing affordability has replaced housing quality as the main focus of housing research because housing affordability has deteriorated while housing quality has improved (Bogdon & Can, 1997;O'Dell, Smith & White, 2004). Yet, housing quality problems still exist.…”

Section: Dimensions and Indicators Of Housing Affordabilitymentioning

confidence: 99%

Has the oil boom generated new problems of housing affordability in resource-driven agglomerations in Canada? A case study of St. John’s, Saskatoon, Calgary, Edmonton, and Fort McMurray, 1991–2011

Okkola

Brunelle

2017

Urban Geography

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Recent studies focused on Canadian metropolitan areas suggest that growing income inequality underlies problems of housing affordability for low and moderate income earners. This article investigates how unprecedented commodity-led economic growth between 1991 and 2011 has impacted housing affordability in five resource-driven agglomerations in Canada. Housing affordability is analyzed across income quintiles, looking at income, housing costs, tenure, housing quality, and housing debt. Using Statistics Canada Census micro data, we find that low to mid-income earners faced the fastest relative increase in housing costs between 1991 and 2011, combined with small income gains over that period. Homeowners in the lowest income quintiles seem particularly vulnerable when carrying a mortgage, with economic volatility engendering greater risks of housing market contractions or job loss over time. Whereas previous literature has emphasized housing vulnerability in large metropolitan areas, the results highlight new patterns of risk-laden housing-related vulnerability in resource-driven regions in Canada.

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“…The majority of studies of housing affordability focus on housing cost and its relationship to household income as the sole indicator of affordability (Belsky et al, 2005;Bogdon & Can, 1997;Combs et al, 1994;Linneman & Megbolugbe, 1992;O'Dell et al, 2004;Robinson et al, 2006; U.S. HUD, 2006;Yip & Lau, 2002). The main providers of affordability indexes in the U.S. are real estate institutes and government agencies.…”

Section: Housing Affordabilitymentioning

confidence: 99%

How Affordable Is HUD Affordable Housing?

Hamidi

Ewing

Renne

2016

Housing Policy Debate

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This paper assesses the affordability of HUD rental assistance properties from the standpoint of transportation costs. HUD housing is, by definition, affordable from the standpoint of housing costs due to limits on the amounts renters are required to pay. However, there are no such limitations on transportation costs, and common sense suggests that renters in remote locations may be forced to pay more than 15 percent of income, a nominal affordability standard, for transportation costs. Using household travel models estimated with data from 15 diverse regions around the U.S., we estimated and summed automobile capital costs, automobile operating costs, and transit fare costs for households at more than 18,000 HUD rental assistance properties. The mean percentage of income expended on transportation is 15 percent for households at the high end of the eligible income scale. However, in highly sprawling metropolitan areas, and in suburban areas of more compact metropolitan areas, much higher percentages of households exceed the 15 percent threshold. This suggests that locational characteristics of properties should be considered by HUD when establishing eligibility for rental assistance subsidies.

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Weaknesses in Current Measures of Housing Needs

Cited by 26 publications

References 9 publications

Measuring Young Professionals’ Housing Affordability in Greater Kuala Lumpur

Measuring Young Professionals’ Housing Affordability in Greater Kuala Lumpur

Has the oil boom generated new problems of housing affordability in resource-driven agglomerations in Canada? A case study of St. John’s, Saskatoon, Calgary, Edmonton, and Fort McMurray, 1991–2011

How Affordable Is HUD Affordable Housing?

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