The Bigpicture: How America's Cities Are Growing
In: The Brookings review, Band 16, Heft 4, S. 8
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In: The Brookings review, Band 16, Heft 4, S. 8
In: Housing policy debate, Band 8, Heft 2, S. 359-408
ISSN: 2152-050X
In: The Brookings review, Band 13, Heft 4, S. 51
In: The Brookings review, Band 12, Heft 3, S. 26
In: Housing policy debate, Band 3, Heft 2, S. 685-745
ISSN: 2152-050X
In: The Brookings review, Band 9, Heft 3, S. 48
In: Housing policy debate, Band 2, Heft 4, S. 1095-1137
ISSN: 2152-050X
In: Housing policy debate, Band 2, Heft 2, S. 439-463
ISSN: 2152-050X
In: The Brookings review, Band 6, Heft 2, S. 23
In: The Brookings review, Band 4, Heft 1, S. 46
In: The annals of the American Academy of Political and Social Science, Band 465, Heft 1, S. 76-85
ISSN: 1552-3349
Is there a rental housing shortage? Not yet, but one may arise soon—especially in fast-growth areas. Rental housing still accommodates over one-third of all U.S. households, with eight out of nine rental units provided by private owners. Yet recent moves of many better-off households to homeownership have shifted the composition of renters toward higher fractions of the poor. Residential rents have lagged behind living costs for 20 years. Even so, investing in rental units has been kept profitable by tax shelter and other factors. Higher real capital costs will weaken most of these factors in the 1980s, while making homeownership more difficult. This will raise demands for rental housing. But developers will not supply much more until rents rise or interest rates fall. Hence rents will soon begin rising rapidly, penalizing the poor. Rent controls would aid them at first but would only aggravate shortages in the long run. A better policy would be letting rents rise enough to motivate developers to build new units, while aiding the poor through a nationwide housing voucher program. This could be paid for by moderately reducing existing tax benefits enjoyed by more affluent homeowners.
In: The annals of the American Academy of Political and Social Science, Band 465, S. 76-85
ISSN: 0002-7162
Rental housing still accommodates over 33% of all US households, with 8 out of 9 rental units privately owned. Yet recent moves of many better-off households to homeownership have shifted the composition of renters toward higher fractions of the poor. Although residential rents have lagged behind living costs for 20 years, investing in rental units has been kept profitable by tax shelter & other factors. Higher real capital costs will weaken most of these factors in the 1980s, while also making homeownership more difficult, which will raise demands for rental housing. Hence, rents will rise rapidly, penalizing the poor. Rent controls might help temporarily, but would aggravate shortages in the long run. A better policy would be to allow rents to rise enough to motivate developers to build new units, & to aid the poor through a nationwide housing voucher program. This could be paid for by moderately reducing existing tax benefits enjoyed by more affluent homeowners. Modified HA.
In: The Brookings review, Band 2, Heft 2, S. 28
In: National civic review: promoting civic engagement and effective local governance for more than 100 years, Band 64, Heft 5, S. 238-248
ISSN: 1542-7811