This Article Full Text (PDF) References Alert me when this article is cited Alert me if a correction is posted Services Email this article to a friend Similar articles in this journal Alert me to new issues of the journal Add to Saved Citations Download to citation manager Add to My Marked Citations Citing Articles Citing Articles via HighWire Citing Articles via Google Scholar Google Scholar Articles by Strassmann, W. P. Search for Related Content Social Bookmarking                   What's this?

Mobility and Affordability in US Housing

Department of Economics, Michigan State University, East Lansing, MI 48824-1038, USA, strassma{at}pilot.msu.edu

In the US, affordability is changed by some housing policies that are set nationally and by others set locally. Since interventions tend to change rents and prices from market equilibrium levels, they usually lower the volume of transactions, hence mobility. Upon close examination, however, data from the 25 largest US cities do not support the (negative) association of mobility with intervention as strongly as do data comparing different countries with one another. National intervention affects cities uniformly; and local intervention, while important, is usually outweighed by other factors in the US. What matter most are the economic fortunes of particular industries that spur the growth of some cities and hold back others. The more households proliferate or migrate in, the more will a city develop new neighbourhoods and generate chains of moves or turnover of the entire housing stock. Variations in growth rates thus dominate differences in the degree of intervention as spurs or blocks to mobility.

CiteULike    Connotea    Del.icio.us    Digg    Reddit    Technorati    What's this?

This article has been cited by other articles:

				J. A. Visser Understanding Local Government Cooperation in Urban Regions: Toward a Cultural Model of Interlocal Relations The American Review of Public Administration, March 1, 2002; 32(1): 40 - 65. [Abstract] [PDF]