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What to do with vacant and abandoned residential structures? The effects of teardowns and rehabilitations on nearby properties

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  • Rainer vom Hofe
  • Olivier Parent
  • Meghan Grabill

Abstract

In the presented paper, we estimate the impacts of three distinct housing policy interventions to deal with distressed and abandoned residential properties: leaving vacant buildings in their current state, remodeling/rebuilding residential structures, and razing vacant structures. We show that vacant structures negatively impact nearby housing up to 4.1%, but when demolition is followed by complete reconstruction, neighboring housing can be appreciated by as much as 14.1%. In addition, negative spillover effects from foreclosures and vacant buildings are primarily observed in low‐income and middle‐income Census tracts, whereas positive spillover effects generated by remodeling are seen in high‐income Census tracts.

Suggested Citation

  • Rainer vom Hofe & Olivier Parent & Meghan Grabill, 2019. "What to do with vacant and abandoned residential structures? The effects of teardowns and rehabilitations on nearby properties," Journal of Regional Science, Wiley Blackwell, vol. 59(2), pages 228-249, March.
    • Handle: RePEc:bla:jregsc:v:59:y:2019:i:2:p:228-249
    DOI: 10.1111/jors.12413
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    Cited by:

    1. Gary Cornwall & Beau Sauley, 2021. "Indirect effects and causal inference: reconsidering regression discontinuity," Journal of Spatial Econometrics, Springer, vol. 2(1), pages 1-28, December.

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