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The Affordability of Adequate Housing

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  • Donald L. Lerman
  • William J. Reeder

Abstract

A “quality‐based” measure of housing affordability problems employing the cost of housing just meeting adequacy standards is proposed as an improvement over the conventional “high” rent‐to‐income criterion. Based on Annual Housing Survey data, affordability difficulties grew between 1975 and 1983 by either measure. The conventional measure, however, overestimated the extent of quality‐based affordability difficulty for renters by 20% in 1975 and 24% in 1983 based upon Section 8 housing quality standards. In addition, 35% of rental households with an affordability problem by the conventional measure did not have an affordability problem by the quality‐based measure, while 19 to 23% of rental households found to have an affordability problem by the quality‐based measure were not so classified using the conventional measure.

Suggested Citation

  • Donald L. Lerman & William J. Reeder, 1987. "The Affordability of Adequate Housing," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 15(4), pages 389-404, December.
    • Handle: RePEc:bla:reesec:v:15:y:1987:i:4:p:389-404
    DOI: 10.1111/1540-6229.00439
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    Citations

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    Cited by:

    1. Andrea Kunnert, 2016. "Housing Affordability in Austria. Tailoring the Ratio Approach in a Simple yet Effective Way," WIFO Working Papers 520, WIFO.
    2. Peter D. Linneman & Isaac F. Megbolugbe, 1992. "Housing Affordability: Myth or Reality?," Urban Studies, Urban Studies Journal Limited, vol. 29(3-4), pages 369-392, May.
    3. Florian PHILIPP, 2015. "Are Housing Markets Decoupled? A Case Study of Residential Real Estate Affordability in Austria," Expert Journal of Business and Management, Sprint Investify, vol. 3(2), pages 129-139.
    4. Gawel, Erik & Sigel, Katja & Bretschneider, Wolfgang, 2011. "Affordability of water supply in Mongolia: Empirical lessons for measuring affordability," UFZ Discussion Papers 9/2011, Helmholtz Centre for Environmental Research (UFZ), Division of Social Sciences (ÖKUS).
    5. Charalambos Pitros, 2014. "UK housing bubble case study analysis: The ‘‘behaviour’’ of UK housing bubbles and the ‘‘affordability’’ parameter," ERES eres2014_4, European Real Estate Society (ERES).
    6. Louis-Francois PAU, 2009. "Enabling Mobile Communications for the Needy: Affordability Methodology, and Approaches to Requalify Universal Service Measures," Informatica Economica, Academy of Economic Studies - Bucharest, Romania, vol. 13(2), pages 128-135.
    7. Philippe Thalmann, 1999. "Identifying Households which Need Housing Assistance," Urban Studies, Urban Studies Journal Limited, vol. 36(11), pages 1933-1947, October.
    8. Pau, L-F., 2008. "Mobile Service Affordability for the Needy, Addiction, and ICT Policy Implications," ERIM Report Series Research in Management ERS-2008-023-LIS, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    9. Nor Suzylah Sohaimi & Alias Abdullah & Syafiee Shuid, 2017. "Housing Affordability and Pathways among Malaysian Young Professionals in Greater Kuala Lumpur," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 7(2), pages 653-665, February.
    10. Lynn M. Fisher & Henry O. Pollakowski & Jeffrey Zabel, 2009. "Amenity‐Based Housing Affordability Indexes," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 37(4), pages 705-746, December.
    11. Andrea Kunnert, 2016. "Housing Affordability in Austria by Age and Year of Move-in. Application of the Residual Income and Tailored Ratio Approach," WIFO Working Papers 521, WIFO.
    12. Filali, Radhouane, 2008. "Analyse des conditions de l'habitat en Tunisie: une approche par la statistique multivariée [Housing condition analysis in Tunisia: A multivariate approach]," MPRA Paper 12196, University Library of Munich, Germany.
    13. Prashant Das & N. Edward Coulson & Alan Ziobrowski, 2019. "Caste, Faith, Gender: Determinants of Homeownership in Urban India," The Journal of Real Estate Finance and Economics, Springer, vol. 59(1), pages 27-55, July.
    14. Andrea Kunnert, 2016. "Leistbarkeit von Wohnen in Österreich. Operationalisierung und demographische Komponenten," WIFO Studies, WIFO, number 58932, April.
    15. Andrew Aurand, 2013. "Does Sprawl Induce Affordable Housing?," Growth and Change, Wiley Blackwell, vol. 44(4), pages 631-649, December.
    16. Thalmann, Philippe, 2003. "'House poor' or simply 'poor'?," Journal of Housing Economics, Elsevier, vol. 12(4), pages 291-317, December.
    17. Li, Keyang & Qin, Yu & Wu, Jing, 2020. "Recent housing affordability in urban China: A comprehensive overview," China Economic Review, Elsevier, vol. 59(C).

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