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Inflation, New Homeowners and Downgrading in the 1970s

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Listed:
  • Thomas K. Rudel

    (Department of Human Ecology, Rutgers University, New Brunswick, New Jersey)

  • Alan Neaigus

    (Department of Human Ecology, Rutgers University, New Brunswick, New Jersey)

Abstract

This paper uses data from four successive Annual Housing Surveys, 1974 to 1977, to assess the degree to which households moving from rented to owner occupied housing responded to housing price inflation by purchasing smaller, more delapidated units in less choice locations. The data indicate that, while the size of the structures acquired by new homeowners declined, the quality of these structures and the surrounding neighborhoods did not change. Regression analyses suggest that the prospective homeowners' deteriorating economic position had a significant effect on the size of the homes which they purchased.

Suggested Citation

  • Thomas K. Rudel & Alan Neaigus, 1984. "Inflation, New Homeowners and Downgrading in the 1970s," Urban Studies, Urban Studies Journal Limited, vol. 21(2), pages 129-138, May.
    • Handle: RePEc:sae:urbstu:v:21:y:1984:i:2:p:129-138
    DOI: 10.1080/00420988420080291
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    References listed on IDEAS

    as
    1. Thomas P. Boehm & Joseph A. McKenzie, 1982. "Inflation, Taxes, and the Demand For Housing," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 10(1), pages 25-38, March.
    2. Keith Ray Ihlanfeldt, 1980. "An Intertemporal Empirical Analysis of the Renter's Decision to Purchase a Home," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 8(2), pages 180-197, June.
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