IDEAS home Printed from https://ideas.repec.org/a/sae/urbstu/v29y1992i3-4p369-392.html
   My bibliography  Save this article

Housing Affordability: Myth or Reality?

Author

Listed:
  • Peter D. Linneman

    (Department of Finance, University of Pennsylvania, Philadelphia, PA 19104, USA)

  • Isaac F. Megbolugbe

    (Department of Finance and Real Estate, The American University, and a Research Associate at the Real Estate Center, Kogod College of Business Administration, 4400 Massachusetts Avenue NW, Washington, DC 20016-8044, USA)

Abstract

No abstract is available for this item.

Suggested Citation

  • 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.
    • Handle: RePEc:sae:urbstu:v:29:y:1992:i:3-4:p:369-392
    DOI: 10.1080/00420989220080491
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1080/00420989220080491
    Download Restriction: no
    File URL: https://libkey.io/10.1080/00420989220080491?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. 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.
    2. Reichert, Alan K, 1990. "The Impact of Interest Rates, Income, and Employment upon Regional Housing Prices," The Journal of Real Estate Finance and Economics, Springer, vol. 3(4), pages 373-391, December.
    3. Quigley, John M., 1989. "Statistical Analysis of Sales Data to Verify Private Appraisals," Berkeley Program on Housing and Urban Policy, Working Paper Series qt1q86n9pn, Berkeley Program on Housing and Urban Policy.
    4. Linneman, Peter, 1980. "Some empirical results on the nature of the hedonic price function for the urban housing market," Journal of Urban Economics, Elsevier, vol. 8(1), pages 47-68, July.
    5. Case, Karl E & Shiller, Robert J, 1989. "The Efficiency of the Market for Single-Family Homes," American Economic Review, American Economic Association, vol. 79(1), pages 125-137, March.
    6. Karl E. Case & Robert J. Shiller, 1988. "The behavior of home buyers in boom and post-boom markets," New England Economic Review, Federal Reserve Bank of Boston, issue Nov, pages 29-46.
    7. John F. Kain & John M. Quigley, 1975. "Housing Markets and Racial Discrimination: A Microeconomic Analysis," NBER Books, National Bureau of Economic Research, Inc, number kain75-1.
    8. Peter Linneman & Susan Wachter, 1989. "The Impacts of Borrowing Constraints on Homeownership," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 17(4), pages 389-402, December.
    9. Case, Bradford & Quigley, John M, 1991. "The Dynamics of Real Estate Prices," The Review of Economics and Statistics, MIT Press, vol. 73(1), pages 50-58, February.
    10. George Fallis, 1990. "Housing Finance and Housing Subsidies in Canada," Urban Studies, Urban Studies Journal Limited, vol. 27(6), pages 877-903, December.
    11. Joseph Gyourko, 1990. "Controlling and Assisting Privately Rented Housing," Urban Studies, Urban Studies Journal Limited, vol. 27(6), pages 785-793, December.
    12. Karl E. Case & Robert J. Shiller, 1987. "Prices of single-family homes since 1970: new indexes for four cities," New England Economic Review, Federal Reserve Bank of Boston, issue Sep, pages 45-56.
    13. Chinloy, Peter, 1991. "Jobs, Location, and Real Estate," The Journal of Real Estate Finance and Economics, Springer, vol. 4(1), pages 33-47, March.
    14. 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.
    15. Gavin A. Wood, 1990. "Housing Finance and Subsidy Systems in Australia," Urban Studies, Urban Studies Journal Limited, vol. 27(6), pages 847-876, December.
    16. Zorn, Peter M., 1988. "An analysis of household mobility and tenure choice: An empirical study of Korea," Journal of Urban Economics, Elsevier, vol. 24(2), pages 113-128, September.
    17. John F. Kain & John M. Quigley, 1975. "Introduction to "Housing Markets and Racial Discrimination: A Microeconomic Analysis"," NBER Chapters, in: Housing Markets and Racial Discrimination: A Microeconomic Analysis, pages 1-8, National Bureau of Economic Research, Inc.
    18. Mahlon R. Straszheim, 1975. "An Econometric Analysis of the Urban Housing Market," NBER Books, National Bureau of Economic Research, Inc, number stra75-1.
    19. Gyourko, Joseph & Linneman, Peter, 1990. "Rent controls and rental housing quality: A note on the effects of New York City's old controls," Journal of Urban Economics, Elsevier, vol. 27(3), pages 398-409, May.
    20. Gyourko, Joseph & Linneman, Peter, 1989. "Equity and efficiency aspects of rent control: An empirical study of New York City," Journal of Urban Economics, Elsevier, vol. 26(1), pages 54-74, July.
    21. Mankiw, N. Gregory & Weil, David N., 1989. "The baby boom, the baby bust, and the housing market," Regional Science and Urban Economics, Elsevier, vol. 19(2), pages 235-258, May.
    22. Christopher A. Manning, 1986. "Intercity Differences in Home Price Appreciation," Journal of Real Estate Research, American Real Estate Society, vol. 1(1), pages 45-66.
    23. Linneman, Peter, 1987. "The effect of rent control on the distribution of income among New York City renters," Journal of Urban Economics, Elsevier, vol. 22(1), pages 14-34, July.
    24. John C. Weicher, 1977. "The Affordability of New Homes," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 5(2), pages 209-226, June.
    25. Hamilton, Bruce W. & Schwab, Robert M., 1985. "Expected appreciation in urban housing markets," Journal of Urban Economics, Elsevier, vol. 18(1), pages 103-118, July.
    26. Stephen Malpezzi, 1990. "Urban Housing and Financial Markets: Some International Comparisons," Urban Studies, Urban Studies Journal Limited, vol. 27(6), pages 971-1022, December.
    27. John F. Kain & John M. Quigley, 1975. "Racial Discrimination in Urban Housing Markets," NBER Chapters, in: Housing Markets and Racial Discrimination: A Microeconomic Analysis, pages 56-91, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yasmine Essafi & Raphaël Languillon & Arnaud Simon, 2017. "The Relation between Aging and Housing Prices A Key Indicator for the French Spatial Wealth Reshaping [La relation Vieillissement-Prix immobiliers : un indicateur clé pour la réorganisation spatial," Working Papers halshs-01654445, HAL.
    2. Ron J. Feldman, 2002. "The affordable housing shortage: considering the problem, causes and solutions," Banking and Policy Studies 2-02, Federal Reserve Bank of Minneapolis.
    3. Saberi, Meead & Wu, Hongzhi & Amoh-Gyimah, Richard & Smith, Jonathan & Arunachalam, Dharmalingam, 2017. "Measuring housing and transportation affordability: A case study of Melbourne, Australia," Journal of Transport Geography, Elsevier, vol. 65(C), pages 134-146.
    4. 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.
    5. Joseph Gyourko & Joseph Tracy, 1999. "A look at real housing prices and incomes: some implications for housing affordability and quality," Economic Policy Review, Federal Reserve Bank of New York, vol. 5(Sep), pages 63-77.
    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. Xiang Cai & Chin-Chang Tsai & Wei-Ning Wu, 2017. "Are They Neck and Neck in the Affordable Housing Policies? A Cross Case Comparison of Three Metropolitan Cities in China," Sustainability, MDPI, vol. 9(4), pages 1-16, April.
    8. Chen, Xi, 2018. "Optimal life cycle mortgage and portfolio choices in the presence of the affordability constraint," Journal of Housing Economics, Elsevier, vol. 39(C), pages 1-16.
    9. Andrea Kunnert, 2016. "Leistbarkeit von Wohnen in Österreich. Operationalisierung und demographische Komponenten," WIFO Studies, WIFO, number 58932.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ghysels, Eric & Plazzi, Alberto & Valkanov, Rossen & Torous, Walter, 2013. "Forecasting Real Estate Prices," Handbook of Economic Forecasting, in: G. Elliott & C. Granger & A. Timmermann (ed.), Handbook of Economic Forecasting, edition 1, volume 2, chapter 0, pages 509-580, Elsevier.
    2. Isaac F. Megbolugbe & Peter D. Linneman, 1993. "Home Ownership," Urban Studies, Urban Studies Journal Limited, vol. 30(4-5), pages 659-682, May.
    3. Chen, Ruoyu & Jiang, Hanchen & Quintero, Luis E., 2023. "Measuring the value of rent stabilization and understanding its implications for racial inequality: Evidence from New York City," Regional Science and Urban Economics, Elsevier, vol. 103(C).
    4. Duca, John V. & Muellbauer, John & Murphy, Anthony, 2010. "Housing markets and the financial crisis of 2007-2009: Lessons for the future," Journal of Financial Stability, Elsevier, vol. 6(4), pages 203-217, December.
    5. Andrejs Skaburskis, 1996. "Race and Tenure in Toronto," Urban Studies, Urban Studies Journal Limited, vol. 33(2), pages 223-252, March.
    6. Joseph T. L. Ooi & Thao T. T. Le, 2012. "New Supply and Price Dynamics in the Singapore Housing Market," Urban Studies, Urban Studies Journal Limited, vol. 49(7), pages 1435-1451, May.
    7. George Galster, 1996. "William Grigsby and the Analysis of Housing Sub-markets and Filtering," Urban Studies, Urban Studies Journal Limited, vol. 33(10), pages 1797-1805, December.
    8. Francis J. Cronin, 1983. "Market Structure and the Price of Housing Services," Urban Studies, Urban Studies Journal Limited, vol. 20(3), pages 365-375, August.
    9. Richard Meese & Nancy Wallace, 2003. "House Price Dynamics and Market Fundamentals: The Parisian Housing Market," Urban Studies, Urban Studies Journal Limited, vol. 40(5-6), pages 1027-1045, May.
    10. Blair Jenkins, 2009. "Rent Control: Do Economists Agree?," Econ Journal Watch, Econ Journal Watch, vol. 6(1), pages 73-112, January.
    11. Stephen Billings & Thomas Thibodeau, 2011. "Intrametropolitan Decentralization: Is Government Structure Capitalized in Residential Property Values?," The Journal of Real Estate Finance and Economics, Springer, vol. 42(4), pages 416-450, May.
    12. Hjalmarsson, Erik & Hjalmarsson, Randi, 2006. "Efficiency In Housing Markets: Do Home Buyers Know How To Discount?," Working Papers in Economics 232, University of Gothenburg, Department of Economics.
    13. Lepinteur, Anthony & Waltl, Sofie R., 2020. "Tracking Owners' Sentiments: Subjective Home Values, Expectations and House Price Dynamics," Department of Economics Working Paper Series 299, WU Vienna University of Economics and Business.
    14. Wu, Guiying Laura & Feng, Qu & Li, Pei, 2015. "Does local governments’ budget deficit push up housing prices in China?," China Economic Review, Elsevier, vol. 35(C), pages 183-196.
    15. Lora, Eduardo & Powell, Andrew, 2011. "A New Way of Monitoring the Quality of Urban Life," IDB Publications (Working Papers) 3806, Inter-American Development Bank.
    16. Karl E Case & John M Quigley & Robert J Shiller, 2003. "Home-buyers, Housing and the Macroeconomy," RBA Annual Conference Volume (Discontinued), in: Anthony Richards & Tim Robinson (ed.),Asset Prices and Monetary Policy, Reserve Bank of Australia.
    17. L. Rachel Ngai & Silvana Tenreyro, 2014. "Hot and Cold Seasons in the Housing Market," American Economic Review, American Economic Association, vol. 104(12), pages 3991-4026, December.
    18. Yuval Arbel & Danny Ben-Shahar & Eyal Sulganik, 2009. "Mean Reversion and Momentum: Another Look at the Price-Volume Correlation in the Real Estate Market," The Journal of Real Estate Finance and Economics, Springer, vol. 39(3), pages 316-335, October.
    19. Denis Conniffe & David Duffy, 1999. "Irish House Price Indices — Methodological Issues," The Economic and Social Review, Economic and Social Studies, vol. 30(4), pages 403-423.
    20. François Ortalo-Magné & Sven Rady, 2006. "Housing Market Dynamics: On the Contribution of Income Shocks and Credit Constraints ," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 73(2), pages 459-485.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:urbstu:v:29:y:1992:i:3-4:p:369-392. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.gla.ac.uk/departments/urbanstudiesjournal .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.