Irrational market : facts and fiction behind affordable housing in the San Francisco Bay Area
Name
51894894-MIT.pdf
Description
Full printable version
Size
7.41 MB
Format
Adobe PDF
Checksum (MD5)
c2a5af42feb7c9c6c40a7d2cd89593a7
Author(s)
Weinstein, Emily R. (Emily Rebecca), 1975-
Advisor(s)
Henry O. Pollakowski.
Date Issued
2002
Publisher
Massachusetts Institute of Technology
Abstract
This thesis explores the belief that affordable housing has a negative impact on surrounding housing values. Currently, the San Francisco Bay Area is experiencing a housing shortage. The results of this housing crunch are most acutely felt by low income families who can no longer afford to live in the region. The housing shortage also threatens to undermine the economic competitiveness of the San Francisco Bay Area as it becomes increasingly difficult for employers to attract employees due the area's high cost of living. In order to solve the housing shortage, affordable housing needs to be developed on a regional scale, in both urban and suburban areas. However, affordable housing developers often face extreme opposition to new developments. The most common argument against affordable housing is the belief that housing for low income families will lead to property and neighborhood degradation, resulting in decreased housing values. Through a rigorous quantitative analysis this thesis argues that the introduction of an affordable housing development into a neighborhood does not reduce surrounding housing sales prices.
Description
Thesis (S.M. and M.C.P.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 2002.
Includes bibliographical references (leaves 90-93).
Subjects
Urban Studies and Planning.
MIT Department
Massachusetts Institute of Technology. Department of Urban Studies and Planning
Terms of Use
M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission.
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