Housing policies in many countries have become more market orientated as the role of governments has shifted from the direct supply and funding of non-market housing towards the role of a regulator and facilitator. Central to this development is the notion that providers of social housing have to become more competitive. Arguably, these social housing changes have important implications for the...

This paper studies different housing market arrangements in an intertemporal pure consumption economy, consisting of a desirable and an undesirable housing location. Economic agents are heterogenous with respect to the utility premium they derive from living in the desirable location. This utility premium, or match, is drawn independently in every period, and also the popularity ranking of the ...

The decision of whether to rent or own a home should involve an evaluation of the relative risks and the relative costs of the two options. It is often assumed that renting is less risky than homeownership, but that is not always the case. Which option is riskier depends on the risk source and household characteristics. This article provides a framework for understanding the sources of risk for...

Housing is an important component of the consumption basket. Since both rental prices and goods prices are sticky, the literature suggests that optimal monetary policy should stabilize both types of prices, with the optimal weight on rental inflation proportional to the housing expenditure share. In a two-sector DSGE model with sticky rental prices and goods prices, however, we find that the op...

BACKGROUND Housing is a key determinant of the poor health of Aboriginal Australians. Most Aboriginal people live in cities and large towns, yet research into housing conditions has largely focused on those living in remote areas. This paper measures the prevalence of housing problems amongst participants in a study of urban Aboriginal families in New South Wales, Australia, and examines the re...

This paper describes a prototype spatial decision support system (SDSS) designed to assist Housing Choice Voucher Program clients, with the guidance of housing counselors, make better quality decisions about neighborhoods in which to search for rental housing and specific rental units to evaluate for occupancy. This application also serves as a marketing tool for public housing authorities (PHA...

The privatization of social housing transformed many transitional countries in Central and Eastern Europe into societies with predominant home ownership and a marginalized rental sector. The relevant question arising from the current housing situation in these countries is whether the current tenure structure is sustainable in the long run (Mandič, 2000). The answer is probably negative since t...

By enabling low-income families to move from highto low-poverty neighbourhoods, tenant-based rental subsidies for poor families have the potential to reduce the degree of economic segregation in the US. This paper provides a framework for identifying the beneŽts and costs of such housing mobility programmes, and reviews the available empirical evidence on the net effects of quasior formal rando...

Abstract We use a large repeated cross-section of properties to estimate a selection model of the supply of owner-occupied and rental housing. We find that physical characteristics and unobserved quality and not location are important for selection. We interpret this as strong evidence in favor of contracting frictions in the rental market relating to maintenance and modification of physical ho...