Urban Growth and Housing Affordability: The Conflict

被引:12
|
作者
Voith, Richard P. [1 ]
Wachter, Susan M. [2 ]
机构
[1] Fed Reserve Bank Philadelphia, Philadelphia, PA USA
[2] Univ Penn, Wharton Sch, Philadelphia, PA 19104 USA
来源
ANNALS OF THE AMERICAN ACADEMY OF POLITICAL AND SOCIAL SCIENCE | 2009年 / 626卷
关键词
affordability; home prices; cap rates; rents; urban growth; urban decline; housing;
D O I
10.1177/0002716209344839
中图分类号
D0 [政治学、政治理论];
学科分类号
0302 ; 030201 ;
摘要
This article addresses the potential conflict between urban growth and housing affordability. The pervasive urban decline of the past, in which two-thirds of America's thirty largest cities as of 1970 declined in population, has been replaced with urban growth. Two-thirds of these same cities have since resumed growing, but affordability challenges arise in many newly growing cities. The authors address the forces, both internal and external, driving urban "turnarounds" and the potential consequences for housing affordability.
引用
收藏
页码:112 / 131
页数:20
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