摘要:

Most of the interest in alternatives to the standard mortgage instrument has centered on the ability of the alternatives to improve on the performance of the mortgage instrument over the business cycle. The focus in this paper is on the long‐term effects on homeownership rates and associated additional residential construction. The instruments are found to offer potentially large increases in homeownership rates by reducing monthly mortgage payments. Widespread adoption of those instruments causing larger payment reductions would allow around one million more households to become owner‐occupants. The demand for new single‐family homes would increase over the long run by 3 to 4 percent a year. Homeownership could be further increased by a time‐limited subsidy directed at moderate income f

ISSN:1080-8620    

DOI:10.1111/1540-6229.00817

出版商:Blackwell Publishing Ltd    

年代:1977

数据来源: WILEY

摘要:

The notion of the “rise of the Sunbelt” and the “decline of the Northeast” has raised the spectre of relentless economic disintegration of the northeastern states and the lure of boundless affluence across the southern and southwestern rim. What is myth and what is reality in these emerging perceptions? This paper reviews the trends of the past fifteen years, and speculates on the possibility of unsettled economic weather in the Sunbelt and valid investment potentials in the Northeast. Alternative future scenarios are suggested in the light of the marked acceleration of the thrusts of change of the last fiv

ISSN:1080-8620    

DOI:10.1111/1540-6229.00818

出版商:Blackwell Publishing Ltd    

年代:1977

数据来源: WILEY

摘要:

This paper provides a framework for considering approaches to the preservation of older neighborhoods. Particular attention is paid to the role of financial institutions in the dynamics of neighborhood change and to public/private collaborative efforts to stem decline. In general, public policie to preserve neighborhoods must be comprehensive in nature and require a variety of tools to take into account the unique aspects of a neighborhood's environment. To create or maintain a stable neighborhood environment, however, there are no alternatives to an overall approach which embodies local governments, the private sector, and private citizens. Any other approach may provide short‐run gains that will not create the dynamics necessary for long‐term stabil

ISSN:1080-8620    

DOI:10.1111/1540-6229.00819

出版商:Blackwell Publishing Ltd    

年代:1977

数据来源: WILEY

摘要:

Intrajurisdictional variations in the effective residential property tax are analyzed for New York City. Significant variation is observed by type of structure, by borough, by income quartiles, and over time. Cross‐sectional regression equations indicate that effective rates tend to vary inversely with income and positively with the proportion of poverty households and building size. Market values, on the other hand, tend to vary inversely with poverty households and building age, and positively with income and building size. Over time, effective tax rates show a strong inverse relationship with the rate of inflatio

ISSN:1080-8620    

DOI:10.1111/1540-6229.00820

出版商:Blackwell Publishing Ltd    

年代:1977

数据来源: WILEY

摘要:

Post‐World War II intrametropolitan dispersion of industry has been well documented in the literature on contemporary suburbanization. There has, however, been no empirical research conducted to determine the effect of the restructured metropolitan economy upon labor force participation rates of suburban residents, especially of suburban married women. The purpose of this study is to fill this research gap. The hypothesis tested is that increased employment opportunities in the suburbs will increase labor force participation of suburban married women,ceteris paribus. The research results show the hypothesized relationship to be correct. The variable developed in this study and used as a proxy for the degree of intrametropolitan industrial dispersion is statistically significant, albeit a bit weak, in explaining intersuburban variation in labor force participation rates of married women, husband present. Other variables (such as median school years completed) included in more traditional non‐spatially oriented labor force behavior models are statistically insignificant in explaining areal variation in participation rates. The findings point up the necessity of recognizing the spatial complexities of the urban econ

ISSN:1080-8620    

DOI:10.1111/1540-6229.00821

出版商:Blackwell Publishing Ltd    

年代:1977

数据来源: WILEY

摘要:

Household mobility data derived from vacancy chain or turnover studies may be used to develop a Markov model of the local housing market. Such a model based on empirical data from the Detroit metropolitan area indicates a strong tendency for households to substantially increase their housing expenditures when they move. This finding is consistent with the filtering model of local housing market dynamics. However, these data do not support the hypothesis that more expensive new housing will produce the greatest number of indirect housing opportunities. New units at every cost level generated about the same total of turnover vacancies. The model also indicates that all types of new construction ultimately have their greatest impact on lower cost housing in established communities.

ISSN:1080-8620    

DOI:10.1111/1540-6229.00822

出版商:Blackwell Publishing Ltd    

年代:1977

数据来源: WILEY