Low-income housing in high-amenity areas: Long-run impacts on residential development
AbstractCentre-left governments from the 1940s into the 1970s developed several large areas in the urban fringe of Dunedin, New Zealand for low-density, mostly single-family public rental housing. The public housing in these areas is now accessible, well endowed with natural amenities, and allocated to very low-income households. Analysis of sales of private housing reveals the expected discount on sales of nearby houses. But analysis of the influence of spatial variation in natural amenities on incomes and structural characteristics indicates large-scale effects of the public housing developments: diversion of higher-income housing to other suburban areas and possibly maintenance of older high-quality housing in central areas. Interestingly, centre-right governments may have opened the door to market forces by encouraging tenants to purchase their public rental house. We find evidence that the recent increase in house prices has encouraged relatively high income households to purchase exstate rentals in these high natural amenity areas.
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Bibliographic InfoPaper provided by University of Otago, Department of Economics in its series Working Papers with number 1115.
Length: 38 pages
Date of creation: Dec 2011
Date of revision: Dec 2011
foreign aid; poverty; well-being; growth; wealth; health; education; mortality; fertility;
Find related papers by JEL classification:
- R31 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Housing Supply and Markets
- R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population
- I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
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