The Affordability of Adequate Housing
A "quality-based" measure of housing affordability problems employing the cost of housing just meeting adequacy standards is proposed as an improvement over the conventional "high" rent-to-income criterion. Based on "Annual Housing Survey" data, affordability difficulties grew between 1975 and 1983 by either measure. The conventional measure, however, overestimated the extent of quality-based affordability difficulty for renters by 20% in 1975 and 24% in 1983 based upon Section 8 housing quality standards. In addition, 35% of rental households with an affordability problem by the conventional measure did not have an affordability problem by the quality-based measure, while 19 to 23% of rental households found to have an affordability problem by the quality-based measure were not so classified using the conventional measure. Copyright American Real Estate and Urban Economics Association.
Year of publication: |
1987
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Authors: | Lerman, Donald L. ; Reeder, William J. |
Published in: |
Real Estate Economics. - American Real Estate and Urban Economics Association - AREUEA. - Vol. 15.1987, 4, p. 389-404
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Publisher: |
American Real Estate and Urban Economics Association - AREUEA |
Saved in:
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