New working paper and policy brief (with @basquith827 and Davin Reed): “Supply Shock Versus Demand Shock: The Local Effects of New Housing in Low-Income Areas”
Key results below:
1/ This is a controversial topic. Some think that large new apartment buildings (we study 50+ units) in low-income areas increase nearby rents by making the area more attractive to high-income households. Others say buildings will absorb demand, reducing pressure on rents.
Jul 24, 2019 • 5 tweets • 2 min read
Official working paper and policy brief for “The Effect of New Market-Rate Housing Construction on the Low-income Housing Market”
An earlier version made the rounds---this update fleshes it out a bit. Key results:
1/ People frequently move to an area that’s a bit richer/poorer than where they started. This connects the housing submarkets in different neighborhoods, meaning that what happens in one submarket should have some impact on the others.
