Author: C. Peter Rydell Publisher: ISBN: Category : Business & Economics Languages : en Pages : 638
Book Description
Two contrasting methods of subsidizing existing housing are "housing allowances," which rely on the discipline of the market to control price increases, and "Section 8 assistance," which uses institutional regulations to control them. Contrary to preprogram predictions, evidence from actual program operations shows that the market outperforms regulation. Housing allowances cause a 2 percent increase, while Section 8 assistance causes a 26 percent increase, in the price of participants' housing. The Section 8 price increases mean that a substantial portion of the federal subsidy is diverted from participants to their landlords. To prevent that diversion, the Section 8 rules could be revised as follows: structure the subsidy so tenants pay the marginal rent dollar; pay the subsidy directly to tenants so they know they pay the marginal rent dollar; and remove the rent ceiling so it can no longer act as a rent target.
Author: C. Peter Rydell Publisher: ISBN: Category : Business & Economics Languages : en Pages : 92
Book Description
The Housing Assistance Supply Experiment (HASE) was undertaken primarily to demonstrate how a full-scale housing allowance program would affect local housing markets; in particular, how it would affect the price of housing services. If program-induced price increases were large, they would disrupt the housing market and divert program subsidies from their intended recipients. In the outcome, however, price effects caused by the experimental program were so small as to be negligible. Section II examines the changes in the price of rental housing services that occurred in the experimental sites during the first three years of the allowance program. Section III determines that the allowance program had such a small effect on housing prices because it caused only a modest increase in housing demand and because housing supply responds to demand shifts with surprising ease. Section IV assesses the generalizability of the price effects found in the HASE sites, and discusses ways in which the results improve the understanding of housing-market behavior.
Author: Ray Rist Publisher: Routledge ISBN: 1351319825 Category : Political Science Languages : en Pages : 758
Book Description
The sixth edition of this annual collection of the year's best work in policy studies. Contributions in this volume reflect the increased emphasis on budget conscious and carefully targeted social programmes. Exemplifying a range of analytic and methodological strategies, this edition features studies from Australia, the United States, West Germany, and Great Britain.
Author: C. Peter Rydell Publisher: ISBN: Category : Business & Economics Languages : en Pages : 84
Book Description
Analyzes the price elasticity of the supply of rental housing services, defined as the percentage increase in supply associated with a one percent increase in price. The purpose of the report is to predict the price changes associated with supply responses to shifts in demand. Section II analyzes each component of supply response separately. It presents price elasticities for the repair, inventory, and occupancy responses to demand shifts. It reviews the literature on all three and offers new estimates for the second and third (the estimates are based on the analysis of Annual Housing Survey data from the U.S. Census Bureau reported in Appendix B). Section III combines the three individual supply elasticities into a composite elasticity. It accomplishes the integration using a model of housing-market responses to demand shifts presented in Appendix C. The model was built during the Housing Assistance Supply Experiment to explain the housing market's response to demand shifts caused by an experimental housing allowance program.
Author: C. Peter Rydell
Author: Rand Corporation
Author: C. Peter Rydell
Author: Martin D. Levine
Author: Ray Rist
Author: 
Author: Martin D. Levine
Author: C. Lance Barnett
Author: C. Peter Rydell
Author: C. Peter Rydell