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Correlation of Homeowners Associations and Inferior Property Value Appreciation

Correlation of Homeowners Associations and Inferior Property Value Appreciation

North to south migration in the U.S. and housing developers’ claims of benefits led to exponential growth in neighbourhood homeowners associations during recent decades. Sanctioned by state laws, association rules governing homeowners are usually initiated by developers who claim that the rules protect property values. But the claim is not supported by empirical analysis. Inflation adjusted annual percentage returns in consecutive sales of a sample of 900 most recent home sales in Duval County Florida, Pima County Arizona and St. Louis County Missouri during late 2017 and early-2018 were examined. The results revealed that the annual percentage returns on homes sold in homeowners associations were significantly less than those of homes in other neighbourhoods statistically controlling for property characteristics and prevailing economic conditions at the time of the original purchase. Correlates of home prices at any point in time are not predictive of percentage return from purchase to sale.

17.2.2019 | Leon Robertson | Volume: 6 | Issue: 1 | Pages: 42-50 | 10.13060/23362839.2019.6.1.455
Special issue on Nature-Home-Housing: Greening and Commoning of Urban Space

Nature-Home-Housing: Greening and Commoning of Urban Space

Nature-Home-Housing: Greening and Commoning of Urban Space

Editorial

30.12.2016 | Petr Gibas | Volume: 3 | Issue: 2 | Pages: 13-16 | 10.13060/23362839.2016.3.2.293

The Housing Market Reform Agenda: A Review of a Recent Housing Policy Document in the Netherlands

The Housing Market Reform Agenda: A Review of a Recent Housing Policy Document in the Netherlands

The Dutch Cabinet published its Housing Market Reform Agenda on 17 September 2013. This paper describes the main features of the Agenda and presents an ex-ante evaluation of this policy document. The introduction of a landlord levy is one of the biggest inconsistencies in this Agenda. The Housing Market Reform Agenda is particularly critical of housing associations. There are good reasons to throw away the bath water, but the baby (= the housing association) should be nurtured.

29.1.2014 | Hugo Priemus | Volume: 1 | Issue: 1 | Pages: 9-16 | 10.13060/23362839.2014.1.1.25

Managing the Land Access Paradox in the Urbanizing World

Managing the Land Access Paradox in the Urbanizing World

In the midst of rapid urbanisation and economic growth, the developing world faces challenges in the relationships between land, poverty, and security. Rising social and economic exclusion and insufficient land regulations have spawned an informal housing sector. Given the risk to the broad base of middle- and low-income households in developing countries and the growing demands in urbanising land markets, it is imperative that governments develop a more fine-grained understanding of their land and housing policies.  Local authorities must also begin to consider innovative ways to preserve affordability in a market-responsive way. Community land trusts (CLTs) provide one means of resolving the paradox between formalising land ownership and mitigating exclusion from an increasingly unaffordable land market. CLTs seek to balance private property rights, which are the cornerstone of modern land markets and individual wealth, with the affordability and accessibility needs of the community.

28.1.2014 | Meagan Ehlenz | Volume: 1 | Issue: 1 | Pages: 17-25 | 10.13060/23362839.2014.1.1.26
Copyright 2013 Critical Housing Analysis
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