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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
Housing Financialisation and Families

The Ongoing Role of Family in the Provision of Housing in Greece during the Greek Crisis

The Ongoing Role of Family in the Provision of Housing in Greece during the Greek Crisis

The importance of the institution of family in housing practices has deep historical roots in Greece, and families tend to follow certain housing strategies such as late emancipation from the parental home, intergenerational house transfers and financial support for housing. Providing and maintaining a housing solution for young members is one of the top worries in this geographical region, and it is relieved via intergenerational micro-solidarities. Moreover, today’s crisis and austerity are threatening, through indirect budgetary cuts and rising taxation, the housing well-being of the citizenry which is supported only by family welfare. Nonetheless, the family still constitutes the main shock absorber of social and economic turbulence, but at what price?

6.12.2018 | Myrto Dagkouli - Kyriakoglou | Volume: 5 | Issue: 2 | Pages: 35-45 | 10.13060/23362839.2018.5.2.441
Social Housing after the GFC: Further Evidence

The Provision of Socially Minded Housing in Cyprus: Examining Historical References and Addressing Recent Challenges from an Architectural Perspective

The Provision of Socially Minded Housing in Cyprus: Examining Historical References and Addressing Recent Challenges from an Architectural Perspective

The purpose of this paper is to examine the recent challenges faced by stakeholders concerned with providing socially minded housing in Cyprus in view of the increased need for affordable housing in the five years after the financial crisis, which hit Cyprus in the spring of 2013 and impacted households. The demand was exacerbated by the influx of immigrants from South-eastern Europe, the Middle East, and North Africa in the same period. The paper discusses these challenges by examining the historical context of providing socially minded housing in Cyprus since the first institutional attempts were made in the years following the Second World War. The paper also presents some case studies, which are illustrated with design proposals that are the results of research in design by students and staff in the Department of Architecture of the University of Cyprus.

21.12.2017 | Andreas Savvides | Volume: 4 | Issue: 2 | Pages: 84-98 | 10.13060/23362839.2017.4.2.389
Social Housing after the GFC: New Trends across Europe

Social Housing in England: Affordable vs ''Affordable''

Social housing in England: Affordable vs ''Affordable''England''s increasing housing affordability problem, widely described as a ''housing crisis'', has become a major public and political concern in recent years. The proportion of social housing has been shrinking for 40 years but there is no political appetite—at least under the current government—to reverse this. Policies are instead addressed at making some private housing more affordable and at increasing access to owner occupation by allowing more social tenants to buy their homes. The government has increased its control over the financial affairs of social landlords, who are responding by concentrating on those areas of activity where control is less stringent.
27.6.2017 | Kathleen Scanlon | Volume: 4 | Issue: 1 | Pages: 21-30 | 10.13060/23362839.2017.4.1.321
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

Imposing Tenure Mix on Residential Neighbourhoods: A Review of Actions to Address Unfinished Housing Estates in the Republic of Ireland

Imposing Tenure Mix on Residential Neighbourhoods: A Review of Actions to Address Unfinished Housing Estates in the Republic of Ireland

The ‘Celtic Tiger’ years (1995-2007) saw prosperous economic growth in the Republic of Ireland and an intense period of housing construction and urban development. In 2008 Ireland entered into recession, which resulted in a collapse of the property market and the construction industry. This collapse left just over 2,000 housing developments unfinished across the country. Since 2008, the Irish Government, in conjunction with local authorities, has been developing strategies and plans to finalise these unfinished estates. This paper reports on the current practices for resolving issues in unfinished housing estates in the Republic of Ireland, with a particular focus on the plans to utilise empty housing for social housing purposes. The paper critiques the ways in which this imposed tenure mix can potentially threaten housing policy objectives for sustainable and balanced communities. It is the contention of this paper that this housing practice needs urgent review.

28.6.2014 | Therese Kenna, Michael O'Sullivan | Volume: 1 | Issue: 2 | Pages: 53-62 | 10.13060/23362839.2014.1.2.115

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

The Development of New-Style Public Rental Housing in Shanghai

The Development of New-Style Public Rental Housing in Shanghai

This paper studies the roles of the new-style PRH (public rental housing) programme in Shanghai’s socio-spatial dynamics. It shows that the development of PRH in Shanghai is mainly a result of a deliberate urban development policy in line with other strategies such as city marketing and gentrification. The analysis is augmented with data from a questionnaire survey of PRH tenants in Shanghai. Finally, this paper identifies challenges for the future development of the public rental housing sector in China.

27.1.2014 | Jie Chen | Volume: 1 | Issue: 1 | Pages: 26-34 | 10.13060/23362839.2014.1.1.27
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