The Effect of Algae Blooms on Property Values located on Florida’s Indian River Lagoon
by Cameron DeChurch Abstract Florida’s Indian River Lagoon has algae blooms that devastate ecosystems, water quality, and markets for seafood, recreation, and housing. This study estimates part of their economic impact by examining water quality’s relationship with prices of properties sold near the estuary from 2007 to 2016. Using water quality scores from 0 to […]
Is Affordable Housing Moving Mobile? Analyzing the Impact of COVID-19 on Demand for Manufactured Housing
by Jair Coleridge Soman Alleyne Abstract As demand for affordable housing continues to increase in America, manufactured homes provide a private solution to this problem. Research has shown that manufactured home prices are largely dependent on the price of local housing substitutes as well as other geographic hedonic factors. This paper looks at the impact […]
Is Inclusionary Zoning a Proper Remedy for the Affordable Housing Crisis? —A Case Study of IZ Programs in New Jersey and North Carolina
By Xinchen Li The recent decade witnessed a worsening of the affordable housing crisis across the country. Inclusionary zoning (IZ) has been a popular municipal remedy for the crisis. However, it is unclear whether IZ actually adds to the affordable housing stock, and whether it achieves its goal at the expense of average homeowners. Through […]
The Link between Gentrification and Displacement and the Effects of Displacement on Residents in Los Angeles County
By Ashley Qiang Over the past decades, gentrification has accelerated across the country. Along with this phenomenon comes growing concern about displacement, although limited research has been dedicated to examining gentrification’s impact on displacement. This paper studies the link between gentrification and displacement, as well as who is more likely to be displaced and the […]
The Effect of Minority History on Racial Disparities in the Mortgage Market: A Case Study of Durham and New Haven
By Jisoo Yoon In the aftermath of the housing market crash, the concentration of subprime mortgage loans in minority neighborhoods is a current and long-standing issue. This study investigates the presence of racial disparities in mortgage markets by examining two cities with contrasting histories of African American and Hispanic establishment: Durham, North Carolina and New […]
Race and Pollution Correlation as Predictor of Environmental Injustice
By Marissa Meir Environmental injustice is a theory that claims distributions of toxic, hazardous and dangerous waste facilities are disproportionately located in low-income communities of color. This paper empirically demonstrates an alternative cause of environmental injustice- that low-income minorities are less likely to receive sizeable enough loans to buy a house in a cleaner area. […]
Trailer Park Economics
By Caitlin Gorback In this paper, we explore the various reasons behind the development of the American institution of trailer parks. The first two models arise in equilibrium, the last two respond to housing shocks. Models include “Bad Tenants” in which tenants and landowners contract to protect against bad neighbors, a basic “Capital Constraints model […]
