The Impact of Land Use Restriction on Housing Supply and Urban Form
by Brendan Patrick Elliott Abstract Rising home prices have led to public concern regarding housing affordability and availability. Interest in the role that land use regulations may play in reducing housing availability has been of increasing interest. While many of these regulations were initially implemented to preserve neighborhood character and promote sustainable growth, many contend […]
Subprime’s Long shadow: Understanding subprime lending’s role in the St. Louis vacancy crisis
by Glen David Morgenstern Abstract Using loan-level data, this analysis attempts to connect the events of the subprime home loan boom to the current vacancy crisis in St. Louis, Missouri. Borrowers in Black areas in the north of St. Louis City and St. Louis County received subprime home loans at higher rates during the subprime […]
The Impact of Agglomeration Externalities on Product Innovation Output in Chinese Industrial Firms
By Cindy Feng Agglomeration externalities is defined as the economic benefits from concentrating firms, housing, and output. This study investigates the impact of agglomeration externalities of industrial firms on product innovation output in China. In the research, I specified the impact of agglomeration into three types: Marshallian or localization externalities, defined as the impact of […]
Where You Live and Where You Move: A Cross-City Comparison of the Effects of Gentrification and How these Effects Are Tied to Racial History
By Divya Juneja This thesis compares the effects of gentrification on school and air quality in ten cities to see whether cities with larger amounts of white flight post-World War II exhibited worse gentrification effects on renters. I find that renters in high white flight cities more consistently experience school quality downgrades—likely attributed to […]
Landlords and Evictions: Changes in the Ownership of Multi-Family Rental Properties and Its Impact on Housing Stability in Durham, NC
By Ekim Buyuk This thesis investigates the changes in the ownership of multi-family rental complexes in Durham between 2000 and 2018 and their subsequent impact on housing stability. Specifically, I model and compare the likelihood that an eviction filing is issued by corporate and individual landlords in the periods before and after a transaction. Since […]
Durham and Gentrification: Assessing the Impact of Displacement in the Bull City
By Armin Hakimzadeh Ameri In this paper, I look to Durham, North Carolina, to demonstrate potential harms from gentrification. Using an expansive proprietary dataset, I come to two main conclusions: first, there is a significant link between gentrification and displacement, as low-income renters are constrained by increased prices and are forced to leave their neighborhoods. […]
The Impact of Access to Public Transportation on Residential Property Value: A Comparative Analysis of American Cities
By Moses Snow Wayne This paper develops a consistent model for analyzing the impact of access to public transportation on property value applied to the four cities of Atlanta, Boston, New York, and San Francisco. This study finds a negative relationship between increasing distance to public transit and property value. Additionally, the elicited effects in […]
The Toll of Commuting: The Effects of Commute Time on Well-Being
by M. Thomas Marshall Jr. Abstract When deciding on housing location, people theoretically optimize for the best location given their commute time, housing cost, income, as well as other factors. Stutzer and Frey (2008) suggest that this is not true in some nations, such as in their investigation of Germany, with their results showing that […]
The Impact of Environmental Disamenities on Property Values: Evaluating the Municipal Fringe
By Ryan B. Hoecker This paper analyzes the municipal fringe of cities in Eastern North Carolina between 2006-2016, and how the values of individual properties on the outskirts can fluctuate after they are incorporated within a city. A large portion of the research process consisted of manually recreating annexation ordinances from scanned photocopies on ArcGIS, […]
