Hedonic Modeling of Singapore’s Resale Public Housing Market
By Jiakun Xu The large-scale, high-density public housing market in Singapore invites hedonic analysis, due to its homogeneity in structure quality across all neighborhoods. This paper builds a time-dummy hedonic regression model incorporating geospatial features for a large dataset of resale transactions from 2000 to 2016. Significant anticipatory price effects are found for new subway […]
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 […]
Manufactured Housing Securitization
By Renan Cunha Through prices of manufactured homes rose in the 2000’s, demand fell dramatically because of the boom in the stick-built housing market. One of the stated goals of securitization is to increase the supply of credit and decrease the cost of lending to make borrowing accessible to more homeowners. This paper will study […]
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. […]
Economic Racism: A Look at Rental Prices in 1930
By Basel Fakhoury The Great Migration caused massive demographic changes in Northeastern and Midwestern cities as African Americans moved from the South to the North. These changes led to economic discrimination and segregation within northern cities. This paper compares African American and white rental prices in four major cities: Chicago, Detroit, New York City, and […]
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 […]
