- New apartment buildings in low-income areas lead to lower rents in nearby housing units. This runs contrary to popular claims that new market-rate housing causes an uptick in rents and leads to the displacement of low-income people. https://doi.org/10.1162/rest_a_01055 62 comments science
- The construction of large new apartment buildings in low-income areas leads to a reduction in rents in nearby units. This is contrary to some gentrification rhetoric which claims that new housing construction brings in affluent people and displaces low-income people through hikes in rent. https://direct.mit.edu/rest/article/doi/10.1162/rest_a_01055/100977/local-effects-of-large-new-apartment-buildings-in 489 comments science
Linking pages
- The Real Villain in the Gentrification Story - The Atlantic https://www.theatlantic.com/ideas/archive/2022/06/gentrification-nimby-homeowners-affordable-housing/661288/ 32 comments
- The case for parking reform - by Matthew Yglesias https://www.slowboring.com/p/the-case-for-parking-reform 1 comment
- New Developments Lower Rents in Surrounding Neighborhoods, Study Says | Planetizen News https://www.planetizen.com/news/2021/05/113269-new-developments-lower-rents-surrounding-neighborhoods-study-says 0 comments
Related searches:
Search whole site: site:direct.mit.edu
Search title: Local Effects of Large New Apartment Buildings in Low-Income Areas | The Review of Economics and Statistics | MIT Press
See how to search.