Vulnerability of low-income homeownership in the United States
An analysis based on household liquidity
Bibliographic Data
| ID | 12066741 |
|---|---|
| Authors | Chunhui Ren (0000-0003-1973-6213, University of Cincinnati, corresponding author) |
| Year | 2022 |
| Volume | 46 |
| Issue | 3 |
| Pages | 624-649 |
| Publication date | 2022-07-25 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Urban Affairs (JOURNAL) |
| Journal identifiers | ISSN: 0735-2166 • E-ISSN: 1467-9906 |
| Publisher | Taylor & Francis (PUBLISHER • GB) |
| DOI | 10.1080/07352166.2022.2075751 |
| OpenAlex | W4287837762 |
| Language | EN |
| Citations received | 2 |
| References cited | 75 |
In the United States after the Great Recession, despite growing attention to low-income households’ homeownership vulnerability, the existing works tend to take specific angles and produce only piecemeal evidence. By placing liquid assets’ function of mediating financial hardships in the context of homeownership dynamics, I establish a synthesized conceptual framework. Based on data from the Panel Study of Income Dynamics (PSID), I put this framework to a test and find that liquid assets not only reduce the risk of homeownership exit in general but play a pivotal role in accounting for low-income borrowers’ elevated rates of exit. I discuss policy implications of the findings at the end of the paper
Business · Computer security · Demographic economics · Economics · Low income · Market liquidity · Vulnerability (computing · Financial Literacy, Pension, Retirement Analysis · Housing Market and Economics · Housing, Finance, and Neoliberalism · Finance
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Race for Profit
Housing Policy in the United States
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Foreclosed
Financially Fragile Households
Racial Dynamics of Subprime Mortgage Lending at the Peak
The Effect of Liquid Housing Wealth on College Enrollment
Cities for People, Not for Profit
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The Transition to Home Ownership and the Black-White Wealth Gap
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Compounding Inequalities
Leaving Home and Entering the Housing Market
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| Unique citing works | 2 |
|---|---|
| Citations per year | 1 |
| Citation span | 2024 - 2026 (3) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 1 |