Cyclical Housing Markets and Homelessness
Bibliographic Data
| ID | 2803031 |
|---|---|
| Authors | Fred Harrison (corresponding author) |
| Year | 2020 |
| Volume | 79 |
| Issue | 2 |
| Pages | 591-612 |
| Publication date | 2020-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | American Journal of Economics and Sociology (JOURNAL) |
| Journal identifiers | ISSN: 0002-9246 • E-ISSN: 1536-7150 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/ajes.12322 |
| OpenAlex | W3017122214 |
| Language | EN |
| Citations received | 6 |
| References cited | 4 |
The fundamental explanation of homelessness has eluded governments that claim to operate with "evidence-based policies." The underlying cause of most homelessness is inherent in land markets, which are subject to wide swings of speculative manias followed by debilitating depressions. Rather than seeking to rectify the economic roots of homelessness by altering the tax treatment of real estate, governments focus on ameliorative strategies that are destined to fail. Cycles of boom and bust in land markets have persisted since the 19th century. They exacerbate homelessness by pricing low-income renters out of the market during the upswing, as land prices rise, and by generating massive foreclosures and evictions during the downswing. The most important action government could take to remedy the problem of homelessness is to devise policies to dampen the swings in land prices
Action (physics) · Boom · Bust · Development economics · Economic growth · Economic policy · Economics · Government (linguistics) · Market economy · Poverty · Real estate · Finance · Housing Market and Economics · Housing, Finance, and Neoliberalism · Urban, Neighborhood, and Segregation Studies
| Unique citing works | 6 |
|---|---|
| Citations per year | 1 |
| Citation span | 2020 - 2023 (4) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 6 |