Corporate investors and the housing affordability crisis

Having wall street as your landlord

Bibliographic Data

ID2825075
AuthorsCarol Camp Yeakey (0000-0001-5994-9059, Interdisciplinary Program in Urban Studies, Center on Urban Research and Public Policy, Faculty of Arts and Sciences Washington University in St. Louis St. Louis Missouri USA, corresponding author)
Year2024
Volume83
Issue2
Pages493-510
Publication date2024-03-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueAmerican Journal of Economics and Sociology (JOURNAL)
Journal identifiersISSN: 0002-9246 • E-ISSN: 1536-7150
PublisherWiley (PUBLISHER • GB)
DOI10.1111/ajes.12556
OpenAlexW4390673361
LanguageEN
Citations received3
References cited25

Given the importance of housing affordability to one's social class standing, one's ability to afford decent, secure housing is not only important on an individual level, but impacts intergenerational im/mobility as well. The purpose of this research is threefold. First, it examines the recent trend in bulk housing purchases by corporate investors who turn those purchases into single family rental properties. In so doing, it discusses the implications for the population in general, but for marginalized population in perticular, that is, persons of color and those inthe lower socioeconomic strata of society. Second, this research examines a closely related housing phenomenon, condominium deconversion, where corporate investors purchase privately owned condominiums in bulk who turn them into rental units. Third, summary analysis and suggestions for future research as well as legislative and policy proposals to offset housing affordability conclude this research

Business · Economic growth · Economics · Financialization · Labour economics · Landlord · Legislature · Political science · Population · Renting · Sociology · Finance · Housing Market and Economics · Housing, Finance, and Neoliberalism · Law · Urban, Neighborhood, and Segregation Studies

Tools

Open DOIOpen Access