Geography and Consumer Protection: Housing Market Response to Earthquake Hazards Disclosure

1985 ◽  
Vol 25 (1) ◽  
pp. 63-73 ◽  
Author(s):  
Risa Palm
Keyword(s):  
Housing Market ◽  
Consumer Protection ◽  
Market Response ◽  
Earthquake Hazards

Viewscapes and Flood Hazard: Coastal Housing Market Response to Amenities and Risk

2008 ◽  
Vol 84 (3) ◽  
pp. 434-448 ◽  
Author(s):  
O. Bin ◽  
T. W. Crawford ◽  
J. B. Kruse ◽  
C. E. Landry
Keyword(s):  
Housing Market ◽  
Flood Hazard ◽  
Market Response

‘Near miss’ housing market response to the 2012 northern Italy earthquake: The role of housing quality and risk perception

Urban Studies ◽  
2020 ◽  
pp. 004209802094349
Author(s):  
Marco Modica ◽  
Roberto Zoboli ◽  
Fabrizio Meroni ◽  
Vera Pessina ◽  
Thea Squarcina ◽  
...  
Keyword(s):  
Risk Perception ◽  
Housing Market ◽  
Risk Perceptions ◽  
Northern Italy ◽  
Housing Quality ◽  
Near Miss ◽  
Effective Capacity ◽  
Market Response ◽  
Subjective Perception ◽  
Damage Scenario

This paper examines the housing market response to the earthquake that hit northern Italy in May 2012. The available literature shows that the average price of houses decreases after a disaster because of the potential underestimation of disaster risk by households, or because of a higher risk perception in reaction to the unforeseen emergency. The physical assessment of the earthquake damage scenario provided in this paper (the so-called macro-seismic approach), combined with a difference-in-difference model with a multi-valued treatment, is able to extrapolate indirect information on the subjective perception of risk. We provide evidence that differences in costs and risk perceptions of the earthquake arise at high levels of damage. Furthermore, we also provide evidence that building characteristics, as well as the state of maintenance of houses, play a relevant role for subjective risk assessment, even though this assessment may be not related to the effective capacity of the buildings to resist earthquakes.

Rental Fictions

2021 ◽  
pp. 124-143
Author(s):  
Benjamin F. Teresa
Keyword(s):  
New York ◽  
Twentieth Century ◽  
New York City ◽  
Housing Market ◽  
Financial Institutions ◽  
Consumer Protection ◽  
York City ◽  
Lower Income ◽  
Market Liberalization ◽  
Growth Sector

This chapter begins with a review of twentieth-century rent regulation in New York City, which enables the section to show how the erosion of rent regulation in the 1990s paved the way for the financialization of housing in the 2000s. It shows how historically devalued lands can become new sources of profit without requiring wholesale regulatory transformation. While protective countermovements against housing market liberalization have tended to operate through an individualistic logic of consumer protection, the chapter explicates how such efforts have tacitly accepted commodity housing as an inevitable future, with the result that speculative investment in rent-regulated housing has emerged as a major growth sector. Parallel fictions of “undervalued assets” focused on core, upmarket Manhattan districts and “mismanaged assets” focused on lower-income, mostly outer-borough neighborhoods have helped financial institutions engineer the facts of rising rent. Ultimately, the chapter investigates how these narratives of undervalued assets and mismanaged resources operate as fictions driving housing financialization.

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