Housing Prices and Real Investment: Collateral vs. Crowding-Out Effects

2021 ◽  
Author(s):  
Deeksha Gupta ◽  
Itay Goldstein
Keyword(s):  
Housing Prices ◽  
Crowding Out ◽  
Real Investment

A Rising Tide Drowns Unstable Boats: How Inequality Creates Homelessness

2021 ◽  
Vol 693 (1) ◽  
pp. 28-45
Author(s):  
Thomas H. Byrne ◽  
Benjamin F. Henwood ◽  
Anthony W. Orlando
Keyword(s):  
Income Inequality ◽  
Low Income ◽  
Housing Prices ◽  
Community Level ◽  
Crowding Out ◽  
Rental Market ◽  
Home Prices ◽  
Collateral Effect ◽  
Local Policies ◽  
Low Income Households

Is income inequality a driver of homelessness at the community level? We theorize that inequality affects homelessness both by crowding out low-income households from the rental market (what we call an “income channel”) and by causing home prices to rise (a “price channel”). We construct a dataset of information on inequality, homelessness, rent burden, and housing prices in 239 communities from 2007 to 2018 and use it to assess the income inequality–homelessness relationship. Our results suggest that income inequality is a significant driver of community homelessness and that the “income channel” is the more likely mechanism through which homelessness is created. We argue that broader policy efforts to reduce income inequality are likely to have the collateral effect of reducing homelessness, and we discuss the need for national and local policies to help low-income households afford housing.

Housing Inflation: Policy Guidelines from Shariah Perspective

2019 ◽  
Vol 16 (1) ◽  
pp. 70-81
Author(s):  
Azrul Azlan Iskandar Mirza ◽  
Asmaddy Haris ◽  
Ainulashikin Marzuki ◽  
Ummi Salwa Ahmad Bustamam ◽  
Hamdi Hakiem Mudasir ◽  
...  
Keyword(s):  
Content Analysis ◽  
Housing Prices ◽  
Construction Materials ◽  
Housing Price ◽  
Developed Countries ◽  
Control Element ◽  
Recent Issue ◽  
Analysis Methodology ◽  
The Government ◽  
Developing And Developed Countries

The soaring housing prices in Malaysia is not a recent issue. It is a global phenomenon especially in developing and developed countries, driven by factors including land price, location, construction materials cost, demand, and speculation. This issue demands immediate attention as it affects the younger generation, most of whom could not afford to buy their own house. The government has taken many initiatives and introduced regulations to ensure that housing prices are within the affordable range. This article aims to introduce a housing price control element from the Shariah perspective, as an alternative solution for all parties involved in this issue. It adopts content analysis methodology on policy from Shariah approved sources.

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