The Role of Copulas in the Housing Crisis

2012 ◽  
Vol 94 (2) ◽  
pp. 607-620 ◽  
Author(s):  
David M. Zimmer
Keyword(s):  
Housing Crisis

Theatricalizing the National Housing Crisis in Mike Bartlett’s Game and Philip Ridley’s Radiant Vermin

2018 ◽  
Vol 6 (1) ◽  
pp. 55-68
Author(s):  
William C. Boles
Keyword(s):  
Great Britain ◽  
Great Recession ◽  
Status Quo ◽  
Housing Crisis ◽  
National Crisis ◽  
The Great Recession ◽  
The Status ◽  
Verbatim Theatre ◽  
Great Game

AbstractSince the start of the new millennia, the words ‘national crisis’ have not been far removed from many of the plays on the British stage. The aftermath of 9/11 and the British government’s decision to aid George Bush’s Middle East invasion plans sparked plays by David Hare, Roy Williams, and the Tricycle Theatre’s The Great Game as well as verbatim theatre pieces. The Great Recession unleashed works by David Hare (again), Laura Wade, and Lucy Prebble, among others. The increasing threats of floods across Great Britain and Europe placed the crisis of climate change front and centre in plays by Mike Bartlett and Steve Waters. The housing crisis, while not as provocative a theatrical topic as the ones above, has also inspired theatrical responses, including Mike Bartlett’s Game and Philip Ridley’s Radiant Vermin, and these two works are the focus of my paper. More specifically, I will examine each playwright’s focus on the role of the homeless in regards to the housing crisis. Interestingly, both playwrights posit that the victimization of the homeless is the crucial solution to not only solving the housing crisis in Britain, but also maintaining the status quo of Britain’s affluent population.

Housing Disinvestment and Crime in a Phoenix Suburb: Exploring the Differential Effects of Investors and Owner-Occupants

2016 ◽  
Vol 54 (1) ◽  
pp. 190-224 ◽  
Author(s):  
Alyssa W. Chamberlain ◽  
Danielle Wallace ◽  
Deirdre Pfeiffer ◽  
Janne Gaub
Keyword(s):  
Large Scale ◽  
Property Crime ◽  
Crime Rates ◽  
Housing Crisis ◽  
Short Term ◽  
Sociodemographic Data ◽  
Combining Data ◽  
Home Sales ◽  
The Impact

External investment in neighborhoods can inhibit crime. However, during the housing crisis, many investors were foreclosed upon, triggering large-scale community disinvestment. Yet the impact of this type of disinvestment on crime is currently unknown. Combining data on crime incidents with foreclosure, home sales, and sociodemographic data, this research assesses whether the foreclosure of properties owned by investors has an effect on crime in neighborhoods in Chandler, Arizona, a suburb in the heavily affected Phoenix region. Neighborhoods with a greater proportion of foreclosures on investors (FOIs) have higher total and property crime rates in the short term. In Hispanic neighborhoods, a greater proportion of FOIs result in lower rates of crime. Results suggest that neighborhood stabilization efforts should consider the role of investors in driving short-term crime rates, and that police and code enforcement strategies might prioritize neighborhoods with a high proportion of investor foreclosures.

scholarly journals Beyond the post-industrial city: Valuing and planning for industry in London

Urban Studies ◽  
2016 ◽  
Vol 54 (14) ◽  
pp. 3380-3398 ◽  
Author(s):  
Jessica Ferm ◽  
Edward Jones
Keyword(s):  
Policy Framework ◽  
Housing Crisis ◽  
Critical Research ◽  
Industrial City ◽  
Advanced Economies ◽  
Industrial Use ◽  
The Difference ◽  
Post Industrial ◽  
The City

This paper examines the challenges that planners face if industry is to survive and thrive in a growing ‘post-industrial’ city. It examines London, where the difference between the value of land for residential and industrial use, and the pressure to address the housing crisis, is leading to the rapid loss of industrial land and premises. The paper first explores the role of industry in a high-value city such as London, arguing that trends in manufacturing in advanced economies are increasing the benefit for firms of an urban location, whilst at the same time, cities continue to need industry if they are to be economically and socially resilient, sustainable and vibrant. The paper then explores current approaches to planning for industry in London, identifying impacts of a policy framework that anticipates and plans for its decline. Finally, it focuses on the question of how to plan for a productive and inclusive city: we explore the arguments in favour of integrating industry into the urban fabric as well as the benefits of separating land uses and retaining employment land designations, and reveal how urbanists are divided. We argue that if London is to continue to prosper, and meet the needs of all Londoners, then we need to strategically and proactively plan for industry in the city, to experiment with innovative ways of integrating it with other city uses, whilst protecting land for industry, where required. We put forward a critical research agenda to effectively meet this challenge in the future.

Financing housing investment

2020 ◽  
pp. 47-56
Author(s):  
Bob Colenutt
Keyword(s):  
Real Estate ◽  
Real Estate Investment Trusts ◽  
Housing Finance ◽  
Quantitative Easing ◽  
Housing Crisis ◽  
Real Estate Investment ◽  
Role Of Government ◽  
Housing Investment ◽  
The Uk

This chapter looks at the overburdening presence of property and housing finance in the UK economy. It focuses on the economic instability created by mortgage dependency. This is a critical context for understanding the role of Government in creating barriers to resolving the housing crisis though its programme of Quantitative Easing, encouragement of Real Estate Investment Trusts, and by offering tax and residence advantages for overseas investors in UK property. It also explores the rise of investor interest in Build to Rent.

scholarly journals The Role of the Federal Reserve in the U.S. Housing Crisis: A VAR Analysis with Endogenous Structural Breaks

2019 ◽  
Vol 12 (3) ◽  
pp. 125 ◽  
Author(s):  
Mahua Barari ◽  
Srikanta Kundu
Keyword(s):  
Federal Reserve ◽  
House Price ◽  
Housing Crisis ◽  
Federal Funds ◽  
Price Inflation ◽  
Federal Funds Rate ◽  
Real Gdp ◽  
Housing Starts ◽  
Residential Investment

This paper reexamines the role of the Federal Reserve in triggering the recent housing crisis. Specifically, we explore if the relationship between the federal funds rate and the housing variables underwent structural changes in the wake of the housing crisis. Using quarterly data spanning 1960–2017, we estimate a VAR model involving federal funds rate, real GDP growth and a housing variable (captured by house price inflation or residential investment share or housing starts) and conduct time series analysis for the pre- and post-crisis periods. While previous studies mostly set break-dates based on events known a priori to split the full sample to subsamples, we endogenously determine structural break points occurring at multiple unknown dates. Our Granger causality analysis indicates that the federal funds rate did not cause house price inflation, although it caused residential investment share and housing starts in the pre-crisis period. In the post-crisis period, the real GDP growth caused residential investment and housing starts while house price inflation had a momentum of its own. Our impulse response and forecast error variance decomposition analysis reinforce these results. Overall, our findings suggest that housing volume fluctuates more than house prices over the business cycle.

scholarly journals The emergence of a Build to Rent model: The role of narratives and discourses

2021 ◽  
pp. 0308518X2096941
Author(s):  
Frances Brill ◽  
Daniel Durrant
Keyword(s):  
Real Estate ◽  
Model Development ◽  
Institutional Context ◽  
Rental Sector ◽  
Housing Crisis ◽  
New Models ◽  
Private And Public ◽  
New Form ◽  
The Uk

This paper analyses ‘Build to Rent’ (BTR), a new form of tenure in London’s housing market. We examine the ways in which private and public sector actors have shaped the context of BTR’s emergence, and developed a model for delivery in London. We argue they relied on and constructed narratives of negativity about the private rental sector, which were juxtaposed with their product to position BTR as a solution to part of London’s housing crisis. Building on this, and leveraging an emerging but supportive institutional context, real estate professionals have adapted a US model to the UK. We argue that both the narrative-generating activities and the model development reveal tensions, which help theorise the ways new models of financing housing emerge.

Codifying Invisible Borders: How Municipal Ordinances Inscribe Market Values on the Landscape in Downtown Los Angeles

2019 ◽  
Vol 13 (3) ◽  
pp. 381-393
Author(s):  
Mindy Farabee
Keyword(s):  
Los Angeles ◽  
Social Services ◽  
Value Systems ◽  
Homeless Population ◽  
Neighborhood Revitalization ◽  
Housing Crisis ◽  
Market Values ◽  
Urban Core ◽  
The City

AbstractZoning codes dramatically impact every community they touch. Ostensibly, these ordinances are meant to impose some collectively determined order on our built environments. In practice, they often draw lines in the sand that distribute power unevenly between residents. As home to the U.S.’ second largest homeless population, Los Angeles is but a stark example of the widespread housing crisis hitting many cities around the globe. In the 1970s, this is where the city drew borders around its Skid Row and consolidated social services in a bid to contain homelessness within the region’s urban core. As part of a an ambitious initiative launched in 2013, the city is now updating the zoning codes across its downtown area, a move that is prompting a vigorous debate over the role of municipal ordinances in codifying market-driven approaches to neighborhood revitalization. This interview engages with the Janus face of borders as inclusionary and exclusionary, asking: through what mechanisms – subtle and overt – do zoning codes dictate the shape of our private and communal spaces? And how can communities stake out their turf among competing value systems?

A Pledge Unredeemed: The Housing Crisis in Weimar Germany

1970 ◽  
Vol 3 (1-2) ◽  
pp. 112-139 ◽  
Author(s):  
Dan P. Silverman
Keyword(s):  
Weimar Republic ◽  
State Governments ◽  
Housing Crisis ◽  
National Socialist ◽  
Weimar Germany ◽  
Historical Significance ◽  
The Republic ◽  
Problem Solving Process ◽  
The Military

If every German had had his own home,” wrote the National Socialist Karl Fiehler in 1932, “the revolution of 1918 would not have been possible.” Typical of the Nazi tendency toward exaggeration, Fiehler's assertion nevertheless recognized the role of housing in a stable society. Article 155 of the Weimar constitution of August 11, 1919, promised suitable housing for every German, but that promise remained unfulfilled. The Weimar regime, in fact, left many promises unfulfilled, and the collapse of the republic might be attributed to a lack of effectiveness in solving basic social and economic problems. Existing studies of the Weimar republic provide inadequate treatment of the problem-solving process employed to attack specific problems such as the housing shortage. Students of Weimar Germany have been fascinated with the beginning and the end of the republic, paying little attention to the relatively stable years from 1924 to 1929. Examination of the German housing problem will not explain why the republic fell. Historians have already supplied a rich variety of “explanations” for the fall of the republic: the burden of Versailles, reparations, inflation, depression, constitutional deficiencies, political fragmentation, and unhealthy compromises between the republic and the military, labor and management, and federal and state governments. Not everyone has been convinced. The German sociologist Ralf Dahrendorf criticizes “explanations that do not explain, statements that do not state anything.” Perhaps, as Michael Stürmer suggests, it is time to go beyond the origins and collapse of the Weimar republic. The historical significance of the Weimar republic lies in how it functioned as well as how it fell.

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