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The Exclusionary Benefit in Multifam...

Goldman, Michael.

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The Exclusionary Benefit in Multifamily Housing.

紀錄類型:	書目-語言資料,印刷品 : Monograph/item
正題名/作者:	The Exclusionary Benefit in Multifamily Housing./
作者:	Goldman, Michael.
面頁冊數:	66 p.
附註:	Source: Masters Abstracts International, Volume: 51-03.
Contained By:	Masters Abstracts International51-03(E).
標題:	Urban and Regional Planning. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=1529072
ISBN:	9781267700193

The Exclusionary Benefit in Multifamily Housing.
Goldman, Michael.

The Exclusionary Benefit in Multifamily Housing. - 66 p.

Source: Masters Abstracts International, Volume: 51-03.

Thesis (Master's)--University of Washington, 2012.

The history of housing discrimination in the United States is examined with attention on exclusion through pricing in multifamily housing. A hypothesis, applying the concept of club goods and the economic theories developed by Thorstein Veblen to multifamily housing, is developed. The hypothesis -- that exclusion through unit size delivers additional value to the unit -- is tested in three ways: examining the products of Seattle's incentive zoning programs to determine if build or fee payment options are favored, examining the historical vacancy rates of larger apartments to determine if they attain a higher "natural" vacancy rate, and examining condominium sale prices and unit square footage to determine if increased area, ceteris paribus, correlates with increased price above expected values. The results of the analyses are mixed. Only two residential buildings have been built with the incentive zoning programs -- not enough for a thorough analysis. The largest apartment units have a statistically significant higher vacancy rate than other apartments. Finally, an anomaly in condominium pricing suggests an exclusionary benefit beginning around $350 per square foot. Further research with larger data sets and advanced statistical tests will improve the internal validity of the hypothesis.

ISBN: 9781267700193Subjects--Topical Terms:

1017841
Urban and Regional Planning.

The Exclusionary Benefit in Multifamily Housing.
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520 $a The history of housing discrimination in the United States is examined with attention on exclusion through pricing in multifamily housing. A hypothesis, applying the concept of club goods and the economic theories developed by Thorstein Veblen to multifamily housing, is developed. The hypothesis -- that exclusion through unit size delivers additional value to the unit -- is tested in three ways: examining the products of Seattle's incentive zoning programs to determine if build or fee payment options are favored, examining the historical vacancy rates of larger apartments to determine if they attain a higher "natural" vacancy rate, and examining condominium sale prices and unit square footage to determine if increased area, ceteris paribus, correlates with increased price above expected values. The results of the analyses are mixed. Only two residential buildings have been built with the incentive zoning programs -- not enough for a thorough analysis. The largest apartment units have a statistically significant higher vacancy rate than other apartments. Finally, an anomaly in condominium pricing suggests an exclusionary benefit beginning around $350 per square foot. Further research with larger data sets and advanced statistical tests will improve the internal validity of the hypothesis.
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