Housing America: The Unequal Geography of Risk and Opportunity

Wächter, Susan M.

doi:10.1080/10511482.2015.1043701

Cited by 5 publications

(4 citation statements)

References 5 publications

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“…Moreover, Immergluck and Law ( 2014b ) theorized about the possibilities of declining homeownership among Americans because homeownership could have become less accessible for both low- and modest-income households. Hence, homeownership rates in the U.S. might soon be lower than those in the 1980s, given that Wachter ( 2015 ) found that since 2006 there has been an increase of 6-million new-renter households.…”

Section: Rise In Single-family Rentals In the Usmentioning

confidence: 99%

“…Besides these unaffordable superstars, “comeback” cities (those experiencing the reversal of the systematic inner-city decline) have also witnessed decreasing housing affordability (Voith & Wachter, 2009 ). This reversal causing the inner-city revival could be a potential reason for increased rental demand, rents (Wachter, 2015 ), and eventually rent burden. Additionally, Voith and Wachter ( 2009 ) documented an inherent conflict between urban growth and housing affordability.…”

Section: Regional Economic Specialization and Rent Burdenmentioning

confidence: 99%

“…Only few nations (i.e., Germany, Switzerland, and to a lesser extent Austria) remain predominantly or almost renter societies (Beer & Wagner, 2012 ; Bourassa et al, 2010 ; Soederberg, 2018 ; Steinführer & Haase, 2009 ). However, declining rentership in some countries have changed during the last decades (Australia, Beer, 1999 ; the UK, Houston & Sissons, 2012 ), especially after the Great Recession, and rental tenure has increased (China, Liu et al, 2020 ; Australia, Liu et al, 2016 ; the U.S., Immergluck, 2018 ; Wachter, 2015 ). Given the mentioned trends in certain locations, research on declining rental affordability and increasing rent burden is especially timely.…”

Section: Introductionmentioning

confidence: 99%

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Rental tenure and rent burden: progress in interdisciplinary scholarship and pathways for geographical research

Sharma

Samarin

2021

GeoJournal

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Rental housing accommodates more than a billion tenants worldwide, and in recent years, rentership has been increasing in some countries. Given reduced access to homeownership in various locations due to several causes, it is critical to focus on rentership which has received relatively less attention compared to homeownership, especially within the geography scholarship. In this review article, we identify four key themes that have naturally emerged from the close examination of recent interdisciplinary literature on rentership and rental affordability. These include: (1) rental housing financialization; (2) the proliferation of single-family rentals resulting from the U.S. foreclosure crisis; (3) the determinants and consequences of rent burden; and (4) the relationship between rent burden and regional economic specialization. We discuss these themes and propose potential opportunities for the geographic analysis of rent burden, its determinants, and their relationships with regional economic specialization. We posit that the four identified themes have been developing in apparent isolation, thus making scholarship less consistent. Moreover, research on rent burden is disjointed in itself, which makes it difficult to establish a unified narrative and interlinked subthemes within the rent burden literature. Nonetheless, we contextualize the four themes in their application to geography and frame our discussion around the central notion of this article—rent burden.

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Section: Rise In Single-family Rentals In the Usmentioning

confidence: 99%

Section: Regional Economic Specialization and Rent Burdenmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Rental tenure and rent burden: progress in interdisciplinary scholarship and pathways for geographical research

Sharma

Samarin

2021

GeoJournal

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“…Increased rentership in the U.S. since the Great Recession (Seymour & Akers, 2021 ; Wachter, 2015 ) along with significant population shifts over recent decades both have made rent burden intense and widespread across America (Colburn & Allen, 2018 ; Dawkins & Jeon, 2018 ; Edmiston, 2016 ). By 2015, almost half of U.S. tenants paid more than 30% of their household income for rent (Gabriel & Painter, 2020 ).…”

Section: Introductionmentioning

confidence: 99%

A typology of U.S. metropolises by rent burden and its major drivers

Samarin

Sharma

2023

GeoJournal

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Scholarly work on rent burden, a rather scantily discussed topic within the broader realm of declining housing affordability, still lacks a firm theory. This article seeks to address this gap by developing a typology of U.S. metropolises which centers on their rent burden status and serves as an initial step toward theory building. We employ principal component and cluster analyses to identify seven distinct types of metropolises and their potential drivers of rent burden. An examination of these seven types suggests that rent burden has spatial randomness to it, since some metropolises in the seven types do not confine to specific geographies. Metropolises with pronounced specializations in education/medicine, information, and arts, recreation, and entertainment exhibit higher rent burden, whereas older Rust Belt metropolises have lower burden. Interestingly, emerging new-economy metropolises exhibit lower rent burden as well, likely reflecting the benefits of newer housing and a diverse economic base. Finally, rent burden, besides being an outcome of the housing demand/supply mismatch, is also a manifestation of income potentials that are affected in complex ways by local labor markets and regional economic specializations.

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