Yes or Not in My Backyard (YIMBY vs. NIMBY)? The Impact of New Social Housing Construction on Single-Family House Prices in Quebec City (Canada)

IF 2.8 3区 经济学 Q2 DEVELOPMENT STUDIES
Jean Dubé, François Des Rosiers, N. Devaux
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Abstract

Abstract The development of new social housing faces important resistance by local population, a phenomenon knows as the “not in my backyard” movement. One argument from residents to oppose such project is the idea that new construction will negatively impact property values. This is what this paper aims to investigate. The analysis is based on a complete recension of the new social housing projects built between 2000 and 2020 and on single-family house transactions that occurred between 2004 and 2020 in Quebec City (Canada). A repeated sales model integrating a difference-in-differences estimator is developed to isolate the net price premium related to the emergence of a new social housing building while accounting for the possible heterogeneity impact related to characteristics of the building, including the number of apartments and the type of clientele hosted as well as the local characteristics, such as the spatial concentration of social housing buildings and distance to the city center. The results show a complex net price premium rent function that leads to mixed conclusions and has important implications for the development of new social housing projects.
是还是不是在我的后院(YIMBY vs.NIMBY)?新社会住房建设对加拿大魁北克市独栋住宅价格的影响
新型社会住房的发展面临着当地居民的重要阻力,这种现象被称为“不要在我的后院”运动。居民反对此类项目的一个理由是,新建筑将对房地产价值产生负面影响。这就是本文的研究目的。该分析是基于2000年至2020年间新建的社会住房项目的完整统计,以及2004年至2020年间加拿大魁北克市的单户住宅交易。我们开发了一个整合差中差估计器的重复销售模型,以隔离与新社会住房建筑出现相关的净价格溢价,同时考虑与建筑特征相关的可能的异质性影响,包括公寓数量和接待的客户类型,以及当地特征,如社会住房建筑的空间集中和到市中心的距离。结果显示,一个复杂的净价溢价租金函数导致混合的结论,并对新的社会住房项目的发展具有重要意义。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
5.40
自引率
17.20%
发文量
68
期刊介绍: Housing Policy Debate provides a venue for original research on U.S. housing policy. Subjects include affordable housing policy, fair housing policy, land use regulations influencing housing affordability, metropolitan development trends, and linkages among housing policy and energy, environmental, and transportation policy. Housing Policy Debate is published quarterly. Most issues feature a Forum section and an Articles section. The Forum, which highlights a current debate, features a central article and responding comments that represent a range of perspectives. All articles in the Forum and Articles sections undergo a double-blind peer review process.
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