{"title":"机构独栋租赁投资者对住房所有权的影响:谁成为目标并被挤出当地市场?","authors":"Brian Y. An","doi":"10.1177/0739456x231176072","DOIUrl":null,"url":null,"abstract":"The emergence of institutional single-family rental investors in local housing markets is increasingly concerning to policymakers and planners. This study examines how their rising presence in the single-family housing market has impacted homeownership. Leveraging both granular spatial and temporal variations in large investment firms’ transaction activities over 800 neighborhoods in the Atlanta metropolitan area between 2007 and 2016, I find that their concentrated investment in single-family rentals weakened local homeownership, mainly for Black. In contrast, evidence does not support the claim that smaller scale corporate investors dampened homeownership. The institutional scale matters in explaining a significantly diminished homeownership during this period.","PeriodicalId":16793,"journal":{"name":"Journal of Planning Education and Research","volume":" ","pages":""},"PeriodicalIF":2.8000,"publicationDate":"2023-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"The Influence of Institutional Single-Family Rental Investors on Homeownership: Who Gets Targeted and Pushed Out of the Local Market?\",\"authors\":\"Brian Y. An\",\"doi\":\"10.1177/0739456x231176072\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The emergence of institutional single-family rental investors in local housing markets is increasingly concerning to policymakers and planners. This study examines how their rising presence in the single-family housing market has impacted homeownership. Leveraging both granular spatial and temporal variations in large investment firms’ transaction activities over 800 neighborhoods in the Atlanta metropolitan area between 2007 and 2016, I find that their concentrated investment in single-family rentals weakened local homeownership, mainly for Black. In contrast, evidence does not support the claim that smaller scale corporate investors dampened homeownership. The institutional scale matters in explaining a significantly diminished homeownership during this period.\",\"PeriodicalId\":16793,\"journal\":{\"name\":\"Journal of Planning Education and Research\",\"volume\":\" \",\"pages\":\"\"},\"PeriodicalIF\":2.8000,\"publicationDate\":\"2023-06-05\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Planning Education and Research\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://doi.org/10.1177/0739456x231176072\",\"RegionNum\":3,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q2\",\"JCRName\":\"REGIONAL & URBAN PLANNING\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Planning Education and Research","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1177/0739456x231176072","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"REGIONAL & URBAN PLANNING","Score":null,"Total":0}
The Influence of Institutional Single-Family Rental Investors on Homeownership: Who Gets Targeted and Pushed Out of the Local Market?
The emergence of institutional single-family rental investors in local housing markets is increasingly concerning to policymakers and planners. This study examines how their rising presence in the single-family housing market has impacted homeownership. Leveraging both granular spatial and temporal variations in large investment firms’ transaction activities over 800 neighborhoods in the Atlanta metropolitan area between 2007 and 2016, I find that their concentrated investment in single-family rentals weakened local homeownership, mainly for Black. In contrast, evidence does not support the claim that smaller scale corporate investors dampened homeownership. The institutional scale matters in explaining a significantly diminished homeownership during this period.
期刊介绍:
The Journal of Planning Education and Research (JPER) is a forum for planning educators and scholars (from both academia and practice) to present results from teaching and research that advance the profession and improve planning practice. JPER is the official journal of the Association of Collegiate Schools of Planning (ACSP) and the journal of record for North American planning scholarship. Aimed at scholars and educators in urban and regional planning, political science, policy analysis, urban geography, economics, and sociology, JPER presents the most vital contemporary trends and issues in planning theory, practice, and pedagogy.