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Full-Text Articles in Regional Economics
Absentee Ownership And Rental Affordability: Evidence From Commuting Zones, Ireland F. Crowther
Absentee Ownership And Rental Affordability: Evidence From Commuting Zones, Ireland F. Crowther
Belmont University Research Symposium (BURS)
In this paper, we examine the intersection of financialization, wealth inequality, and the housing market in the United States with an emphasis on the relationship between absentee ownership and declining rental affordability. At the same time as financialization has increasingly transformed the market for residential real estate into a vehicle for financial speculation, households at the bottom of the income distribution have been disproportionately affected by rising rents and declining housing affordability. Using data from the decennial Census and the American Community Survey from 1990 to 2020, we investigate the link between absentee ownership and rental affordability across US commuting …