Social and Behavioral Sciences Commons^™

Socioeconomic Landscape Restructuring Caused By Property Appreciation Rates, Abner Garcia

Electronic Theses, Projects, and Dissertations

Real estate property has historically been considered the bedrock of the American Dream and a primary method used to build wealth. However, homeownership has not been attainable for many people because property appreciation rates have consistently exceeded income growth. Available research indicates that rapid appreciation rates pressure low to average income earners out of their counties of residence towards more affordable counties’ residencies. This creates a problem where the receiving counties have increased demand and prices which starts a cycle of migration for lower income populations. Shifting populations can change the economic and demographic characteristics of counties. Previous research that …