Sinai, Todd

Search Results

Now showing 1 - 2 of 2

The Rental Affordability Crisis
(2014-03-01) Sinai, Todd
It’s a tough time to be a renter. According to data from the U.S. Census, half of all renters, and 83 percent of renters with incomes under $20,000, paid more than 30 percent of their incomes in rent in 2011. One commonly-proposed policy solution to declining rent affordability is the construction and preservation of low-income housing. But this will only ameliorate the situation temporarily.
Spatial Variation in the Risk of Home Owning
(2009-05-01) Sinai, Todd
To casual observers, home owning often appears risky. They note that the typical preretirement household (in the 2004 Survey of Consumer Finances) has about 45 percent of its net worth tied up in housing wealth - and those house values can be volatile. In fact, between the end of 2005 and the end of 2007, real house prices fell by more than 15 percent, according to the 10-city composite S&P/Case-Shiller Home Price Index. Even expert analysts of housing markets typically concern themselves with the risk of house price declines. Indeed, chapters 2 and 3 in this volume address ways to mitigate the asset price risk of housing through the use of house price derivatives or home equity insurance.