Expected and Actual Effects of Housing Allowances on Housing Prices

by C. Lance Barnett

Purchase Print Copy

 FormatList Price Price
Add to Cart Paperback22 pages $20.00 $16.00 20% Web Discount

Most housing analysts and policymakers expected full-scale housing allowance programs to substantially disturb local housing markets, causing housing prices to increase sharply. This paper reviews the conjectures about allowances' market effects, summarizes evidence from the Housing Assistance Supply Experiment, and explains why the allowance program has not engendered the price inflation that was expected.

This report is part of the RAND Corporation paper series. The paper was a product of the RAND Corporation from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.

The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.