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Working Papers

Option Value and Storefront Vacancy in New York City

Erica Moszkowski, Daniel Stackman • April 12, 2023

Why do storefronts remain empty for more than a year in some of the world’s highest-rent retail districts? Landlords with vacancies derive option value from two sources of…
Working Papers

Post-Recession Drivers of Preferences for Homeownership

Rachel Bogardus Drew, Chris Herbert • August 13, 2012

W12-4: The analysis presented in this paper tests for associations between views on homeownership and experiences with recent housing market distress. Using data from…
Reports

Measuring the Nation's Rental Housing Affordability Problems

Eric Belsky, Jack Goodman, Rachel Bogardus Drew • June 1, 2005

Difficulty affording housing is widely acknowledged as the most common housing problem in the United States. No matter how one chooses to measure the problem, it is clearly…