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Land Rent and Housing Policy: A Case Study of the San Francisco Bay Area Rental Housing Market

机译:土地租金和住房政策:以旧金山湾区租赁住房市场为例

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摘要

In the San Francisco Bay Area, where residential rent is among the highest in the United States, an analysis of data from several sources demonstrates that high rent cannot be accounted for by higher quality, higher operating costs, or higher construction costs. At least one-third of the total rent paid is land rent. Despite increases in real incomes, very-low-income tenants in the Bay Area today have less income remaining after payment of rent than tenants did in I960. High land rent is a long-term feature of the Bay Area rental market that results mostly from its geography, the density of its urban centers, and a strong economy, rather than from regulatory barriers to new mul-tifamily construction. Deregulation is not a sufficient response to the effects of land rent on low-income tenants. Government should subsidize non-profit housing organizations, particularly land trusts that remove residential land from the market. Taxes on land rent would be a particularly appropriate funding source.
机译:在旧金山湾地区,住宅租金是美国最高的,对多个来源的数据进行的分析表明,高品质,较高的运营成本或较高的建筑成本无法解释高租金。支付的总租金中至少有三分之一是土地租金。尽管实际收入有所增加,但如今海湾地区的超低收入租户在支付房租后仍剩余的收入少于I960年代。较高的土地租金是湾区租赁市场的长期特征,主要是由于其地理位置,城市中心的密度和强劲的经济,而不是由于监管壁垒导致了新的多户家庭建设。放松管制不足以应对地租对低收入租户的影响。政府应补贴非营利性住房组织,特别是将市场上的住宅用地撤离的土地信托。地租税将是特别合适的资金来源。

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