Fixing Up after Tearing Down: The Impact of Demolitions on Residential Investment

Does the presence of deteriorating housing affect nearby property owner’s decision to maintain their units? Does demolishing these distressed houses increase nearby homeowner’s maintenance investment? In this paper, I examine these questions by testing whether exposure to targeted demolitions of aba...

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Bibliographic Details
Published inJournal of planning education and research Vol. 43; no. 3; pp. 709 - 724
Main Author Kuhlmann, Daniel
Format Journal Article
LanguageEnglish
Published Los Angeles, CA SAGE Publications 01.09.2023
Sage Publications Ltd
Subjects
Houses
Housing
Investments
Property
Residential areas
viviendas desocupadas
housing
demolitions
land banks
Vivienda
mantenimiento
deterioración del vecindario
拆除
neighborhood decline
邻里的衰落
bancos hipotecarios
住房
demoliciones
空置
土地储备
vacancy
maintenance
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Summary:Does the presence of deteriorating housing affect nearby property owner’s decision to maintain their units? Does demolishing these distressed houses increase nearby homeowner’s maintenance investment? In this paper, I examine these questions by testing whether exposure to targeted demolitions of abandoned and distressed housing affects changes in the external condition of nearby houses. Using two waves of a property inventory in Cleveland, Ohio, my models suggest that, compared with a control group of houses located near vacant housing, proximity to demolitions decreases the likelihood that a property’s condition deteriorated between 2015 and 2018 and increases the likelihood that it improved.
ISSN:0739-456X
1552-6577
DOI:10.1177/0739456X20934168