Aging baby boomers and the generational housing bubble: Foresight and mitigation of an epic transition

Journal of the American Planning Association

Volumn 74, Issue 1, 2008, Pages 17-33

  Myers, Dowell ^a   Ryu, Sung Ho ^b  

^a UNIVERSITY OF SOUTHERN CALIFORNIA   (United States)

^b Southern California Association of Governments   (United States)

Author keywords

Aging; Baby boomers; Housing bubble

Indexed keywords

HOUSING MANAGEMENT; HOUSING MARKET; PRICE DYNAMICS;

EID: 64549125328     PISSN: 01944363     EISSN: None     Source Type: Journal    
DOI: 10.1080/01944360701802006     Document Type: Article

References (49)

1. Achenbaum, W. A. (2005) Older Americans, vital communities: A bold vision for societal aging, Johns Hopkins University Press, Baltimore
2. Berson, D., Lereah, D., Merski, P., Nothaft, F. and Seiders, D. (2006) America's home forecast: The next decade for housing and mortgage finance., Homeownership Alliance, Washington, DC
3. Bier, T. and Howe, S. R. (1998) Dynamics of suburbanization in Ohio metropolitan areas. Urban Geography, 19:8, pp. 695-713.
4. Birch, E. L. (2002) Having a longer view on downtown living. Journal of the American Planning Association, 68:1, pp. 5-21.
5. Campbell, B. O. (1966) Population change and building cycles., University of Illinois Bureau of Economic and Business Research, Urbana
6. Case, K. E. and Shiller, R. J. (2003) Is there a bubble in the housing market?. Brookings Papers on Economic Activity, 2, pp. 299-362.
7. Chevan, A. (1989) The growth of home ownership: 1940-1980. Demography, 26:2, pp. 249-266.
8. Clark, W. A. V. and Dieleman, F. (1996) Households and housing: Choice and outcomes in the housing market., Center for Urban Policy Research, Rutgers University., New Brunswick, NJ
9. Currid, E. (2007) The Warhol economy: How fashion, art, and music drive New York City., Princeton University Press, Princeton, NJ
10. Edmunds, G. and Keene, J. (2006) Retire on the house., John Wiley and Sons, New York
11. Engelhardt, G. V. (2003) Housing trends among baby boomers., Research Institute for Housing America, Mortgage Bankers Association, Washington, DC
12. Fischel, W. A. (2001) The homevoter hypothesis: How home values influence local government taxation, school finance, and land-use policies., Harvard University Press, Cambridge, MA
13. Fishman, R. (2005) The fifth migration. Journal of the American Planning Association, 71:4, pp. 357-366.
14. Florida, R. (2003) The rise of the creative class: And how it's transforming work, leisure, community and everyday life., Basic Books, New York
15. Frank, L. D. and Engelke, P. O. (2001) Journal of Planning Literature, 16:2, pp. 202-218.
16. Frey, W. H. (2007) Mapping the growth of older America: Seniors and boomers in the early 21st century Living Cities Census Series, Metropolitan Policy Program., Brookings Institution, Washington, DC
17. Fulton, W., Shigley, P. and Harrison, A. P. (2000) Trends in local land use ballot measures, 1986-2000., Solimar Research Group, Ventura, CA
18. Galster, G. C. (1987) Homeowners and neighborhood reinvestment., Duke University Press, Durham, NC
19. Gilderbloom, J. I. and Rosentraub, M. S. (1990) Creating the accessible city: Proposals for providing housing and transportation for low income, elderly and disabled people. American Journal of Economics and Sociology, 493, pp. 271-282.
20. Giuliano, G. Land use and travel patterns among the elderly. In Transportation Research Board. Transportation in an Aging Society: A Decade of Experience, Conference Proceedings 27 National Academy of Sciences, pp. 192-212. Washington, DC
21. Glaeser, E., Gyourko, J. and Saks, R. (2005) Why have housing prices gone up?. American Economic Review Papers and Proceedings, 95:2, pp. 329-333.
22. Gober, P. (1992) Urban housing demography. Progress in Human Geography, 16:2, pp. 171-189.
23. Green, R., Malpezzi, S. and Mayo, S. (2005) Metropolitan-specific estimates of the price elasticity of supply of housing, and their sources. American Economic Review Papers and Proceedings, 95:2, pp. 334-339.
24. (2007) Harvard Joint Center for Housing Studies. State of the nation's housing, 2007., Author, Cambridge, MA
25. Hopkins, L. D. and Zapata, M. A. (2007) Engaging the future: Tools for effective planning practices. Engaging the future: Forecasts, scenarios, plans, and projects, pp. 1-17. Lincoln Institute of Land Policy, Cambridge, MA
26. Lucy, W. H. and Phillips, D. L. (2006) Tomorrow's cities, tomorrow's suburbs., Planners Press, Chicago
27. Mankiw, N. G. and Weil, D. (1989) The baby boom, the baby bust, and the housing market. Regional Science and Urban Economics, 19:2, pp. 235-258.
28. Markusen, A. and Schrock, G. (2006) The artistic dividend: Urban artistic specialization and economic development implications. Urban Studies, 43:10, pp. 1661-1686.
29. Masnick, G. S. (2002) The new demographics of housing. Housing Policy Debate, 13:2, pp. 275-322.
30. Masnick, G. S., Di, Z. X. and Belsky, E. S. (2006) Emerging cohort trends in housing debt and home equity. Housing Policy Debate, 17:3, pp. 491-527.
31. McCue, D. and Belsky, E. S. (2007) Why do house prices fall?. Perspectives on the historical drivers of large nominal house price declines Working Paper W07-3., Joint Center for Housing Studies, Harvard University, Cambridge, MA
32. Myers, D. (1984) Turnover and filtering of postwar single-family houses. Journal of the American Planning Association, 50:3, pp. 352-358.
33. Myers, D. (1990) The emerging concept of housing demography. Housing demography: Linking demographic structure and housing markets, pp. 3-31. University of Wisconsin Press, Madison
34. Myers, D. (1999) Cohort longitudinal estimation of housing careers. Housing Studies, 14:4, pp. 473-490.
35. Myers, D. (2001) Advances in homeownership across the states and generations: Continued gains for the elderly and stagnation among the young, Fannie Mae Foundation, Washington, DC
36. Myers, D. (2007) Immigrants and boomers: Forging a new social contract for the future of America., Russell Sage Foundation, New York
37. Myers, D. and Gearin, E. (2001) Current housing preferences and future demand for denser residential environments. Housing Policy Debate, 12:4, pp. 633-659.
38. Myers, D. and Liu, C. Y. (2005) The emerging dominance of immigrants in the U.S. housing market, 1970-2000. Urban Policy and Research, 233, pp. 347-365.
39. Myers, D. and Menifee, L. (2000) Population analysis. The practice of local government planning, pp. 61-86. International City Management Association, Washington, DC
40. Nelson, A. C. (2006) Leadership in a new era. Journal of the American Planning Association, 72:4, pp. 393-407.
41. Nothaft, F. E. and Change, Y. (2004) Refinance and the accumulation of home equity wealth, Joint Center for Housing Studies, Harvard University, Cambridge, MA
42. Pitkin, J. (1990) Housing consumption of the elderly: A cohort economic model. Housing demography, pp. 174-199. University of Wisconsin Press, Madison, WI
43. Pitkin, J. and Myers, D. (1994) The specification of demographic effects on housing demand: Avoiding the age-cohort fallacy. Journal of Housing Economics, 3:3, pp. 240-250.
44. Quigley, J. and Raphael, S. (2005) Regulation and the high cost of housing in California. American Economic Review Papers and Proceedings, 95:2, pp. 323-328.
45. Rosenbloom, S. Mobility of the elderly: Good news and bad news. In Transportation Research Board. Transportation in an aging society: A decade of experience, Conference Proceedings 27 National Academy of Sciences, pp. 3-21. Washington, DC
46. Shiller, R. J. (2005) Irrational exuberance, Princeton University Press, Princeton, NJ
47. Shiller, R. J. (2007) Historic turning points in real estate, Cowles Foundation for Research in Economics, Yale University, Hartford, CT
48. (2003) U.S. Census Bureau. Public use microdata sample, 5% file: 2000 Census of Population and Housing, Author, Washington, DC
49. (2003) U.S. Census Bureau. Statistical abstract of the United States., Author, Washington, DC