Expected and Actual Effects of Housing Allowances on Housing Prices

C. Lance Barnett

Real Estate Economics, 1979, vol. 7, issue 3, 277-297

Abstract: Most analysts and policy makers expected fullscale housing allowance programs to substantially disturb local housing markets, causing housing prices tb increase sharply. This paper reviews conjectures about expected price effects, summarizes evidence from the Housing Assistance Supply Experiment, and explains why the program did not engender the expected price inflation.

Date: 1979
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