Complicating the Story of Location Affordability

Michael J. Smart and Nicholas J. Klein

Housing Policy Debate, 2018, vol. 28, issue 3, 393-410

Abstract: In recent years, researchers and advocates have turned their attention to the trade-offs between housing affordability and transportation expenses. They argue that were families to move to more compact, transit-accessible, and walkable neighborhoods, they would reduce their driving and, possibly, forego the need for one or more cars, thus saving them money. We use the Panel Study of Income Dynamics to test this assumption with descriptive statistics and panel regression models, and we find little evidence to support it. We conclude that the location affordability literature may significantly overstate the promise of cost savings in transit-rich neighborhoods.

Date: 2018
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DOI: 10.1080/10511482.2017.1371784

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