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result(s) for
"Condominium plan"
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Housing Commodities, Context and Meaning: Transformations in Japan's Urban Condominium Sector
2006
Japan's condominium sector expanded rapidly along with post-war urbanisation and high-speed economic growth. However, the bursting of the bubble economy in the 1990s undermined land and housing markets. Capital losses on condominiums have been disproportionate, especially in cases of older, smaller or non-centrally located condominiums. This analysis incorporates socio-cultural elements in explaining emerging patterns of fragmentation among homeowners and property values. It illustrates relationships between the meaning of housing commodities and the context of indigenous production and consumption processes in urban Japan. The paper specifically draws upon data from interviews with Japanese homeowners to illustrate the significance of values and perceptions in the modern condominium sector and their relationship to changing socioeconomic conditions.
Journal Article
Time on Market and the Cash Discount for Condos
by
Freybote, Julia
,
Lin, Zhenguo
,
Seiler, Michael J
in
Condominium plan
,
Condominiums
,
Discounts
2024
We investigate whether the cash discount for condos is affected by time on market (TOM). Theoretically and empirically, we show that the cash discount has two components: First, condos purchased with cash sell at a discount compared to mortgage-financed condos, which is in line with the cash discount identified in the housing literature. The second component is a TOM-variable cash discount that increases the longer a condo is on the market. In addition, our empirical analysis suggests the cash discount only exists for low-price condos and disappears in higher price segments. In particular, for low-price condos, the cash discount comprises of a 9.42% fixed cash discount and 0.1% per day TOM-variable cash discount. Our results suggest TOM represents an additional explanation for the cash discount in condos and moderates the relation between cash purchase and sales price.
Journal Article
The Impact of Transit-oriented Development on Housing Prices in San Diego, CA
This research measures the influence of transit-oriented development (TOD) on the San Diego, CA, condominium market. Many view TOD as a key element in creating a less auto dependent and more sustainable transport system. Price premiums indicate a potential for a market-driven expansion of TOD inventory. A hedonic price model is estimated to isolate statistically the effect of TOD. This includes interaction terms between station distance and various measures of pedestrian orientation. The resulting model shows that station proximity has a significantly stronger impact when coupled with a pedestrian-oriented environment. Conversely, station area condominiums in more auto-oriented environments may sell at a discount. This indicates that TOD has a synergistic value greater than the sum of its parts. It also implies a healthy demand for more TOD housing in San Diego.
Journal Article
Condominium to the Country: The Sprawl of Ownership within Private Local Government in British Columbia
2024
As a form of land ownership, condominium enables subdivision and produces local government. Designed to facilitate the production of apartments as distinct parcels of land, ownership within condominium now dominates many urban housing markets. In some jurisdictions, including British Columbia, condominium (labelled strata property) may also be deployed to subdivide land for single-house lots within a structure of private local government. The principal effect of extending condominium to unbuilt land is not to enable subdivision, which is something that was already possible and common, but, rather, to endow groups of single-house lot owners with fiscal capacity and governing authority to assume important aspects of local government. Through an analysis of bare land strata property in British Columbia, we reveal how the condominium form, which brought an architecture of ownership and government from the homeowners association of the American suburbs to the North American city, has spread back from the city into the suburban, exurban, and rural, producing a sprawl of ownership within private local government.
Journal Article
The Value of Scattered Greenery in Urban Areas: A Hedonic Analysis in Japan
2023
This study investigates the impact of scattered greenery (street trees and yard bushes), rather than cohesive greenery (parks and forests), on housing prices. We identify urban green space from high-resolution satellite images and combine these data with data on both condominium sales and rentals to estimate hedonic pricing models. We find that scattered urban greenery within 100 m significantly increases housing prices, while more distant scattered greenery does not. Scattered greenery is highly valued near highways, and the prices of inexpensive and small for-sale and for-rent properties are less affected by scattered greenery. These results indicate that there is significant heterogeneity in urban greenery preferences by property characteristics and location. This heterogeneity in preferences for greenery could lead to environmental gentrification since the number of more expensive properties increases in areas with more green amenities.
Journal Article
Planning for active aging: exploring housing preferences of elderly populations in the United States
2023
Increases in the elderly population (defined as people aged 65 years old and above by the United States Census Bureau) in the United States (U.S.) have reached an inflection point. This demographic shift fundamentally reshapes the magnitude of housing needs in U.S. communities. Planning housing markets for active aging, our study (1) examines how the overall housing market in the U.S. responds to increases in the elderly population, (2) identifies housing preferences of elderly populations by exploring the heterogeneous effects of increasing elderly populations on different types/sizes of houses. Our results suggest that increases in the elderly population are associated with a slight rise in prices in the overall housing market. It points towards the role of increasing elderly populations in shaping the housing market, bringing both opportunities and challenges in reframing urban and housing policy. The study also shows that increases in the elderly population have significant and positive effects on single-family homes and small homes, but no impact on condominiums and large homes. The heterogeneous effects on different types/sizes of housing represent the preferences of elderly populations to single-family homes and small homes. Given the increasing size and share of elderly populations and severe shortages in affordable elderly housing, our study suggests that a strong commitment to reframing urban policy and housing programs targeting assistance and support toward elderly populations such as the Sect. 202 Supportive Housing for the Elderly Program, is in great need of federal and local governments’ interventions.
Journal Article
Condominium management in a low-income housing project: the case of the Conjunto Rubens Lara in Cubatão/São Paulo
by
de Camargo Cavalheiro, Débora
,
Abiko, Alex Kenya
in
Affordable housing
,
Buildings
,
Case studies
2023
The construction of multi-family residential buildings to provide affordable housing solutions has led to the need to find ways to manage the common areas and other communal facilities in these collective housing developments. Residents who are accustomed to single-family housing often find it difficult to adapt to a more communal way of life. This article describes a case study aimed at evaluating the condominium management and its satisfaction components in a multi-family housing complex built in the Baixada Santista Metropolitan Region in the state of São Paulo, Brazil, to accommodate families relocated from favelas. The study involved applying questionnaires to residents and condominium managers (síndicos), and conducting a series of interviews with community leaders and professionals from public agencies and the condominium management sector, as well as field visits. Multivariate analysis and measurement uncertainty were used to assess the relationship between variables. The study confirmed that the question of buildings maintenance plays a major role in condominium issues since, as well as putting whole complexes and residents at risk, maintenance involves engineering and administrative aspects likely to generate future costs if not appropriately carried out. Although the case study focuses on a project acclaimed by government agencies and some experts as a good example of affordable social housing, we found that the development has drawbacks similar to those found in the literature, such as interpersonal relationship difficulties, problems of cultural and financial adaptation to the condominium model, maintainability issues, and the occurrence of construction defects, among others.
Journal Article
Renewable energy planning policy for the reduction of poverty in Brazil: lessons from Juazeiro
by
Fernandes, Fábio
,
Castro, Celso
,
Santana Silva, Marcelo
in
Alternative energy
,
Beneficiaries
,
Brazil
2021
The present work analyzes the Income and Energy Generation Program, authorized by the Brazilian National Energy Agency and implemented by Caixa Econômica Federal and Brasil Solair in two condominiums of popular housing. The method used is qualitative, applied, descriptive and exploratory. An extensive literature review was conducted as well as 18 interviews with specialists, agents from the electricity sector and representatives of the condominiums. Questionnaires were distributed to all residents to understand the energy consumption habits in the condominiums and the situation experienced throughout the program execution. For the data analysis, the triangulation method was used. In the results, the situation of the residents and five different opportunities to adapt the renewable energy system of the condominiums to current legislation are highlighted and analyzed. These include the rental of roofs and equipment or building a cooperative with other beneficiaries of social housing programs for remote energy compensation. In conclusion, the project could be improved to better fulfill the needs of the condominiums and their inhabitants, guaranteeing better use of investment in renewable energy and improving programs to alleviate poverty in Brazil.
Journal Article
Financial Coaching Offers New Paths To A Healthy Future
2022
As a safety-net hospital, Boston Medical Center is well acquainted with hardship, as encountered by its patients, their communities, and the hospital itself. Founded during the Civil War as Boston City Hospital, the first municipal hospital in the US, it was located in an area that then seemed far south of the city center. Today the hospital's backdrop is a bit more complicated, as seen from the expansive windows of the sixth-floor pediatric clinic in the Yawkey Ambulatory Care Center. To the north the city's tallest buildings rise from the affluent Back Bay neighborhood: the sleek, triangular One Dalton (luxury condominiums and the Four Seasons Hotel), the iconic Prudential Tower, and 200 Clarendon (formerly known as the John Hancock Tower). The opposing view faces Roxbury, the neighborhood just south of the hospital at the heart of African American Boston. From this height it isn't possible to know that among the nearby modest red-brick row houses, one offers emergency housing for women fleeing domestic violence, and another is a homeless shelter.Pediatrician Megan Sandel points to this view as a \"tale of two cities.\" The hospital also borders Boston's South End, which is \"historically working class, now fully gentrified with multimillion-dollar apartments,\" says Sandel, codirector of the Grow Clinic, which treats infants and children with a diagnosis of failure to thrive and a national expert on how housing affects child health. Massachusetts Avenue, which bisects the medical campus, has typically served as a dividing line between prosperity and adversity, she says.At ground level it's even easier to see the precarious nature of life here, so close to both the business hub of Boston and the nexus of the city's opioid epidemic. In January 2022 the city removed a huge tent encampment at the edge of the Boston Medical Center campus near the corner of Massachusetts Avenue and Melnea Cass Boulevard, known colloquially as \"Mass. and Cass.\" The mayor later said that 200 people were relocated to housing; dozens ended up at a temporarily shuttered round red-brick hotel just steps away.
Journal Article
Rent-seeking middle classes and the short-term rental business in inner-city Lima
2020
Between 2007 and 2017, Lima experienced an unprecedented growth of the construction sector and an increase in high-rise condominiums. Urban land as a strategic resource has altered the spatial configuration of Lima’s central districts. This paper presents the results of a case study of Barranco, a central and emblematic district of Lima that underwent an intense real estate boom. In our assessment, we connect the recent touristification and gentrification debates to develop a new pattern of Latin American gentrification. We argue that Barranco’s consolidation as a tourist destination, along with the relaxation of local construction policies, has led to the development of one-bedroom apartments in high-rise condominiums destined mainly to be rented out to tourists and other types of floating population. This urban restructuring model has created new business opportunities for what we call a rent-seeking middle class, keen to invest in real estate as an alternative means to increase their income. By way of discussion, we argue that the case of Barranco exemplifies a new trend in Latin American gentrification which is not characterised by an influx of the urban middle class into central areas, nor by a massive physical displacement of lower-income residents, but by the growing purchasing power of a wealthier middle-class group investing in the short-term rental business in combination with other enabling factors.
2007年至2017年间,利马的建筑行业经历了前所未有的增长,高层公寓也有所增加。城市土地作为一种战略资源改变了利马中心区的空间配置。本文介绍了巴兰科(Barranco)案例研究的结果,巴兰科是利马的一个中心和标志性区域,经历了一场猛烈的房地产繁荣。在我们的评估中,我们将最近的旅游化和绅士化辩论联系起来,以制定一种新的拉丁美洲绅士化模式。我们认为,巴兰科作为旅游目的地的整合,以及当地建筑政策的放松,导致了高层公寓中一居室公寓的开发,这些公寓主要出租给游客和其他类型的流动人口。这种城市重组模式为所谓的“寻租中产阶级”创造了新的商业机会,他们热衷于投资房地产,以此作为增加收入的替代手段。通过讨论,我们认为巴兰科的案例体现了拉丁美洲绅士化的一种新趋势,其特征不是城市中产阶级涌入中心区,也不是低收入居民被大量驱逐,而是投资于短期租赁业务的富裕中产阶级群体的购买力不断增长以及其他有利因素。
Journal Article