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作者

来源

HOUSING POLICY DEBATE,Vol.27,Issue2,P.217-229

语言

英文

关键字

Affordability; land use/zoning; prices; regulation; rental housing; transportation; urban planning; NEW-YORK; REQUIREMENTS; CALIFORNIA; ANGELES; GROWTH; REFORM

作者单位

[Gabbe, C. J.] Univ Calif Los Angeles, Luskin Sch Publ Affairs, Dept Urban Planning, Los Angeles, CA 90095 USA. [Pierce, Gregory] Univ Calif Los Angeles, Luskin Ctr Innovat, Los Angeles, CA USA. Gabbe, CJ (reprint author), Univ Calif Los Angeles, Luskin Sch Publ Affairs, Dept Urban Planning, Los Angeles, CA 90095 USA. E-Mail: cgabbe@ucla.edu

摘要

There is a major housing affordability crisis in many American metropolitan areas, particularly for renters. Minimum parking requirements in municipal zoning codes drive up the price of housing, and thus represent an important potential for reform for local policymakers. The relationship between parking and housing prices, however, remains poorly understood. We use national American Housing Survey data and hedonic regression techniques to investigate this relationship. We find that the cost of garage parking to renter households is approximately $1,700 per year, or an additional 17% of a housing unit's rent. In addition to the magnitude of this transport cost burden being effectively hidden in housing prices, the lack of rental housing without bundled parking imposes a steep cost on carless renters-commonly the lowest income households-who may be paying for parking that they do not need or want. We estimate the direct deadweight loss for carless renters to be $440 million annually. We conclude by suggesting cities reduce or eliminate minimum parking requirements, and allow and encourage landlords to unbundle parking costs from housing costs.