Abstract
 Condominium Conversions and GIS: A Policy/Planning Support System Track: State and Local Government Author(s): J. M. Pogodzinski, Alicia Parker, Tito Vandermeyden Condominium conversions have gained popularity due to low interest rates, a lack of vacant residentially zoned land, and increasing construction costs. Conversions have also been viewed as problematical because they reduce the stock of rental housing and so are thought to have an adverse impact on lower-income households. This paper employs GIS to test a tenure choice/housing supply model that compares the cost of renting versus owning, given households' income constraints. The model is designed to predict the proportion of people who rent under various circumstances. The model can also be used to make predictions of when it becomes profitable to convert rental apartments to ownership condominiums. We apply the model to a San Francisco Bay Area community. GIS is used to show the spatial relationships between predicted values of the model (e.g., condominium conversions) and demographic characteristics of the community (e.g., income groups). J. M. Pogodzinski San Jose State University Department of Economics Dept of Economics (0114), San Jose State Univ, 1 Washington Square San Jose , CA 95192-0114 US Phone: 408-924-5421 E-mail: jmp@pogodzinski.net Alicia Parker San Jose State University Urban & Regional Planning Department Urban & Regional Planning (0185) 1 Washington Square San Jose , CA 95192-0185 US Phone: 559-285-8673 E-mail: alitesus@yahoo.com Tito Vandermeyden Nextbus Inc. 2433 Mariner Square Loop, Suite 103 Alameda , CA 94501 US Phone: (510) 995-3209 E-mail: tito@nextbus.com |
|||||
