Knocking It Down and Mixing It Up: The Impact of Public Housing Regenerations
研究了伦敦公共住房改造（拆除并重建为混合收入住房）对周边房价和租金的影响，发现改造后房价和租金上涨，原因包括消除视觉污染、吸引高收入家庭和减少犯罪。
Abstract Partly due to their negative effects on surrounding neighborhoods, some countries have been replacing distressed public housing developments with mixed-income housing. We study the impact of such policies on local housing markets in London, U.K., where several public housing developments were demolished and rebuilt while adding market-rate units on-site. We show that these ‘regenerations’ increase nearby house prices and rents, consistent with strong demand effects outweighing supply effects from additional market-rate housing in the immediate vicinity. We provide suggestive evidence that these effects are driven by regenerations removing an eyesore, attracting higher-income households, and reducing nearby crime.