Date of Award
8-2024
Document Type
Thesis
Degree Name
Master of Science (MS)
Department
Economics
Committee Chair/Advisor
Dr. Devon Gorry
Committee Member
Dr. Babur De los Santos
Committee Member
Dr. Scott Templeton
Abstract
In this thesis I explore the effect of increased investment in the single-family rental sector on inequality and housing affordability. I measure the effect of the single family rental (SFR) share on Gini indices and median rental prices across the largest U.S. cities. I construct three non lagged and three lagged models for each of the two dependent variables. In my analysis of the relationship between SFR shares and inequality, I do not find a significant relationship after accounting for potential reverse causality. However, the relationship between SFR shares and rent prices is shown to be negative and significant once accounting for reverse causality and incorporating comprehensive controls and fixed effects. These results indicate the complexity of the relationship between the growth of single-family rentals and economic issues like inequality and housing affordability. Moreover, the results highlight the importance of considering broader economic and policy contexts in the emerging build to rent sector.
Recommended Citation
Misurati, Hannah, "When Hedge Funds Move In: Socioeconomic Consequences of Single-Family Rentals" (2024). All Theses. 4376.
https://open.clemson.edu/all_theses/4376