Renting the Dream: The Rise of Single-Family Rentership in the Sunbelt Metropolis

In the aftermath of the foreclosure crisis, there has been a marked shift toward renting in the United States, with a large increase in households renting single-family homes. In the 50 largest metropolitan areas, the number of detached, single-family rental homes (SFRs) increased from 3.8 million to 5.8 million from 2006 to 2015. Single-family rentership rates increased in all 50 large metro areas, with the percentage of single-family units that are rented increasing from 11.3% to 16%. Notably, the nine metropolitan areas with the largest increases were all located in the Sunbelt. Given expected neighborhood sorting, it is important to consider neighborhood increases in SFRs. In one large Sunbelt metro area, Atlanta, increases in SFRs from 2010 to 2015 were particularly large in older, inner-county diverse suburbs. Regression results show that, controlling for other neighborhood characteristics, neighborhoods with larger Asian, Latino, and black populations saw larger increases in SFRs. The effects were particularly high in neighborhoods with larger Latino and, especially, Asian populations. Another key finding is that, in neighborhoods with lower property values, more foreclosures during the crisis were associated with sizeable increases in SFRs. However, more foreclosures in neighborhoods with high property values were not associated with increases in SFRs. This is possibly due to the exclusionary nature of high property-value suburbs and the strong demand in such neighborhoods for owner-occupied housing. Implications for policy and research are considered.     

From Qualified Majority to Simple Majority: The Effects of the 1992 Change in the Finnish Constitution

This paper analyzes the consequences of the 1992 change in the voting rule in the Finnish Parliament. Before this reform, one third of all Parliament members could delay a law proposal for reconsideration by the Parliament. This rule was abolished in 1992 which meant that the Finnish Parliament finally adopted a simple majority rule to decide on new legislation. The empirical part of this article analyzes the effects of the reform on the parliamentary parties voting power. The voting power of the big parties increased compared to that of the small parties. However, the variation among smaller parties was greater. The biggest losers were medium size parties. Considering the government and the parliament as institutions, the emphasis clearly moved to the government. Considering parties in the government coalitions as a whole (adding up their share in the government and in the Parliament), the picture was quite clear. The opposition lost at least some of its voting power. This change was clearest in the case of the party government model in which the opposition lost its voting power completely.