Dean Emeritus James W. Hughes talks about the rising cost of housing in NJ and what the future will bring.
“We know there is a shortage, a significant shortage of affordable housing in New Jersey, but the middle class is getting squeezed as well,” said Will Irving. “And it’s getting harder and harder for young families to afford to buy a house.”
“As these companies settled in as landlords, they’ve also made bulk deals with competitor firms to grow or shed their presence in particular markets. They are essentially trading with each other to enhance the performance of their overall inventory.”
The concept of “aging in place” appeals to many people as they strive to maintain their residence and independence despite evolving needs for supportive services during the natural course of aging. However, challenges persist, particularly for older adults residing in publicly subsidized senior housing.
Housing experts, including Rutgers University’s Eric Seymour, highlight the impact of corporate landlords in Las Vegas, who often outbid individual homebuyers and contribute to the unattainability of homeownership for many.
The New Jersey State Policy Lab held the 2023 Summer Internship presentations at the Bloustein School of Planning and Public Policy on August 17, 2023. The eight summer interns each presented on their subject of research, which covered a range of public policy topics related to education, housing, and public health in the Garden State.
Kathe Newman (Ralph W. Voorhees Center for Civic Engagement) and Prof. Seymour receive Rutgers Equity Alliance for Community Health (REACH) grants
The grant is among the first round of two-year, $4 million funding from REACH. The university wide presidential initiative aims to join community-based organizations, leaders and residents with university researchers, teachers and students to find ways to improve health and quality of life outcomes in three N.J. cities facing food insecurity, high unemployment, low high school graduation rates and low household incomes.
Bloustein School MPP student Gerardo Benavides worked with Make the Road New Jersey on a report titled Housing Insecurity: A survey of tenants in Elizabeth, Passaic and Perth Amboy.
The study draws on home sale price data in the Detroit tri-county area from 2008–2013. Results indicate REOs owned by HUD and private entities are associated with substantial discounts.
Bloustein PhD candidate Adam Scavette analyzes cost of living differences across the United States in his latest publication "Making Ends Meet. How does the local cost of living affect a household’s standard of living?" published in Regional Spotlight, from the...