Abstract
This chapter focuses on three common stressors in the housing market: affordability, adequacy, and displacement. They represent disruptions in the housing market that undermine people’s experience of home and consequently their trust relations in and around the home. As housing becomes increasingly unaffordable, residents fear that they will not be able to keep pace with rising rents and housing costs. At the same time, the quality of housing is poor, and those who can no longer afford to live in the newly built and well-maintained apartments in the city center are bound to inadequate and grossly substandard housing. Most prevalently, however, this is felt in communities that battle with displacement. Many people fear displacements—or have already experienced displacement—either moving because of growing financial pressure or because they were asked to leave, formally evicted, or foreclosed on. The loss of home equals the loss of a familiar, trusted environment as much as it is the loss of a trust network of friends and neighbors. This chapter focuses on residents’ experiences, highlighting that home is not only about physical residence but also about the trust networks that have developed around it.
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Notes
- 1.
Zillow Observed Rent Index (ZORI): A smoothed measure of the typical observed market rate rent across a given region. ZORI is a repeat-rent index that is weighted to the rental housing stock to ensure representativeness across the entire market, not just those homes currently listed for rent. The index is dollar-denominated by computing the mean of listed rents that fall into the 40th to 60th percentile range for all homes and apartments in a given region, which is once again weighted to reflect the rental housing stock.
- 2.
Home Purchase Assistance Program by the District of Columbia.
- 3.
Referring to the author’s hometown.
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Keller, J. (2024). The Disruption of Trust and Trust Networks: Tracing Residents’ Struggles in the Housing Market. In: The US Housing Crisis. The Urban Book Series. Springer, Cham. https://doi.org/10.1007/978-3-031-57758-1_5
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