Cash, Condos, and Crisis: What about North Carolina? Public Deposited

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Creator
  • Hollifield, M. Shea
    • Affiliation: College of Arts and Sciences, Department of City and Regional Planning
Abstract
  • The conversion of rental housing units to single ownership or condominiums has become an increasingly significant component of the American housing market. Between 1970 and 1979, 346,476 rental units were converted to condominiums, and the Department of Housing and Urban Development(HUD) projects that an additional 1.1 million units will be converted between 1979 and 1985 (HUD, I98O, pp. IV-6, ii). A great deal of controversy and speculation has been generated regarding the effect these conversions will have on the housing market. The Southeast, with the exception of resort areas in Florida, has not experienced the same rate of conversions that other sections of the country have. Continued growth and industrialization, accompanied by the continual high cost of new construction, indicate that Southern states can expect to see increased conversion activity in the 1980s. Instead of responding to conversions reactively, North Carolina state and local governments need to take steps to limit the negative impacts that other regions have experienced. A study of national conversion trends, consideration of local situations and needs and analyses of existing and proposed state legislation would enable North Carolina to formulate a framework that is suitable to address conversions both today and in five years.
Date of publication
DOI
Resource type
  • Article
Rights statement
  • In Copyright
Journal title
  • Carolina Planning Journal
Journal volume
  • 7
Journal issue
  • 1
Page start
  • 26
Page end
  • 32
Language
  • English
Digital collection
  • Carolina Planning Journal
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