Living and Working in Paradise: Why Housing Is Too Expensive and What Communities Can Do About It

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9780975502600: Living and Working in Paradise: Why Housing Is Too Expensive and What Communities Can Do About It

Affordable housing is a pressing problem that challenges communities today. Populations grow, but the supply of land remains fixed. Housing prices rise faster than incomes. Even middle-class folks can't afford to live in many communities any more. Cities and towns worldwide face a growing housing crisis. Living and Working in Paradise: Why Housing is Too Expensive and What Communities Can Do about It delves into the theories of economics and housing and identifies housing market externalities -- growth management regulations, exclusionary zoning and land-use regulations, and second-home demand - as the causes of housing market failure and the growing community housing crisis. As a means of addressing a community housing crisis, Living and Working in Paradise presents the Community Evaluation and Intervention Process, a systematic methodology for examining and evaluating the housing market in a community for the existence of market failure or for the factors and conditions that have been shown to lead to market failure, and for developing a vision, strategy, and plan for community intervention to address market failure and provide housing for community residents. As proof that communities can act to address market failure, the book presents the in-depth case study of four tourism communities, each experiencing housing market failure, who have effectively evaluated their housing market and intervened to address a housing crisis. Drawn from these cases are a series of lessons for the housing practitioner, the critical success factors and other keys to the development and implementation of an effective housing intervention.

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About the Author:

William S. Hettinger, Ph.D., is president and CEO of The Wyndham Financial Group, a consulting organization dedicated to helping communities design and implement housing and community development strategies, and evaluate the effectiveness of community development programs, and is an adjunct professor of management at Albertus Magnus College. Dr. Hettinger has more than twenty years of experience in housing, real estate, and community development. Over the years, he has been a developer of affordable housing; a housing director; a mortgage broker; an asset manager; a portfolio manager; and a consultant to corporations and nonprofits engaged in real estate, community development, and performance evaluation.

He earned a Ph.D. in international development from the University of Southern Mississippi, where his research focused on housing and tourism. He also earned an MBA from Rensselaer Polytechnic Institute and a bachelor’s degree from the University of Buffalo; and he is a graduate of the Economic Development Institute at the University of Oklahoma.

Review:

Overall, the text is highly informative and of considerable value to community planners, local government officials, civic activists and others. -- Planning Perspectives, January 2006

Overall, this book represents an excellent choice for anyone interested in housing markets, policies and planning. -- Urban Studies, August 2005

This book offers new insights into the issues, challenges, and opportunities facing community planners. -- Journal of Planning Literature, August 2005

We urge anyone and everyone concerned about the housing shortage to pick up a copy of Hettinger's book. -- Key West Citizen, July 31, 2005

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Hettinger, William S.
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