Many communities in the United States face concerns about housing affordability. And while regulators and policy makers may consider a number of remedies, Chicago Booth’s Anthony Lee Zhang suggests that the conversation around affordable housing may be missing a key element: the role of the housing stock itself. Zhang explains evidence from his research with University of Southern California’s Erica Xuewei Jiang that indicates banks prefer to lend against certain types of houses—typically newer and more standardized housing—which can have big impacts on how easily different homes can be financed.

More from Chicago Booth Review

More from Chicago Booth

Your Privacy
We want to demonstrate our commitment to your privacy. Please review Chicago Booth's privacy notice, which provides information explaining how and why we collect particular information when you visit our website.