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| Measuring the Effects of "Adults
Only" Age Restrictions on Condominium Prices Author: Marcus T. Allen Start Page: 339 Abstract: Current U.S. housing
policy prohibits discrimination in the sale or rental of housing or in the provision of
brokerage services on the basis of race, color, religion, sex, national origin,
disability, or familial status. Since 1988, an exception to this policy has permitted
owners and operators of buildings and facilities that were intended to be operated as
housing for older persons to discriminate against younger residents, including families
with children and pregnant women, without violating the nation's fair housing laws. This
exception was clarified by the Housing for older persons. The purpose of this study is to
consider whether such restrictions have a measurable effect on housing prices. Based on
data from condominium transactions in southeast Florida, the results presented here
suggest that age restrictions have a positive price effect, holding other determinants of
condominium prices constant. |
