TY - JOUR
T1 - Life-Cycle Costs of Housing for the Mentally Ill
AU - Harkness, Joseph
AU - Newman, Sandra
AU - Galster, George
AU - Reschovsky, James
PY - 1997/9
Y1 - 1997/9
N2 - This paper estimates the life-cycle costs of housing for persons with mental illness using 5-year and 30-year holding periods and discount rates of 3.5, 5.75, and 8.0%. Life-cycle costs are between 5 and 7% higher in buildings occupied only by mentally ill tenants compared to buildings with no mentally ill tenants. However, the economies of scale in maintenance and repair that exist in buildings occupied by the non-mentally ill are not observed in buildings with mentally ill tenants. Additionally, buildings located in lower-quality neighborhoods have lower life-cycle costs when the tenants are mentally ill, just the reverse of the case for the general population.
AB - This paper estimates the life-cycle costs of housing for persons with mental illness using 5-year and 30-year holding periods and discount rates of 3.5, 5.75, and 8.0%. Life-cycle costs are between 5 and 7% higher in buildings occupied only by mentally ill tenants compared to buildings with no mentally ill tenants. However, the economies of scale in maintenance and repair that exist in buildings occupied by the non-mentally ill are not observed in buildings with mentally ill tenants. Additionally, buildings located in lower-quality neighborhoods have lower life-cycle costs when the tenants are mentally ill, just the reverse of the case for the general population.
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U2 - 10.1006/jhec.1997.0212
DO - 10.1006/jhec.1997.0212
M3 - Article
AN - SCOPUS:0001791609
VL - 6
SP - 223
EP - 247
JO - Journal of Housing Economics
JF - Journal of Housing Economics
SN - 1051-1377
IS - 3
ER -