This interdisciplinary volume illuminates housing's impact on both wealth and community, and examines legal and policy responses to current challenges. Also available as Open Access.

Introduction Lee Anne Fennell and Benjamin J. Keys; Part I. Housing and the Metropolis: Law and Policy Perspectives: 1. The rise of the homevoters: how the growth machine was subverted by OPEC and Earth day William A. Fischel; 2. How land use law impedes transportation innovation David Schleicher; 3. The unassailable case against affordable housing mandates Richard A. Epstein; Part II. Housing as Community: Stability, Change, and Perceptions: 4. Balancing the costs and benefits of historic preservation Ingrid Gould Ellen and Brian J. McCabe; 5. Historic preservation and its even less authentic alternative Lior Jacob Strahilevitz; 6. Losing my religion: Church condo conversions and neighborhood change Georgette Chapman Phillips; 7. How housing dynamics shape neighborhood perceptions Matthew Desmond; Part III. Housing as Wealth Building: Consumers and Housing Finance: 8. Behavioral leasing: renter equity as an intermediate housing form Stephanie M. Stern; 9. Housing, mortgages, and retirement Christopher Mayer; 10. The rise and (potential) fall of disparate impact lending litigation Ian Ayres, Gary Klein and Jeffrey West; Part IV. Housing and the Financial System: Risks and Returns: 11. Household debt and defaults from 2000 to 2010: the credit supply view Atif Mian and Amir Sufi; 12. Representations and warranties: why they did not stop the crisis Patricia A. McCoy and Susan Wachter; 13. When the invisible hand isn't a firm hand: disciplining markets that won't discipline themselves Raphael W. Bostic and Anthony W. Orlando.