| Abstract: | Using JW Forrester's Urban Dynamics city model as a starting point, an economic model of the housing market of New York City was constructed incorporating City data on housing stock, rent levels, operating expenses and return on capital. Several possible housing policies were examined over a range of model parameters. It was found that, as Forrester found, artificially restricting new housing construction and increasing slum housing demolition would serve to drive the poor from the City by making adequate housing unavailable but, in contrast to Forrester's conclusions, this would have little effect on upward mobility, the availability of jobs, or influx of labor population. |
