Housing

Senior lecturer Edward Golding speaks with Bloomberg’s  Caroline Hyde, Romaine Bostick and Joe Weisenthal about a new study he co-authored, which finds that Black Americans pay more for their homes.

Bloomberg reporter Yalman Onaran writes that a new study by MIT researchers finds that Black homeowners pay more over the life of a home loan, hurting their ability to save for retirement. “The biggest reason for the gap is the risk-based pricing found in most U.S. mortgages, which disadvantage Black borrowers because they tend to make smaller down payments and have lower credit scores,” writes Onaran.

Bloomberg reporter Kriston Capps finds that evictions disproportionately impact Black renters in the City of Boston. Capps writes that the “research shows that communities of color — eviction hubs even under normal times — are already bearing the disproportionate burden of the pandemic housing crisis.”

In an article for Forbes, Champaign Williams highlights a new app developed by two MIT graduates that, “connects millennials and college students in search of temporary housing with baby boomers who have excess space and could use the extra cash.”

In an article for the BBC News, Jane Wakefield highlights a gesture-controlled transforming unit designed for small homes by MIT researchers. "We need to think of technology-enabled furniture as a platform for integrating other technology because in a small apartment it is not practical to put in conventional systems," explains Principal Research Scientist Kent Larson. 

Robert Samuelson writes for The Washington Post about research by Professor Antoinette Schoar that indicates that risky loans were not the primary reason for the 2008 housing bubble. The crisis “was caused, at least in part, by a larger delusion that was the bubble’s root source,” writes Samuelson of the research.