Journal Facts

Journal
Journal of Environmental Systems
ISSN
0047-2433 (print) 1541-3802 (electronic)
Volume
18
Issue
2
Date
1/1/1988

Article Facts

Title
Asbestos Removal and Treatment Impacts on Housing and Urban Neighborhoods
DOI
10.2190/HM4F-4DAU-PQXT-KMJ5
Authors
  • Kevin Croke
  • Edward Mensah
  • Robert Fabian
  • George Tolley
Pages
123-131
Online Date
05/09/2002

Article Links

Asbestos Removal and Treatment Impacts on Housing and Urban Neighborhoods

Kevin Croke
Edward Mensah
Robert Fabian
George Tolley

DOI: 10.2190/HM4F-4DAU-PQXT-KMJ5

Abstract

Reducing the health hazard caused by the presence of asbestos in buildings is likely to give rise to costly adjustments in the nation's stock of buildings. This article focuses on the residential building stocks, and estimates the effects of several regulatory scenarios on building values, building life and the decision to convert buildings to high-income uses. We find that the value of low-income buildings is seriously eroded by the abatement scenarios analyzed. Conversion of buildings by rehabilitation is discouraged because values inclusive of rehabilitation costs are seriously reduced, and incentives to delay are introduced. Effects on building values in high-income neighborhoods are relatively less severe.

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