Market Effects and Rent Capitalization Risks

Joined by a 20-year veteran of Fannie Mae, Shane shares findings from his work on a proposed new model for building renter wealth: shared prosperity rental housing.

Show notes:

• Phillips, S. (2025). Building Renter Wealth: An Evaluation of Shared Prosperity Rental (SPR) Housing Program Design and Feasibility. UCLA Lewis Center for Regional Policy Studies.
• Executive summary for the SPR report.
• Shane’s 2021 article in The Atlantic, “Renting is Terrible, Owning is Worse.”
• Shane’s blog posts preceding and following the article in The Atlantic.
• Monkkonen, P., Carlton, I., & Macfarlane, K. (2020). One to four: The market potential of fourplexes in California’s single-family neighborhoods. UCLA Lewis Center for Regional Policy Studies.
• The Multifamily Impact Council’s Multifamily Impact Framework.
• Enterprise Community Partners’ Renter Wealth Creation Fund website.
• Colorado Renter Rewards program website.