Ava Whittington

English 2010
Annotated Bibliography
3/25/20

Annotated Bibliography

Introduction:

Today, the rising housing prices are causing many young adults to live with parents.

Young adults, even including those up to the age thirty-five are working to make a living and

find their own housing away from parents. The question to be asked is: why are Utah’s housing

prices rising and how are they affecting the younger generation? For those who have lived in

Utah most of their lives it is easy to notice the change that this state has gone through. From

much farmland and open space to housing developments to fit the many families coming into

Utah. Also noticed are the rising housing prices, although it is normal to see inflation over the

years, Utah has seen tremendous growth in the prices of homes.

The sources that are going to be used in the upcoming research paper while also

mentioned in this annotated bibliography are all related to the question asked above. These

sources introduce and discuss the rising housing prices in Utah and other states. Also mentioned

is the ability the younger generation has with buying these homes at the elevated price. Although

not all sources are specifically tied to Utah, there is great information that can be used to learn

more about the situation at hand. Along with exploring the fact that the younger generation is

having a hard time affording housing it is also discussed the reason for the rising prices,

especially in Utah.
Dickerson, A. M. (2016). Millennials, affordable housing, and the future of homeownership.

Journal of Affordable Housing & Community Development Law, 24(3), 435-465.

This journal article “Millennials, affordable housing, and the future of homeownership”

by Mechele Dickerson tackles the issue Millennials are having with affording housing.

Dickerson (2016) says “wage instability and sluggish and stagnant income make it harder for

young adults to find affordable housing”. Mechele Dickerson explains that many young adults

are paying more than 50% of their income for housing and even with a full time job they are

hardly making the requirements (2016). Also brought up is the racial difference between

neighborhoods because of the housing prices and income differences. Lastly solutions are

brought up, such as: modifying mortgage interest, shared equity housing, scaling homes to

household needs, and revising zoning laws.

The source for this article is credible, they work with many academic communities to

connect those to scholarly content and keeping cost low. This journal article was written in 2016

so once again, it is pretty curent and up to date on the times. The objective of the source is to

connect people and provide, which shows it is a good source. The author of this source is

nationally recognized for being an expert on consumer debt and homeownership.

Hoolachan, J., & McKee, K. (2019). Inter-generational housing inequalities: ‘Baby

Boomers’ versus the ‘Millennials.’ Urban Studies, 56(1), 210–225.

https://doi.org/10.1177/0042098018775363

This article “Inter-generational housing inequalities: ‘Baby Boomers’ versus the

‘Millennials’” by Jennifer Hoolachan and Kim McKee dive deep into the different generational

inequalities. They say “Such inequalities have led to narratives of intergenerational conflict with
Baby Boomers framed as jeopardising the futures of Millennials”. Many young people have

looked at the older generation and have seen the inequalities between the two generations.

Because of the difference between the two generations and how things have changed it leads to

some difficulty. Jennifer Hoolachan and Kim McKee found in their research “Several young

people pointed to challenges in the labour market which they perceived as hindering their

opportunities to establish a career and, in turn, their ability to achieve their housing goals”. In the

olden days it was easier to go to college and get degrees with little to no debt, nowadays it’s

much more of a challenge to have little debt and that hinders on the ability to fulfil dreams and

especially housing goals.

SAGE journals is a world class journal providing access to research journals and allows

search for certain disciplines. The publishing of “ Inter-generational housing inequalities: ‘Baby

Boomers’ versus the ‘Millennials’” is a reputable source from a reputable site. It was published

in 2018 showing it is current and up on the issue. SAGE journals have no to little bias and keep

their site full of good journals and articles.

Koushik, M., & Koushik, M. (2018, May 10). PSA: Millennials feel like kids because we

can't afford to be adults. Retrieved from

https://thefinancialdiet.com/psa-millennials-feel-like-kids-afford-live-like-adults/

In the article “PSA: Millennials feel like kids because we can’t afford to be adults” by

Meghan Koushik her personal thoughts are brought up about her time trying to be an adult.

Koushik's main issue is how this new generation needs to put a new definition of adulthood.

Meghan Koushik’s (2018) expresses that “we also need more collective understanding that the

world we’re dealing with is a very different place from the world our parents entered in their
twenties”. The older generations had a different experience and with the world changing so does

people's mindsets. This isn’t to say that things being different is the only problem, Meghan

Koushik’s (2018) also says “the things we need for stability and security — housing, healthcare,

and education — are skyrocketing in cost”. Millenials and the younger generation are unable to

afford the necessary things because of student debt, wages staying the same, and other unfair

prices.

The Financial Diet which Meghan Koushik is associated with is a site that started to track

the founders budget. From there it has become a spot where writers can voice their personal

finance. The credibility from this source is reasonable, it publishes personal opinions and within

those articles are more research. For this specific source by Meghan Koushik it is credible, there

are other links the author implants within the article to show more data. Meghan Koushik is also

a Stanford Law student and is very educated showing her credibility. The article was also written

in 2018 so it is current with the issues. Biases with this source is that it is more of a personal

opinion. The article is about Meghan and her dealings with becoming an adult, but to fight back

those biases she includes other references to support her claim.

Lee, J. (2020). Utah housing prices expected to continue rise to record prices. Retrieved

from

https://www.ksl.com/article/46705928/utah-housing-prices-expected-to-continue-rise

-to-record-prices

Jason Lee from KSL writes the article “Utah housing prices expected to continue rise to

record prices”. In this article it is specifically discussed why prices are rising in Utah and by how

much. Jason Lee (2020) quotes James Wood saying “He said changing demographics, a strong
job market and a robust economy have contributed to the rising housing costs”. Utah has become

a place to live and the economy is changing for the good which adds to the rising housing prices.

Wood also quotes that “ (There are) millennials (with) graduate degrees, professionals, and one

of the problems is they want to live in Salt Lake City and even Rose Park is pretty expensive, so

they just get discouraged. It’s tough. It’s really tough”. The younger generation is struggling and

those caught outside the housing market coming into it is just not working out all that great.

KSL news is a reputable source for Utah and is right leaning. The article that was written

by Jason Lee was published by KSL 2020. Jason Lee is an award winning journalist for Deseret

News and also has his Masters degree from Weber State University. This source is credible and

is right on the issue of rising housing prices in Utah.

Matlack, J. L., & Vigdor, J. L. (2008). Do rising tides lift all prices? income inequality and

housing affordability. Journal of Housing Economics, 17(3), 212-224.

doi:10.1016/j.jhe.2008.06.004

In this source “Do rising tides lift all prices? Income inequality and housing

affordability” by Janna L. Matlack and Jacob L. Vigdor they mainly discuss the income

inequality and how that affects housing prices. These two arthurs bring up the “trickle down”

effect, this is where the wealthier gain or lose income and that affects everyone under them. They

go over two models of housing markets, next they go over whether income inequality leads to

poor housing markets.

This source, ScienceDirect, is leading in peer reviewed articles. This site helps find

trusted answers to the leading research questions. This source is very reputable and trusted. This

source by Janna L. Matlack and Jacob L. Vigdor was written in 2008 making it current, one
problem is that it is vague. It does assess the problems found in the United States but thats pretty

much how specific they get.

McGuire, A., Tribune, & Salt Lake Tribune, Inc. (2019,Dec, 01). Angela McGuire: Utah

tech sector partnership needed to solve housing problems. Retrieved from

https://www.sltrib.com/opinion/commentary/2019/12/01/angela-mcguire-utah-tech/

The article “Angela McGuire: Utah tech sector partnership need to solve housing

problems” written by Angela McGuire specifically discusses the tech business coming to Utah.

Because of a new whole business planting its seeds in Utah come consequences. Angela

McGuire mentions that “Utahns have experienced heightened demand for housing, pressure on

transportation, and wage inequities”. These well paying tech jobs are allowing those who work in

the tech sector to afford pricery homes, raising prices and leaving others in the dust.

The Salt Lake Tribune is a non-profit newspaper starting in October 2019. They work on

reporting local government and other worthy news. They have been known to lean left and to

have very high factual reporting. Angela McGuire is a fellow with Action Utah and is in support

of non-partisan, solution-based civic engagement. This article was written in Dec 2019 making it

current and up to date on this housing issue.

(n.d.). Retrieved from https://www.zillow.com/ut/home-values/

This source provides visual and many statistical data for the housing in Utah. Zillow

expresses that “ Utah home values have gone up 5.2% over the past year and Zillow predicts they

will rise 4.4% within the next year”. With this rise, it can be gathered that Utah is booming and

there is much to expect from the future.

 Because Zillow is an automatic system it is not credible. It is a good source for an

educated guess but there is really nothing backing it up.​ ​The information is up to date so that

helps with the projection. It also helps that Zillow is directly into the housing business and their

objective is to inform buyers and sellers.

Richter, F. (2019, May 28). Infographic: Where home prices are rising fastest (and

Slowest). Retrieved from

https://www.statista.com/chart/18199/percentage-change-in-house-prices-in-the-us-b

etween-q1-2018-and-q1-2019/

This infographic by Statista shows where U.S. homes are rising fast. From the

infographic it is seen that Utah is third in fastest rising at 8.9%. This change is noted to be from

Q1 2018 to Q1 2019, so a whole year is documented. Felix Richter who wrote the small article

says “House prices have risen consistently over the last 31 quarters” as cited by Dr. William

Doerner. This shows that Utah housing prices have been rising and over the last 31 quarters there

has been a consistent rise.

Statista gathers their information from many sources and puts them all onto one platform.

They are a reliable source because they have more than one source. They have been reported to

have no lean toward the left or right and have high factual reporting. This infographic was

published in 2019 and is up to date.

Srinivas, V. (2019). Explaining the increase in young adults living with parents. Journal of

Economic Issues, 53(4), 1017-1028. doi:10.1080/00213624.2019.1664237

 Vishnu Srinivas who writes “ Explaining the increase in young adults living with

parents”

Talks about the specific issues on why the numbers of young adults living with parents are

rising. Srinivas uses her source, Hening 2010, quoting “Popular explanations have often blamed

Millennials for refusing to grow up”. This is not the only problem and much of the older

generation forgets that many economical changes are happening. One of Srinivas' sources

explains that rising college tuition is bringing forth more debt for those who attend college.

Although not specified, Vishnu Srinivas brings up that the source also brings up the local home

prices (2019). After going through research, Srinivas comes up with one of the following results:

“Declining rental affordability cumulatively explains about 40% of the rise in parental

co-residence”. In closing, Srinivas finds that the unavailability for the younger generation to rent

causes an increase in co-parent inhabiting. One last input Vishnu Srinivas has is that “ In short,

young adults face higher costs for renting even as they have experienced weaker income growth

than other age groups”.

This source provided by Weber state is a credible source. The Journal of Economic Issues

is there to provide investigations related to business and finance. The date this article was

published was Dec, 2019 which shows it is up to date on statistics. The object of Srinivas' article

is to inform those of the rising renting prices that young adults face. Srinivas says “If the country

wants Millennials to grow up, one way would be to make renting more affordable”. The

references used in this article are also current and can be found through google scholar.

Wallace, B. (2017). Housing shortage good for some but may hamper economic future. The

Enterprise, 47(12), 1-19

 Brice Wallace writes “ Housing shortage good for some but may hamper economic

future”. This source brings up the shortage in housing in Utah and how that affects the younger

generation. Wallace quotes, saying “Utah's housing shortage is great for homeowners but tough

for young people and eventually could hamper the state's economic development”. This main

problem is what is causing lower homeownership

ProQuest is a site where 14 databases are searched for scholarly journals and more. It is a

reputable source that informs and is non biased. The source I am using is from 2017 so it is up to

date and current on my topic.