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compensation for risk, especially for higher covariance with income growth and lower liquidity. Superstar real estate is …
Persistent link: https://www.econbiz.de/10012797899
risk, especially for higher co-variance with income growth and lower liquidity. Superstar real estate is comparatively safe. …
Persistent link: https://www.econbiz.de/10012799478
This study explores the relationship between income growth and housing prices in Poland's seven largest cities from … offer and transaction prices in the real estate market, confirming the hypothesis of a relationship between income growth …
Persistent link: https://www.econbiz.de/10015393640
I show that individuals whose unemployment risk tends to increase more when local home prices fall optimally invest less in owner-occupied housing. Using a unique, Swedish register-based database, I find that a one standard deviation increase in the covariance between individually estimated...
Persistent link: https://www.econbiz.de/10010203021
The recent surge in property values in China has been similar to the surge in the U.S before the crash in 2007. This raises concerns about whether China is destined to have a crash as well. We estimate similar models of property values for the two countries, in order to compare price dynamics...
Persistent link: https://www.econbiz.de/10012914765
Economic models of housing markets have struggled to explain persistent cycles in house prices, housing supply and housing finance, in particular in major cities. Housing markets are complex systems and standard equilibrium-based models may not be well equipped to capture the role of feedback...
Persistent link: https://www.econbiz.de/10014355881
housing policies tend to support the lower-income band. The PRC focuses on the young and the rich; hence, most regulative … housing policies for the higher-income band have turned out to be unsuccessful. Hong Kong, China also aims to assist public …
Persistent link: https://www.econbiz.de/10011453313
structure, and their position in the income distribution. Second, we apply selected international housing affordability …
Persistent link: https://www.econbiz.de/10011862979
literature has used the price-income ratio as the main standard to assess housing affordability, with the median disposable … household income of the sample population commonly used. As such, conclusions drawn from macro-level analyses are devoid of … considering age cohorts, income percentiles, and different house types. An analysis was also conducted over the time period from …
Persistent link: https://www.econbiz.de/10012900511
We empirically document that the effectiveness of the German rent control introduced in 2015 in achieving rental housing affordability is limited. Exploring the reasons for this limited effectiveness we focus on the impact of the rent control on the yield on rental housing investments proxied by...
Persistent link: https://www.econbiz.de/10013502439