This paper examines the role of U.S. housing-related tax expenditures in creating incentives for decentralization and … interest and property taxes make housing less expensive relative to other goods and, hence, increase the quantity of housing … the consumption of housing services, they lower the cost of geographic sorting by income typically associated with …

This paper examines the potential impact of the federal tax treatment of housing, which provides tax advantages that … treatment of housing is likely to have impacts on older, developed communities with fixed boundaries, such as central cities … authors show that the tax treatment of housing not only increases the incentives for lower density development, but it also …

. The model explicitly incorporates the dual feature of housing as both a consumption good and an investment asset and … allows for costly adjustments in housing and mortgage positions. Li and Yao's analysis indicates that although house price …. In particular, the non-housing consumption of young and old homeowners is much more sensitive to house price changes than …

This paper provides a brief introduction to a proposed new opportunity cost treatment of owner-occupied housing in … other papers that discuss various aspects of the treatment of owner-occupied housing in measures of inflation for a number …

. Owning a house provides a hedge against fluctuations in housing costs, but in turn introduces asset price risk. In a simple …’s expected horizon in its house and with the correlation in housing costs in future locations. Empirically, they find that both …