Ha, Sejeong; Hilber, Christian A. L. - London School of Economics (LSE) - 2013
destination housing market rises, the amount and quality of information collected fall, and the chances of making an ill …-informed housing purchase decision increases, reducing the likelihood of such a purchase. Since owning relative to renting is … decrease with the distance moved. Using data from the Survey of English Housing from 1993 to 2008, we document that, consistent …