Cruijsen, Carin van der; Jansen, David-Jan; Rooij, … - de Nederlandsche Bank - 2014
. Optimism is both driven by loss aversion and an endowment effect as overestimation of the house value is positively related to … the mortgage loan-to-value ratio and tenure of the owner-occupier. After several years of national declines in house … prices, the estimates in our sample have become more realistic but the glasses of homeowners remain rose-colored. Even groups …