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high-availability Airbnb listing crowds out 0.6 long-term rentals and, consequently, increases the asked square-meter rent …, these district experienced a larger slowdown in rent increases following the reform due to larger reductions in Airbnb …We exploit two policy interventions in Berlin, Germany, to causally identify the impact of Airbnb on rental markets …
Persistent link: https://www.econbiz.de/10012515043
temporary rent control policy in Berlin, Germany. We calibrate the model to key features of Berlin’s housing market, in … particular the recent gentrification of inner city locations. As expected, gentrification benefits rich homeowners, while poor … renter households lose. Our counterfactual analysis mimicks the rent control policy. We find that this policy reduces welfare …
Persistent link: https://www.econbiz.de/10012696919
We develop a dynamic stochastic equilibrium model of two locations within a city where heterogeneous households make joint location and tenure mode decisions. To investigate the effect of homeownership on equilibrium prices and allocations, we compare the response of this model economy to a...
Persistent link: https://www.econbiz.de/10011514075
This paper exploits the homogeneity feature of the Singapore private residential condominium market and constructs matched home purchase price and rental price series using the repeated sales method. These matched series allow us to conduct time series analysis to examine the long-term present...
Persistent link: https://www.econbiz.de/10011350189
We study market rents in the neighborhood of asylum seeker hosting centers. Our empirical setting exploits the quasi-random opening of centers and spatial allocation of asylum seekers in Switzerland. Rents within 0.7km of an active center are found on average to be 3.8% lower than rents in the...
Persistent link: https://www.econbiz.de/10014251417
I use daily data from fifty major cities to investigate the early effects of the COVID-19 pandemic on housing market in the United States. I find that starting from the second half of March, 2020, new home listings and pending home sales started to decrease. By mid-April, certain markets...
Persistent link: https://www.econbiz.de/10012224225
This paper investigates whether and how gentrification spreads along intercity transport connections. We consider a … this effect second-hand gentrification. We confirm these predictions using the 2017 expansion of the French HSR network …
Persistent link: https://www.econbiz.de/10013390938
housing affordability and neighborhood quality. Using hedonic regression methods and household micro data, we find that rent …
Persistent link: https://www.econbiz.de/10011734387
In view of regional house prices drifting apart, we examine whether regionally differentiated macroprudential policies can address financial stability concerns and moderate house price differences. To this end, we disaggregate both the household sector and the housing stock in a two-region DSGE...
Persistent link: https://www.econbiz.de/10011794305
This paper examines the reaction of house prices in a panel of euro area countries to monetary policy surprises over the period 2010-2019. Using Jordà’s (2005) local projection method, we find that real house prices rise in response to expansionary monetary policy shocks that can be related...
Persistent link: https://www.econbiz.de/10012509392