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A model of the term structure of lease rates in a frictionless economy is developed and its predictions are compared with data on residential leases in Japan. The model shows that the initial lease rate for a cancellable lease must be set higher than that for a non-cancellable lease because the...
Persistent link: https://www.econbiz.de/10011258927
factors. Factors were used as constructs of the motivation of homeownership. The results conclude that Malaysian householders …
Persistent link: https://www.econbiz.de/10009372543
In this paper, we build the rationale of the financial intermediate's decision of making loans to potential home buyers over an infinite time horizon. In the first period "good" borrowers with stable future income flows receive loans and buy homes. In later periods, the intermediate securitizes...
Persistent link: https://www.econbiz.de/10009353531
This article provides the in-sample estimation and evaluates the out of-sample conditional mean and volatility forecast performance of the conventional Generalized Autoregressive Conditional Heteroscedasticity (GARCH), Asymmetric Power Autoregressive Conditional Heteroscedasticity (APARCH) and...
Persistent link: https://www.econbiz.de/10011109024
In this study, we investigate the effects of age structure dynamics of population on the housing demand in Turkey. The critical question is how the housing demand moves in the environment of positive population growth with declining rate and aging population. We use TurkStat Household Budget...
Persistent link: https://www.econbiz.de/10011259761
This paper analyzes some determinant conditions under which neighborhood formation gives rise to segregation by income …
Persistent link: https://www.econbiz.de/10005108472
homebuyers in the region and the city who were African-American or low-income declined. Finally, we find that segregation levels …
Persistent link: https://www.econbiz.de/10005621467
The town of Wolfville, Nova Scotia is a small historic community, economically dominated by Acadia University. It is located on the north slope of a ridge, affording views of the Minas Basin, at the eastern end of the Bay of Fundy. The upper boundary of the town is a major provincial highway. A...
Persistent link: https://www.econbiz.de/10005790275
homeownership and individual social capital investment is largely confined to more built-up neighborhoods (with more inelastic …
Persistent link: https://www.econbiz.de/10005260161
examining a detailed knowledge of home owning determinants. Homeownership should be encouraged as positive externalities of … homeownership can be found in many housing surveys. Homeownership is a complex issue that is the result of many determinants … providing subsidies to low income families and creating incentives to save for homeownership. Efforts also needed to extend …
Persistent link: https://www.econbiz.de/10009372514