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"Urban economists understand housing prices with a spatial equilibrium approach that assumes people must be indifferent across locations. Since the spatial no arbitrage condition is inherently imprecise, other economists have turned to different no arbitrage conditions, such as the prediction...
Persistent link: https://www.econbiz.de/10003626686
Urban economists understand housing prices with a spatial equilibrium approach that assumes people must be indifferent across locations. Since the spatial no arbitrage condition is inherently imprecise, other economists have turned to different no arbitrage conditions, such as the prediction...
Persistent link: https://www.econbiz.de/10012750289
Persistent link: https://www.econbiz.de/10000654406
Persistent link: https://www.econbiz.de/10002770926
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Owner-occupied housing is said to be favored in the tax code because mortgage interest and property taxes can be deducted in the computation of one's income tax base in spite of the fact that the returns from owner- occupied housing = not taxed. The special tax treatment reduces the user cost of...
Persistent link: https://www.econbiz.de/10013308370
about their political leaders, joining non-professional organizations and even gardening. Homeownership may encourage these … investments because homeownership gives individuals an incentive to improve their community and because homeownership creates … conclusive, we find evidence that a large portion of the effect of homeownership on these investments may come from lower …
Persistent link: https://www.econbiz.de/10013226987
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When there are binding price controls, there are shortages and the allocation of goods across consumers may not be efficient. In general, the misallocation costs of price controls are first order, while the classic welfare losses due to undersupply are second order. This paper presents an...
Persistent link: https://www.econbiz.de/10013221092