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and homeownership. The cost of shelter is an important determinant of whether youth live independently (apart from parents … and other nonrelated adults), and the cost of homeownership relative to renting is important to the tenure decision … lowered the homeownership rate among young households by 23 percent, which is equivalent to slowing the time to first …
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homeownership. The factors related to this increase are marriage, increased labor supply by married women, and gifts …
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This paper describes the real wealth accumulation of American youth and relates this behavior to variations in real constant-quality house prices in their localities of residence. We argue that increases in the real constant-quality house price have two offsetting effects on wealth. First, the...
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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...
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