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Taxes and the user cost of capital for owner-occupied housing

Hendershott, Patric H.; Slemrod, Joel - 1982

Persistent link: https://www.econbiz.de/10002770926

Taxes and the User Cost of Capital for Owner-Occupied Housing

Hendershott, Patric H. - 1982

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/10012478178

Endogenous Mortgage Choice, Borrowing Constraints and the Tenure Decision

LaFayette, William C. - 1995

Earlier research has shown that lender income and wealth constraint ratios discourage homeownership. This empirical …, the measured impact on the homeownership rate of the constraints falls to only 4 percentage points. Further, FHA loans are … estimated to increase homeownership by only 0.1 to 0.2 percentage points …

Persistent link: https://www.econbiz.de/10012473815

Endogenous mortgage choice, borrowing constraints and the tenure decision

LaFayette, William C. - 1995

Persistent link: https://www.econbiz.de/10013416789

Estimating the rental adjustment process

Hendershott, Patric H.; MacGregor, Bryan D.; Tse, … - 2000

Persistent link: https://www.econbiz.de/10001517126

Estimating the Rental Adjustment Process

Hendershott, Patric H. - 2000

Rental adjustment equations have been estimated for a quarter century. In the U.S., models have used the deviation of the actual vacancy rate from the natural rate as the main explanatory variable, while in the UK, drivers of the demand for space have dominated the estimation. The recent papers...

Persistent link: https://www.econbiz.de/10012470825

Accelerating inflation, nonassumable fixed-rate mortgages, and consumer choice and welfare

Hendershott, Patric H.; Hu, Sheng Cheng - 1981

Persistent link: https://www.econbiz.de/10002769242

The allocation of capital between residential and nonresidential uses : taxes, inflation and capital market constraints

Hendershott, Patric H.; Hu, Sheng Cheng - 1981

Persistent link: https://www.econbiz.de/10002769290

Accelerating Inflation, Nonassumable Fixed-Rate Mortgages, and Consumer Choice and Welfare

Hendershott, Patric H. - 1981

housing demand during a period of accelerating inflation (l965_71l). We calculate that typical households who bought houses …

Persistent link: https://www.econbiz.de/10012478360

The Allocation of Capital Between Residential and Nonresidential Uses : Taxes, Inflation and Capital Market Constraints

Hendershott, Patric H. - 1981

inflation rate, with and with- out an increase in the risk premium on equities, was then simulated with a number of model … cost was 3 percentage points less than that for corporate capital) and the manner in which inflation magnifies it (the … finance instruments would overcome this reallocation but at the expense of corporate capital. Only a reduction in inflation or …

Persistent link: https://www.econbiz.de/10012478397