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Why is Manhattan So Expensive? Regulation and the Rise in House Prices
Glaeser, Edward L. - 2003
In Manhattan and elsewhere, housing prices have soared over the 1990s. Rising incomes, lower interest rates, and other factors can explain the demand side of this increase, but some sluggishness on the supply of apartment buildings also is needed to account for the high and rising prices. In a...
Persistent link: https://www.econbiz.de/10012468570
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Discrimination During Eviction Moratoria
Arefeva, Alina; Jowers, Kay; Hu, Qihui; Timmins, Christopher - National Bureau of Economic Research - 2024
We provide evidence of intensified discriminatory behavior by landlords in the rental housing market during the eviction moratoria instituted during the COVID-19 pandemic. Using data collected from an experiment that involved more than 25,000 inquiries of landlords in the 50 largest cities in...
Persistent link: https://www.econbiz.de/10014512143
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The Nominal Rigidity of Apartment Rents
Genesove, David - 1999
among apartment rents in the U.S. between 1974-1981. 29 percent of units had no change in nominal rent from year to year …
Persistent link: https://www.econbiz.de/10012471657
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The Coming Rise in Residential Inflation
Bolhuis, Marijn A.; Cramer, Judd N. L.; Summers, … - National Bureau of Economic Research - 2022
We study how the recent run-up in housing and rental prices affects the outlook for inflation in the United States. Housing held down overall inflation in 2021. Despite record growth in private market-based measures of home prices and rents, government measured residential services inflation was...
Persistent link: https://www.econbiz.de/10012938764
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Platform as a Rule Maker : Evidence from Airbnb's Cancellation Policies
Jia, Jian; Jin, Ginger Zhe; Wagman, Liad - National Bureau of Economic Research - 2021
Digital platforms are not only match-making intermediaries but also establish internal rules that govern all users in their ecosystems. To better understand the governing role of platforms, we study two Airbnb pro-guest rules that pertain to guest and host cancellations, using data on Airbnb and...
Persistent link: https://www.econbiz.de/10012585362
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Learning about Housing Cost : Survey Evidence from the German House Price Boom
Kindermann, Fabian; Le Blanc, Julia; Piazzesi, Monika; … - National Bureau of Economic Research - 2021
This paper uses new household survey data to study expectation formation during the recent housing boom in Germany. The cross section of forecasts depends on only two household characteristics: location and tenure. The average household in a region responds to local conditions but underpredicts...
Persistent link: https://www.econbiz.de/10012585379
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Achieving Scale Collectively
Bassi, Vittorio; Muoio, Raffaela; Porzio, Tommaso; Sen, … - National Bureau of Economic Research - 2021
This paper argues that rental market interactions allow small firms to increase their effective scale and mechanize production, even when each individual firm would be too small to invest in expensive machines. We conduct a novel survey of manufacturing firms in Uganda, which uncovers an active...
Persistent link: https://www.econbiz.de/10012585412
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Housing Demand and Remote Work
Mondragon, John; Wieland, Johannes - National Bureau of Economic Research - 2022
What explains record U.S. house price growth since late 2019? We show that the shift to remote work explains over one half of the 23.8 percent national house price increase over this period. Using variation in remote work exposure across U.S. metropolitan areas we estimate that an additional...
Persistent link: https://www.econbiz.de/10013210069
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Memory and Reference Prices : an Application to Rental Choice
Bordalo, Pedro - 2019
rent level that is closer to the city of origin, relative to comparable locals. Building on "Memory, Attention, and Choice … database of experiences such as rents. The current rent cues recall of past rents, giving rise to a rental norm. A large … discrepancy between the current rent and the memory-based norm surprises and attracts the mover's attention, distorting choice …
Persistent link: https://www.econbiz.de/10012479601
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Waiting for Affordable Housing in New York City
Sieg, Holger - 2019
queuing frictions in the market for public housing. Having access to rent-stabilized housing increases household welfare by up …
Persistent link: https://www.econbiz.de/10012479964