Harding, John; Miceli, Thomas J.; Sirmans, C.F. - In: Real Estate Economics 28 (2000) 4, pp. 663-681
According to conventional wisdom, homeowners take better care of their housing than do renters, as a result of the rental externality. We argue that two forms of homeowner externality ootentially create similar incentives for owners to undermaintain their housing. The first is due to the...