Showing 1 - 10 of 132
homeownership rates. The probability of becoming a homeowner is a function of the relative cost of owning and renting, borrowing … supply is inelastic. homeownership ; tax policy ; prices …
Persistent link: https://www.econbiz.de/10009558474
This study reviews the literature on the determinants of a country's homeownership rate including factors such as … methodologies. We emphasize that homeownership cannot be considered in a static framework. Rather, factors such as house price … different locations. We conclude with a review of three such analyses of the variations in homeownership rates across developed …
Persistent link: https://www.econbiz.de/10009375146
homeownership rate much above its current level. In this paper, we present the main aspects of housing policy and finance in …
Persistent link: https://www.econbiz.de/10003970411
At 34%, Switzerland has the lowest home ownership rate in Western Europe. This is a puzzle given the economic strength of the country. We use 1998 household survey data for five Swiss cantons to explore some possible reasons for this. We estimate a tenure choice equation that allows us to...
Persistent link: https://www.econbiz.de/10003549736
other housing characteristics affects children's outcomes. In particular, homeownership is not statistically significant in …
Persistent link: https://www.econbiz.de/10011412412
A house is a bundle of land and improvements, with the weights of the two components varying both over time and across locations. We capture the land intensity or 'leverage' of a property by measuring the ratio of land to total value. This is accomplished using transactions data for single...
Persistent link: https://www.econbiz.de/10008797756
We study how information sharing between banks influences the geographical clustering of branches. A spatial oligopoly model first explains why branches cluster and how information sharing impacts price competition and equilibrium clustering. With data on 59,333 branches of 676 banks in 22...
Persistent link: https://www.econbiz.de/10011875705
We examine the optimal allocation of assets in the portfolio of a Colombian homeowner conditional on various levels of the house value to net wealth ratio. The high rate of home ownership and low rates of investment in financial assets indicate that households allocate most of their wealth to...
Persistent link: https://www.econbiz.de/10003968758
Using quarterly data over 1973:4-2008:2, two-variable systems of house prices and income are specified for three major house-owning economies: New Zealand (N.Z.), the U.K. and the U.S. After considering differences in price−income relationships over sub-periods, the analysis compares responses...
Persistent link: https://www.econbiz.de/10003971258
This paper studies actual (real) house prices relative to fundamental (real) house values in New Zealand for the period 1970-2005. We find disparities between actual and fundamental house prices in the early 1970s and 1980s and from 2000 to date. These deviations are found to be substantially...
Persistent link: https://www.econbiz.de/10003394266