"This book takes a behavioural approach to examine six important housing questions : tenure decision making, neighbourhood decision making, housing prices, housing cycles, housing wealth effects, and housing satisfaction."

In Chinese cities, migrants with rural hukou, compared to residents with local urban hukou, face more uncertainty, have limited access to mortgage finance, and are less eligible for low-cost housing. A simple model demonstrates that for these reasons, rural- to-urban migrants are less likely to...

In Chinese cities, migrants with rural hukou, compared to residents with local urban hukou, face more uncertainty, have limited access to mortgage finance, and are less eligible for low-cost housing. A simple model demonstrates that for these reasons, rural- to-urban migrants are less likely to...

As China is becoming a country of homeowners, multiple homeownership is emerging. The existing literature on tenure choice focuses on the primary home and the literature on the consumption of multiple homes focuses on second homeownership only. We argue that decisions regarding whether to have...