Cauley, Stephen; Pavlov, Andrey; Schwartz, Eduardo - In: The Journal of Real Estate Finance and Economics 34 (2007) 3, pp. 283-311
Personal preferences and financial incentives make homeownership desirable for most families. Once a family purchases a home they find it impractical (costly) to frequently change their ownership of residential real estate. Thus, by deciding how much home to buy, a family constrains their...