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Seniors’ Home Equity Extraction : Credit Constraints and Borrowing Channels
Moulton, Stephanie - 2019
Households borrow against home equity through different types of mortgages: closed end home equity loans or revolving lines of credit, cash-out refinancing, and—for senior homeowners—reverse mortgages. The objective of this study is to identify how borrowing constraints and the lending...
Persistent link: https://www.econbiz.de/10012903634
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Parent Housing Wealth, Credit Constraints, and Homeownership Transitions
Begley, Jaclene - 2020
This paper examines how family housing wealth affects homeownership transitions during divergent periods of credit …, larger transfer amounts, and an increased likelihood of transitioning to homeownership during the housing bust, but not …
Persistent link: https://www.econbiz.de/10012852352
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User Costs of Housing When Households Face a Credit Constraint : Evidence for Germany
Dümmler, Tobias - 2016
We develop a formula for user costs of housing on the basis of a neoclassical approach to housing investment which does not impose a perfect capital market assumption. We suggest that the definition for the user costs of housing should be extended by an additional term which mirrors the credit...
Persistent link: https://www.econbiz.de/10012991089
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House prices, home equity, and personal debt composition
Li, Jieying; Zhang, Xin - 2017
Using a monthly panel dataset of individuals' debt composition including mortgage and nonmortgage consumer credit, we show that house price changes can explain a significant fraction of personal debt composition dynamics. We exploit the variation in local house price growth as shocks to...
Persistent link: https://www.econbiz.de/10011747818
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Housing Wealth and Consumption : The Role of Heterogeneous Credit Constraints
Aruoba, S. Boragan; Elul, Ronel; Kalemli-Ozcan, Sebnem - 2022
We quantify the role of heterogeneity in households’ financial constraints in explaining the large decline in consumption between 2006 and 2009. Using household-level data, we show that in addition to a direct effect of changes in house prices, there are sizable indirect effects from general...
Persistent link: https://www.econbiz.de/10014236585
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Wealth inequality and homeownership in Europe
Kaas, Leo; Kocharkov, Georgi; Preugschat, Edgar - 2015
between the countries of the Euro area. We find a strong negative correlation between wealth inequality and homeownership … by homeownership status shows that the negative relationship is mostly driven by large between-group inequality across … crosscountry inequality differences. We confirm the major role for homeownership rates in accounting for the wealth inequality …
Persistent link: https://www.econbiz.de/10011334237
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Round the houses : homeownership and failures of asset-based welfare in the United Kingdom
Montgomerie, Johnna; Büdenbender, Mirjam - In: New political economy 20 (2015) 3, pp. 386-405
Persistent link: https://www.econbiz.de/10011326238
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Intergenerational transmission: how strong is the effect of parental homeownership? : results of a survey on households in Austria
Wagner, Karin - In: Monetary policy & the economy : quarterly review of … (2014) 2, pp. 49-72
Persistent link: https://www.econbiz.de/10010385218
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Household wealth in the euro area : the importance of intergenerational transfers, homeownership and house price dynamics
Mathä, Thomas; Porpiglia, Alessandro; Ziegelmeyer, Michael - 2013
Persistent link: https://www.econbiz.de/10010420108
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In debt but still happy? : examining the relationship between homeownership and life satisfaction
Will, Sebastian; Renz, Timon - 2022
We investigate the relationship between homeownership and life as well as housing satisfaction. Using panel data from … offsets the positive impact of homeownership. …
Persistent link: https://www.econbiz.de/10013165881