In this paper I examine the determinants of the user cost of housing, including house price inflation expectations and tax policy. I derive estimates of the user cost of housing for several U.S. metropolitan areas over the period 1995-2008 and I decompose those estimates into user cost component...

This paper employs an extensive household survey data set covering a wide range of transition countries to empirically characterize the housing choices of households. The paper provides a descriptive overview of the types of dwellings, housing tenure, mode of acquisition, and mortgage prevalence...

This paper presents a model of the strategic pricing behavior of Chinese cities as they determine how much land to lease and what prices to charge for the land leases. They effectively sell the land asset at a price that may or may not reflect its market value, and in so doing they buy a flow of...