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chronic problem in urban areas. Governments try to alleviate it by stimulating homeownership among middle-income households … conclude from our empirical analysis that governmental policy indeed positively affects homeownership rates and social housing …
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The recent surge in property values in China has been similar to the surge in the U.S before the crash in 2007. This raises concerns about whether China is destined to have a crash as well. We estimate similar models of property values for the two countries, in order to compare price dynamics...
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