indicate that households allocate most of their wealth to housing. Our results suggest that actual allocations are suboptimal … and that significant gains can be obtained with a higher degree of diversification. In particular, we find that housing … plays a positive role in efficient portfolio allocation when the housing to net wealth ratio is less than 1.5, but when the …

make decisions based on their perceived level of housing wealth. Numerical simulations generate the effects of house value …

Housing is an important sector of the economy. It has widespread implications for investment, banking, saving and … employment. Home ownership has been linked to building social capital and a sense of community. Furthermore housing equity is a … housing, saving, wealth accumulation and retirement. The results of this contribute to Treasury's role in providing advice to …

Housing is an important sector of the economy. It has widespread implications for investment, banking, saving and … employment. Home ownership has been linked to building social capital and a sense of community. Furthermore housing equity is a … housing, saving, wealth accumulation and retirement. The results of this contribute to Treasury's role in providing advice to …

– 2012, I find that the effect of housing on households' risky asset holdings is asymmetric before and after the crisis. The … debt and home equity is -0.37 and 0.34 respectively. Suppose an average household had spent 10% more on housing, the … liquid portfolio to a larger extent in response to their housing value fluctuation after the financial crisis, adding an …

In contrast to corporate and institutional investors, single owner-occupiers cannot adequately diversify housing … investment risk. Consequently, homeownership should be relatively less likely in places with higher housing investment risk …. Using the American Housing Survey, it is documented that neighborhood externality risk, a major component of housing …