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homeownership attainment, using data from 1984 to 2007 and exploiting variation in the subsidy across states, over time and due to … inter-state moves. We test whether capitalization of the MID into house prices offsets the positive effect on homeownership …. We find that the MID only boosts homeownership attainment of higher income households in less tightly regulated housing …
Persistent link: https://www.econbiz.de/10008692875
homeownership attainment, using data from 1984 to 2007 and exploiting variation in the subsidy arising from changes in the MID … on homeownership. We find that the MID boosts homeownership attainment only of higher income households in less tightly … homeownership and improve social welfare. …
Persistent link: https://www.econbiz.de/10011126437
homeownership attainment, using data from 1984 to 2007 and exploiting variation in the subsidy arising from changes in the MID … on homeownership. We find that the MID boosts homeownership attainment only of higher income households in less tightly … homeownership and improve social welfare …
Persistent link: https://www.econbiz.de/10013061279
Persistent link: https://www.econbiz.de/10009546277
This paper presents a novel analysis of the differential incidence and effect of Federal income tax policy on owner-occupied and rental housing in the U.S. The objective is to examine whether, and how, rental housing is penalized relative to owner-occupied housing, and if so to estimate the...
Persistent link: https://www.econbiz.de/10013025456
encourage homeownership? Does the home mortgage interest deduction encourage homeownership for all Americans? Is the cost of the …
Persistent link: https://www.econbiz.de/10014137002
In this article I argue that the extent to which fiscal variables are capitalized into house prices has important economic implications. I synthesize an emerging literature that explores the conditions under which public and private investments and intergovernmental transfers are capitalized...
Persistent link: https://www.econbiz.de/10011272169
In this article I argue that the extent to which fiscal variables are capitalized into house prices has important economic implications. I synthesize an emerging literature that explores the conditions under which public and private investments and intergovernmental transfers are capitalized...
Persistent link: https://www.econbiz.de/10009320413
House price capitalization – the adjustment of house prices to changes in local public service and tax levels – has long been thought to be a means of testing for efficiency in the local public sector. In this article I argue that the extent of house price capitalization itself may have...
Persistent link: https://www.econbiz.de/10011126064
homeownership would free up public resources and reduce the bias towards homeownership. Other challenges to the efficiency of the …
Persistent link: https://www.econbiz.de/10011399317