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The present report presents new historical data based on country comparisons and research results regarding rent control and its long-term effect on the home ownership rate in 27 countries. Policy measures of rent control, protection against eviction, and housing space management have been...
Persistent link: https://www.econbiz.de/10012110819
The nature of housing supply is critical for the functioning of the housing market, macroeconomic forecasting and policy setting. This study addresses a gap in the cross-country comparative literature by providing novel insights into the nature of new housing supply in 14 countries observed...
Persistent link: https://www.econbiz.de/10012983991
This paper examines housing affordability in Ireland by looking at the distribution of housing costs across households. Using microdata from the SILC survey over the period 2005-2015, the contribution of this paper is threefold. First, the paper considers the trends in the cost of housing in...
Persistent link: https://www.econbiz.de/10011862979
liberalization effects of rent and credit regulation as well as homeownership and austerity policies. Drawing on a long-run time … dampening price increases, while certain homeownership and tenant subsidies and government austerity increase the likelihood of … bubbles. The paper illustrates the logic of rent, credit, homeownership and austerity effects with two case studies. …
Persistent link: https://www.econbiz.de/10014438445
Traditionally a young family, usually a married couple, purchases a starter home under a shared title, puts up a deposit and pays down the mortgage with a bank until it is owned outright. But skyrocketing house prices prevent many of them from taking this traditional route. In recent years, the...
Persistent link: https://www.econbiz.de/10014244975
This research employs data from a natural experiment to assess the effects of behavioral heuristics on housing choice and public program management. The analysis focuses on programs designed to privatize public housing in Israel. The government programs provided tenants with a call (real) option...
Persistent link: https://www.econbiz.de/10013051128
Persistent link: https://www.econbiz.de/10012126988
Loss aversion is a core concept in prospect theory that refers to people's asymmetric attitudes with respect to gains and losses. More specifically, losses loom larger than gains. With the capability of loss aversion to explain economic phenomena, some of which are puzzling under expected...
Persistent link: https://www.econbiz.de/10011591060
In 2008, the Swedish property tax was reformed and a cap on yearly tax liabilities was introduced. A large fraction of owner occupied houses was subject to a substantial decrease in the tax. When the reform was announced, most analysts projected - in line with tax capitalization theory - that...
Persistent link: https://www.econbiz.de/10010358459
In 2008, the Swedish property tax was reformed and a cap on yearly tax liabilities was introduced. A large fraction of owner occupied houses was subject to a substantial decrease in the tax. When the reform was announced, most analysts projected - in line with tax capitalization theory - that...
Persistent link: https://www.econbiz.de/10010391445