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Housing tenure choice: Evidence from time series
Journal of urban economics, 1984-01, Vol.15 (2), p.195-209
[Peer Reviewed Journal]
1984 ;ISSN: 0094-1190 ;EISSN: 1095-9068 ;DOI: 10.1016/0094-1190(84)90014-7
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Title:
Housing tenure choice: Evidence from time series
Author:
Kent, Richard J.
Is Part Of:
Journal of urban economics, 1984-01, Vol.15 (2), p.195-209
Description:
A model of tenure choice is specified and estimated. A simple expression to represent the expected rate of return on equity for a homeowner is developed. Also the influence of the federal housing subsidy programs is analyzed. Both, plus permanent income and the implicit rental price of owner-occupied housing, are important determinants of tenure choice. Other influences are the financing gap with the standard mortgage instrument in an inflationary environment, the number of children less than 18 per family, assets and liabilities, and mortgage credit terms. Finally, the changes in housing tenure choice over the estimation period are analyzed.
Publisher:
New York, N.Y: Elsevier Inc
Language:
English
Identifier:
ISSN: 0094-1190
EISSN: 1095-9068
DOI: 10.1016/0094-1190(84)90014-7
Source:
Alma/SFX Local Collection
RePEc
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