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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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