DP 2008 / 16 Inheritances and their impact on housing equity withdrawal Phil
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منابع مشابه
Survey on Housing Equity Withdrawal and Injection
Over the past few years, household borrowing against the stock of housing has increased by more than household spending on new housing and renovations. As a result, the household sector has effectively extracted equity from the housing stock, though the net amount withdrawn has recently been declining. The signifi cant equity withdrawal over 2001 to 2004 stands in contrast to experience in prev...
متن کاملHousing Equity Withdrawal
The increase in housing prices in recent years has contributed to rising household wealth and has helped to underpin continued strength in consumption spending. One important aspect of this process is that rising housing prices, combined with other factors such as lower interest rates and financial innovation, have increased the capacity of households to borrow. A feature of the past few years ...
متن کاملBankwest Curtin Economics Centre
In an era of population ageing, the primary home is increasingly viewed as a personal resource that can perform a pension role in retirement. This paper assesses the extent to which Australians aged over 45 utilise housing equity withdrawal (HEW) through the three methods of in situ mortgage equity withdrawal, downsizing and selling up. We find that the incidence of HEW has increased over the l...
متن کاملHomeownership, Social Insurance, and Old-Age Security in the United States and Europe
Relatively few Americans have accumulated substantial savings outside of their employer-sponsored retirement plans, yet most own their homes. The traditional view of the retirement income system as a three-legged stool supported by Social Security, private pensions, and savings may be better viewed as being supported by Social Security, pensions, and homeownership. Country-specific economic, so...
متن کاملThe Wealth of Older Americans and the Sub-prime Debacle
This study explores the consequences of the housing price bubble and its collapse for the wealth of older households. We utilize micro survey data to follow the rise in home values to 2007, observing which households enjoyed home price appreciation and how they responded in terms of equity withdrawal. We then use the SCF survey data on wealth holdings from 2007 in combination with national pric...
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