China’s average household saving rate is one of the highest in the world. One popular view attributes the high saving rate to fast-rising housing prices and other living costs in China. This article uses simple economic logic to show that rising housing prices and living costs per se cannot explain China’s persistently high household saving rate. Although borrowing constraints and demographic c...

The provisioning and administration of social housing has been a continuous problem in the Canadian North since the 1960s, when the Canadian government began taking an active role in the welfare of Inuit. Some of these problems are quite basic and include high costs for construction and maintenance of units. An examination of the development and evolution of Canadian housing policy in the North...

CONTEXT Chronically homeless adults with severe mental illness are heavy users of costly inpatient and emergency psychiatric services. Full-service partnerships (FSPs) provide housing and engage clients in treatment. OBJECTIVE To examine changes in recovery outcomes, mental health service use and costs, and quality of life associated with participation in FSPs. DESIGN A quasi-experimental, ...

It is expected that the final Real Estate Settlement Procedures Act rule will encourage shopping, increase efficiency, lower housing costs, and promote the purchase of loans that are more suited to a household’s needs. The transfer of markups from firms charging excessive fees to consumers has been estimated to be approximately $670 per loan (a total of $8.35 billion) but could be as high as $1...

Operating costs are an important, but not much studied, component of apartment financial performance. This paper establishes an economic framework for interpreting operating costs and uses a unique data set to investigate the determinants of operating costs. Empirical results are consistent with theory and indicated that housing quality is a strong driver of operating costs; older properties mu...