There appears to be a current policy fascination with what rental provision from the private housing sector could offer to the UK’s housing market and to national and local economies. A plethora of reports from Parliamentary Committees, independent think-tanks, academic and professional bodies have promoted the benefits of new private rental supplies, but there seems little critical evaluation ...

This paper quantitatively investigates the optimal capital income taxation in the general equilibrium overlapping generations model, which incorporates characteristics of housing and the U.S. preferential tax treatment for owner-occupied housing. Housing tax policy is found to have a substantial effect on how capital income should be taxed. Given the U.S. preferential tax treatment for owner-oc...

This study evaluates the effectiveness of geographic diversification in reducing housing investment risk. To characterize diversification potential, we estimate spatial correlation and integration among 401 U.S. metropolitan housing markets. The 2000s boom brought a marked uptrend in housing market integration associated with eased residential lending standards and rapid growth in private mortg...

I construct a dynamic stochastic general equilibrium (DSGE) model in this paper to study the fluctuations in the U.S. housing markets. The model features a market for newly built houses, a secondary market for old houses, and an endogenous term structure of nominal interest rates. Negative technological progress in the housing sector explains the upward trend in house prices over the past four ...

We design an infrastructure experiment in Mexico to evaluate the impact of street pavement on residential property values and private residential investment. We find that the provision of street pavement increases housing values by 21-25% according to homeowners, and 14-15% according to professional appraisals. Private investment responded too: Households on paved streets invest more in housing...

A central principle underlying government policy is to help people maintain their independence in their own homes for as long as possible. In particular, there has been a long-standing policy to reduce admissions to care homes. Extra care housing is a development of sheltered housing that aims to meet the housing, care and support needs of older people, while helping them to maintain their inde...

The correlation between stock and housing prices, which is critical for household asset allocations, varies widely by metropolitan area and country. A general equilibrium model demonstrates that an aggregate positive technology shock increases stock prices and housing demand but can decrease housing prices where land supply is elastic because stable future rents are discounted at higher interes...

Real residential investment in Germany is found to be cointegrated with population, real national income per capita and real house prices. This evidence is consistent with a model where the trend in housing demand is determined by demographic factors and economic well-being to which supply adjusts so slowly that real house prices are affected persistently. Reunification seems to have induced tw...

housing can be considered as one of the most important needs of each family and the provision ofsuitable housing for people has always been considered as one of the indicators of progress in any country. because ofthe specific attitude to the issue of housing in iran, in other words, turning it into an investment, the major part of thehouseholds' income has been accounted for housing. given the...

housing can be considered as one of the most important needs of each family and the provision ofsuitable housing for people has always been considered as one of the indicators of progress in any country. because ofthe specific attitude to the issue of housing in iran, in other words, turning it into an investment, the major part of thehouseholds' income has been accounted for housing. give...