Now showing items 1-3 of 3
Estimating the consumption and investment demands for housing and their effect on housing tenure status
(MIT Press, 1994-02)
Theoretical work suggests that families live in owner-occupied housing if their investment demand for housing exceeds their consumption demand for housing. Using household data from the 1983 Survey of Consumer Finances, ...
Residential buildings and the cost of construction: new evidence on the efficiency of the housing market
(MIT Press, 1999-05)
Present value studies of asset market efficiency are controversial because they compare asset prices to unobserved discounted streams of future rents. As an alternative, if housing markets are efficient, then the price of ...
Property tax capitalization in a model with tax-deferred assets, standard deductions, and the taxation of nominal interest
(MIT Press, 1999-02)
Previous property tax capitalization studies assume that families itemize, that they save in taxable assets, and that real interest income is taxed. However, many families do not itemize, many families invest in tax-deferred ...