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Questions tagged [housing]

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Is the development of market rate housing independent of the development of affordable housing?

Is the development of market rate housing independent of the development of affordable housing? Can anyone provide evidence that supports or refutes this? Here is my thinking. While I have yet to ...
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0answers
9 views

Why is a new home considered an investment instead of consumption? [duplicate]

My AP macroeconomics teacher ran through some examples today of what transactions would or would not be counted in GDP. He gave examples, among others, of a person cashing a social security check (...
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0answers
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What makes up GDP in the real estate sector?

The global GDP can be slit up between different sectors to see how sectors contributed to economical growth. I'm interested in knowing what elements are used to calculate the GDP in the real estate ...
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1answer
42 views

Can Direct Taxes on the consumers have a impact on the Demand (rather than supply)?

I'm a 12th-grade student doing a school research paper evaluating the effectiveness of the recent increase in Additional Buyers Stamp Duty in the Singapore Housing market. This tax is directly imposed ...
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1answer
37 views

Why would a politician sollicit foreign investors to come and buy real estate?

In the Netherlands we have a shortage of affordable housing. Especially in urban areas, especially housing in the price ranges affordable for young people and middle and low incomes. This is pretty ...
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4answers
134 views

If house prices appreciate, why do developers sell them?

In many parts of the world, people buy a house expecting its value to increase over time. But if is widely believed that the building's value will increase, what incentive is there for the developer ...
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3answers
115 views

Should housing be considered a form of capital for the purpose of capital gains taxation?

Economists across the political spectrum almost unanimously oppose the home mortgage interest tax deduction. While I'm sure there are a few whom I've missed, I could only find a single professional ...
1
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1answer
46 views

Demand curve for items where consumers typically only buy a single product

This question began with rental housing (most people do not rent multiple apartments). The demand for apartment units in any given period is limited to the number of people searching for units (not ...
4
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1answer
67 views

Papers on Game Theory and the Housing Market

Professor George Fallis in his book "Housing Economics" writes: (Chapter 4 pg. 78) The (home)owners will establish a pricing strategy depending on how they believe demanders are behaving; and the ...
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1answer
44 views

Are expensive cities economically threatened by an inability to house low-income workers?

Cities like New York, San Francisco, and others enjoy booming local economies that support high-paying jobs in industries like finance and technology. This and other factors have driven the price ...
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0answers
55 views

Economics of Homelessness: Are housing prices to blame?

Lots has been written in terms of the social context of homelessness. Often attributing the causes due to mental illness, previous criminal activity and addiction. I've been wondering, how much of a ...
2
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0answers
38 views

Does Fannie Mae get money from the FED

Does Fannie Mae directly or indirectly get money that is printed from the federal reserve to buy mortgages, or have they ever? If so, when has this happened? How much money? What is the process by ...
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4answers
4k views

Why are high/rising property values considered a good thing?

Increasing prices for housing are pretty much universally treated as positive in the news and in political discourse: newspapers run headlines like "Good news: Home values are up" and talk about "...
3
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1answer
122 views

Are there any economic reasons that could justify a higher tax rate on housing repairs than on construction of new houses?

In the UK, a builder constructing a new home need not add tax to the price charged, but a builder undertaking repairs or renovations to an existing home must add value added tax (VAT, currently 20%). ...
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1answer
51 views

Could a tax on rental income that depends on price per square meter induce more housing with lower rents?

The background of this question is: In Germany rental income is generally taxed the same as regular business income. In some cities, there seem to be housing shortages across different incomes. Are ...
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4answers
145 views

Has an increase in housing supply in popular cities including Amsterdam led to an increase in house prices?

Common economic thinking dictates that an increase in price should lead to an increase in supply, and that an increase in supply should then lead to a decrease in price. According to Maarten van ...
4
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1answer
67 views

Episodes of Housing Crashes and Never Recovering

Looking at many housing markets in major cities around the world today it looks like most (London, New York, Sydney, Beijing, Toronto,...) have become totally detached from the earnings of the local ...
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10answers
15k views

A law against selling any house cheaper than it was bought for, what consequences would that have?

I'm looking for a more general and principled answer and use Scandinavia today only as a sketchy example of the kind of scenario I'm asking about. I live in Scandinavia where house prices has had an ...
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2answers
45 views

what mathematical function we can use to show house price changes in time? [closed]

I want to know if I have data of house prices of an area in time, what mathematical function will best fit it's graph? Or in other word, what function I could use that in time $t$, $f(t)$ will be a ...
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1answer
39 views

What happend to the dollar value in the time of the housing crisis

I am wondering what happens to the value of the coin in a country with an housing crisis. Take the USA as an example: They had a housing crisis and I wonder how it effected the value of the dollar and ...
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0answers
146 views

Did a similar property boom take place in another country or throughout history like we have seen in London? If so how did it effect the economy?

The London property market has seen a sharp increase in the average house price. If we go back to the 70's the average UK and average London price were almost the same, however since than the gap has ...
4
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1answer
104 views

Does easy credit in a region cause property to be more expensive?

Does easy credit (e.g. lower minimum down payment, lower interest rate) cause housing prices (purchase, rent) in that area to be more expensive? Intuitively, this seems to be the case, because the ...
4
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2answers
332 views

The Effect of Two income Households on Housing Prices

In the book The Two-Income Trap: Why Middle-Class Parents Are Going Broke) by Warren and her daughter, she states the following in chapter 1: If two-income families had saved the second paycheck, ...
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1answer
472 views

why do we analysis the housing market from 'short run' and 'long run'? [closed]

As we can see the factors impacting the housing market, particularly house price, are always analysed from the long run and short run, even some researchers analysis those factors from cyclical and ...
4
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2answers
705 views

What are the economic ramifications of rent control?

What effect do they have on renters? Landlords? Are there examples of rent control working, improving living conditions for renters? I.e. What are the main arguments for/against rent control (...
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0answers
102 views

Reference Request: Cost Benefit Analysis of Conversion of Undeveloped Land for Housing

London is surrounded by a "green belt", a large area which government policy has protected from housing development. The current high cost of housing in London has led some to advocate a selective ...
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2answers
78 views

Authoritative Books on Subprime Mortgage Crisis

I'm looking to learn more in detail about the situations and actions that setup the sub-prime mortgage crisis. In particular I'm looking for an authoritative book or books that provides a multifaceted ...
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0answers
37 views

Why do people not all live right on top of each other in monocentric city model?

I'm supposed to learn to derive the monocentric city model from these assumptions: everyone has the same preferences, same income, same work location (Central Business District, single point with ...
2
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1answer
46 views

Listed property price v.s. transaction price

A house may be listed at a certain price (e.g. £200,000), but sells for a different price (e.g. £210,000). In terms of economic theory, how does the transaction price tell us more information than ...
6
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1answer
122 views

How much do real-estate prices correlate with apartment rental prices?

I've been trying to find sources that mention this, and have tried to find graphs of data so I can compare myself, but I haven't been able to. Do real-estate sale prices correlate positively, ...
3
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0answers
44 views

Test data for repeat sales indices

I'm interested in calculating a repeat sales index like that of Case and Shiller (1987) or Bailey, Muth and Nourse (1963). While I believe I have a handle on the econometrics, to test my ...
3
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1answer
39 views

Literature Request: how does the house quality distribution change endogenously over time?

Is there existing literature on how the distribution of housing quality changes with time? For example, literature saying "using 2000 as a baseline distribution $X$, the housing quality distribution ...
3
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1answer
71 views

What is the rate of new house construction in Auckland, New Zealand?

What is the rate of new house construction in Auckland, New Zealand, where the housing market seems to have gone to the roof? Assuming that the current high prices of Auckland houses are a result of ...
5
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1answer
152 views

Why are New Zealand houses so badly insulated?

New Zealand is relatively new country. It essentially was founded in 1840 in a contract between the native Maori people and the British Government. For some reason a large chunk of the housing ...
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2answers
727 views

Why is airbnb more expensive than priceline?

Some might say I have an addiction to Priceline Name Your Own Price, however, what I can tell you is that NYOP rates for 2.5* and 3* hotels are always better than the room options offered through ...
7
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1answer
127 views

Literature on factors affecting number of houses built

Is there any existing literature on the various factors affecting the number of houses constructed in a particular city over, say, a given month? Factors might include: quality of housing stock, a ...
3
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1answer
45 views

Is there existing research on predicting the number of house listings based on exogenous data?

I've been looking for prior research by economists that predict the number of house listings in a particular city (or even, say, the probability that an individual in the city will list his house that ...
2
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0answers
27 views

How do governments deflect risk through greater volatility in the housing market?

Source: p 123 of 296, Understanding Housing Policy, by Brian Lund Although housing immobility limits the impact of globalisation, its influence on financial and labour markets magnifies ...
2
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0answers
91 views

residential property shares trading (similar to REIT)

This year in the UK a residential property crowdfunding platform propertypartner.co went live and I would like to understand it from economic point of view. The idea is that a flat/house is purchased ...
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6answers
631 views

What metrics would indicate a house bubble rather than genuine market values?

There are concerns that Auckland, New Zealand, is currently experiencing a housing bubble. Auckland is one of the top 10 cities in the world on a housing unaffordability index. The question is - ...
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4answers
2k views

Correlation between salary level and housing prices in a town

Is there a measurable correlation in a town between salary level and housing prices? Or, to put it differently: is it politically meaningful to drive up salaries by new investments if the result is ...
7
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2answers
350 views

Historical US Housing Data Availability

Papers like Ng and Moench (2011) and Negro and Otrok (2007) use historical housing data to estimate latent variables that correspond to some "true" or "truer" measure of house prices or housing ...