Add to ORKGWhy do households buy different size homes? Why do investors acquire rental property? In this paper we present a quantitative theory of housing to account for the basic facts in the owner-occupied and rental market. The theory emphasizes the determinants of tenure choice (renting vs owning) jointly with asset-housing investment decisions. Property owners decide the amount of housing services consumed and the amount supplied in the rental market. We find that the model generates aggregates and distributions along certain key dimensions that are consistent with the empirical evidence. Keywords: J.E.L. classification codes
Homeowners can be viewed as the put option holders who can sell housing to lenders when the housing ...
For most homeowners, the house is the single most important consumption good appearing as an argumen...
Which housing characteristics are important for understanding homeownership rates? How are housing c...
The tenure decision upon whether to buy or to rent accommodation has long-term consequences for hous...
The paper begins with a general model of demand for housing in an intertemporal utility maximization...
The paper presents a model where ownership becomes important for the utility a household gets from h...
Owner-occupied housing plays a central role in the portfolios of many households. Recent work has ex...
Tenure choice is closely bound to other vital individual decisions of great importance not only for ...
In this paper, we provide a new empirical analysis of the dynamic portfolio decisions of households ...
This study is devoted to studying households' decisions about moving and about whether to rent or ow...
This paper studies the determinants of housing tenure choice and the differences in the cost of hous...
This paper studies the determinants of housing tenure choice and the differences in the cost of hous...
There is substantial literature on modelling individual residential location choices. We restrict he...
This paper studies the determinants of housing tenure choice and the differences in the cost of hous...
Until recently, the conventional wisdom in the portfolio choice literature held that the strategy of...
Homeowners can be viewed as the put option holders who can sell housing to lenders when the housing ...
For most homeowners, the house is the single most important consumption good appearing as an argumen...
Which housing characteristics are important for understanding homeownership rates? How are housing c...
The tenure decision upon whether to buy or to rent accommodation has long-term consequences for hous...
The paper begins with a general model of demand for housing in an intertemporal utility maximization...
The paper presents a model where ownership becomes important for the utility a household gets from h...
Owner-occupied housing plays a central role in the portfolios of many households. Recent work has ex...
Tenure choice is closely bound to other vital individual decisions of great importance not only for ...
In this paper, we provide a new empirical analysis of the dynamic portfolio decisions of households ...
This study is devoted to studying households' decisions about moving and about whether to rent or ow...
This paper studies the determinants of housing tenure choice and the differences in the cost of hous...
This paper studies the determinants of housing tenure choice and the differences in the cost of hous...
There is substantial literature on modelling individual residential location choices. We restrict he...
This paper studies the determinants of housing tenure choice and the differences in the cost of hous...
Until recently, the conventional wisdom in the portfolio choice literature held that the strategy of...
Homeowners can be viewed as the put option holders who can sell housing to lenders when the housing ...
For most homeowners, the house is the single most important consumption good appearing as an argumen...
Which housing characteristics are important for understanding homeownership rates? How are housing c...