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1.
The purposes of this paper are to produce more precise estimates of the effect of rent control on homelessness using microdata on housed and homeless households and to provide evidence concerning the mechanisms through which rent control might affect homelessness. Our results suggest that rent control does increase homelessness by decreasing the rental vacancy rate and increasing the rental price of housing in the uncontrolled sector but that these effects of rent control are offset by other effects that decrease homelessness. We cannot reject the hypothesis that rent control has no net effect on homelessness. 相似文献
2.
The demand for rental housing using the Annual Housing Survey SMSA sample for 1977 is estimated. The principal determinants of rental housing demand, namely housing price and permanent/transitory income, are computed through spatially varying hedonic price techniques and instrumental variables methods (relating to human and nonhuman capital), respectively. Based on the demand estimation results, impacts of hypothetical cash and rent subsidy programs are analyzed in terms of “housing” and “welfare” effects. It is found that a rent subsidy achieves considerably larger effects than does a cash subsidy. 相似文献
3.
现行政策下商业地产的发展趋势 总被引:1,自引:0,他引:1
一、现行宏观政策对商业地产的影响 从2004年起,鉴于政策导向,商业地产开发变得炙热起来。由于商业地产的利润比住宅开发要平均高出5%N10%,吸引了越来越多的投资者转向商业地产的开发。2005年1月1日开始,跨国零售商已开始在中国的全方位扩张。外资的到来推动国内商业市场发展,为商业地产带来巨大商机。2006年至2008... 相似文献
4.
This paper studies the importance of the economic advantages and some distributional consequences generated by public and subsidized rental housing as well as rent control policies in Spain. Individual benefits are defined as the difference between the rent the protected dwellings would have in the market, minus the rent actually paid for them. The market valuation is obtained with an hedonic function estimated for the uncontrolled private sector. Data for the Madrid Metropolitan Area in 1974 show that for both policies, benefits are of considerable importance, while its distribution among beneficiaries is very unsatisfactory according to horizontal and vertical equity criteria. 相似文献
5.
Explaining metropolitan housing price differences 总被引:1,自引:0,他引:1
Housing prices differ substantially among metropolitan areas. The rent and house price indexes used here measure this variation among 54 metropolitan areas. A model of metropolitan housing price determination is presented and used to identify the sources of intermetropolitan price variation. Reduced-form equations explain close to 90% of the variation in rental prices and close to 60% of the variation in house prices. 相似文献
6.
Dennis Epple 《Regional Science and Urban Economics》1998,28(6):73
Rent-control policy is modeled as an implicit contract between voters of a community and suppliers of rental housing. It is shown that if residents can make an ex ante commitment to never adopt rent controls they will do so. When precommitment is not possible there are conditions under which a policy of never adopting rent controls is not self-enforcing. Under such circumstances a state-invariant ceiling price is shown to be a subgame-perfect equilibrium rent-control policy. The model is tested using data for New Jersey where local option regarding the choice of rent control policy was declared constitutional in the early 1970s. Probit analysis is used to determine whether predictions of the model are supported by an investigation of factors leading to imposition of rent controls by 64 of the 245 communities in the sample. 相似文献
7.
完善公共租赁住房定价机制是保持公共租赁住房建设与管理可持续发展的重要内容。本文在实地调研杭州、湖州、嘉兴、绍兴、台州、丽水等地区公共租赁住房开发成本状况的基础上,选取了较有代表性的几个地区,对公共租赁住房的成本租金进行了测算,并通过比较公共租赁住房租金定价的国际经验,对浙江省公共租赁住房的租金定价提出了建议。 相似文献
8.
This paper provides new evidence on the price and income elasticities of demand for rental housing by low income households. Housing expenditures of households participating in the Housing Allowance Demand Experiment and receiving housing allowances in the form of a proportional rent rebate are analyzed. These rent rebates experimentally vary the effective relative price of housing and thus enable estimation of the price elasticities. Natural income variation enables estimation of income elasticities. Analysis is carried out using two functional forms and a variety of models of housing dynamics. The estimated income and price elasticities of demand are 0.36 and −0.22, respectively. When the sample is restricted to include only households headed by couples, the elasticity estimates are 0.47 for income and −0.36 for price. These estimates are lower (in absolute value) than have been previously estimated and it is suggested that this may be due to the low-income nature of the sample. 相似文献
9.
公租房补充和完善了我国保障性住房制度,但如何制定合理的公租房租金标准,才能促进公租房健康可持续发展显得尤为重要。公租房租金制定应遵循一定的原则,即成本回收、差别定价和可持续性原则。 相似文献
10.
1998年住房制度改革以来,房屋销售价格和租金均呈上涨趋势,但两者在增速上有明显的不同。本文基于动态Gordon模型,用一阶向量自回归的方法研究了8个城市房地产市场预期和非预期的房价租金比,结果表明向量自回归模型预测杭州、深圳、武汉、成都、北京的对数房价租金比效果较好,上海的房价租金比最不容易预测。未预料到的房价租金比的决定有明显的地区差异,西部地区的城市主要受租金流新信息的影响,长三角城市受收益率新信息的影响非常大,其他地区的城市主要受收益率新信息的影响。 相似文献
11.
The purpose of this article is to analyze the impact of a landlord-tenant ordinance (LTO) on property values, using time series data for the City of Evanston, Illinois, where the ordinance has been enacted since 1975. The empirical data analysis, which includes a trend analysis of hedonic price indices for both rental and owner-occupied property, has shown that an LTO is not likely to significantly affect housing values. Those remedies provided in the LTO are not likely to be radical departures from the current practices such as housing/building code, and can therefore not be expected to affect housing values substantially. 相似文献
12.
《Journal of Housing Economics》2001,10(1):1-20
Tax arbitrage opportunities in rental housing markets arise when high bracket taxpayers exploit the tax shelter and conversion features of the tax treatment of rental housing and as a consequence offer low bracket taxpayers rental housing at a cost lower than if they purchased the same quantity of housing for owner occupation. A microdata set has been employed to estimate the size of these tax arbitrage opportunities with respect to 1907 properties owned by Australian landlords. The measure of tax arbitrage opportunities is the breakeven tax rate at which the maximum rental rate a potential occupant is prepared to pay before turning to purchased housing is equal to the landlord's reservation rental rate. Potential occupants with marginal tax rates below the breakeven tax rate find that renting has a relative cost advantage over home purchase. When agency costs (the costs incurred in managing landlord-tenant relationships) are included in the tax arbitrage model, our estimates of the breakeven tax rate indicate that home purchase has a relative cost advantage over renting for most potential occupants. Renting is only financially attractive to low tax bracket individuals. This finding is consistent with Australian tenure patterns. However, there are more puzzling results. A majority of landlords belong to tax brackets below the top bracket, landlords in the lowest tax brackets typically make below normal profits, and reservation rental rates at the bottom of the rental housing market are relatively high. Down payment requirements, lock-in effects, and rent clientele groups are put forward as possible explanations for these findings. 相似文献
13.
美国拥有发达的私人住房租赁市场和公共住房租赁市场,其关于住房租赁市场的法律制度、税收体系、房租补贴政策和完善的政府监管体制等方面均值得我国借鉴。研究表明,支撑美国住房租赁市场的因素主要有供给因素、需求因素和政府对租赁市场的有效管理和规范。尽管在住房消费文化和土地制度环境等方面我国住房市场与美国住房市场差异显著,但美国发展与规范住房租赁市场的经验对培育和发展我国住房租赁市场仍然具有重要的政策借鉴价值。 相似文献
14.
15.
美国拥有发达的私人住房租赁市场和公共住房租赁市场,其关于住房租赁市场的法律制度、税收体系、房租补贴政策和完善的政府监管体制等方面均值得我国借鉴。研究表明,支撑美国住房租赁市场的因素主要有供给因素、需求因素和政府对租赁市场的有效管理和规范。尽管在住房消费文化和土地制度环境等方面我国住房市场与美国住房市场差异显著,但美国发展与规范住房租赁市场的经验对培育和发展我国住房租赁市场仍然具有重要的政策借鉴价值。 相似文献
16.
17.
Chris Skelley 《Regional Science and Urban Economics》1998,28(6):487
This paper develops a theoretical model for analysing the effects of rent control. The model incorporates the roles of optimal long-term contractual arrangements and the responses of individual agents to rent control in determining the economic characteristics of the controlled market equilibrium, and can help to explain the wide variation in empirical results observed across jurisdictions. Necessary and sufficient conditions for a complete contract equilibrium, where the characteristics of the competitive and controlled solutions are identical, are established. It is shown that housing quality, new construction, and the distribution of wealth may not be affected by rent control. 相似文献
18.
完善公共租赁住房定价机制是保持公共租赁住房建设与管理可持续发展的重要内容。本文在实地调研杭州、湖州、嘉兴、绍兴、台州、丽水等地区公共租赁住房开发成本状况的基础上,选取了较有代表性的几个地区,对公共租赁住房的成本租金进行了测算,并通过比较公共租赁住房租金定价的国际经验,对浙江省公共租赁住房的租金定价提出了建议。 相似文献
19.
This paper investigates how rent control affects mobility in the Danish housing market. We apply a proportional hazard duration model, that encompasses both the presence of left truncated tenancy durations, right censored observations and allows for a very flexible specification of the time dependency of the hazard rate. Tenancy mobility is severely reduced by rent control. For a typical household in the private rental sector tenancy duration is found to be more than six years longer if the apartment belongs to the 10% most regulated units than if it belongs to the 10% least regulated units. 相似文献