Buying a Home with a Resale Value: Location,Location, Location*

We develop a dynamic multiregion model, where a household's choice of housing location depends on its current wealth and its current type, and involves both consumption and investment considerations. The relative strength of the consumption motive and the investment motive determines the equilibrium pattern of residential sorting. A strong investment (consumption) motive implies sorting according to household type (wealth). The model predicts that large house‐price fluctuations are associated with a low degree of sorting by type. This prediction is consistent with evidence from US metropolitan areas when income, education, and age are used as proxies for household type.     

国外城市住房价格动态性研究综述

国外对住房价格动态性的研究分为四个方面:住房市场有效性的实证检验、宏观经济基本面指标的动态影响实证检验、住房价格泡沫的实证检验和住房价格指数的定价模型研究。本文对上述问题进行了文献综述,并进行相应的评价。     

Are auction revenues affected by rising art buyers’ premia? The case of early American art

The steady rise in the premiums charged to art buyers at auction (above hammer price) has been underway since 1992. This article, using a stable and bounded sample of repeat purchase of American works created before 1950, reveals that this tact has reduced hammer prices for that art. However, renewed and hyper-competitive efforts to bring more and higher quality art to market by the two main houses, Sotheby’s and Christie’s, have resulted in general profitability. Nevertheless, we calculate that a rise in buyers’ premia at Sotheby’s, a publically traded company, has reduced revenues and profits below their potential in the absence of such increases.     

The Emergence of the Female Licensee in UK Public Houses

Abstract

The purpose of this paper is to reveal the absence of female licensees in the UK pub trade up to the late 1980s, and to show how this changed as a result of the reorganisation of the industry which occurred due to the Beer Acts. In order to achieve this, an historical approach has been adopted, using mainly contemporary sources. It is suggested that the reasons for the recent appointment of female licensees is the need for increased profits.     

房屋披揭贷款中回购条款的几个法律问题——由一则案例引发的思考

房屋按揭中的回购又称为无力还贷型回购，从条款设立的目的以及回购人履行义务所表现出来的效果来看，将其定性为保证担保行为而不是买卖行为更有利于回购关系中各方利益的平衡，但前提条件是保证人能够行使代位权。在债务人提供担保物的情况下，签订不可撤销回购条款的后果相当于保证人放弃先诉抗辩权。保证人的权益可以通过代位权的行使，在程序上以变更抵押登记或者直接实现抵押权的方式得到相应保障。     

发展个人住房抵押贷款证券化浅析

住房抵押贷款占用银行资金期限长、利率风险大,房价与居民收入比差悬殊,居民还贷能力差,因而降低 了金融资产质量。发展个人住房抵押贷款证券化既能优化商业银行的经营管理,健康资本市场发展,又能刺激住房 的有效需求。     

高房价:困局与破局

文章首先对中央政府在对房地产市场进行宏观调控时陷于左右为难的尴尬境地问题进行描述;然后分别对房地产市场相关方各利益关系进行分析,并剖析导致房地产市场出现高房价困局的原因;最后从政府差异化调控的角度给出破解困局的策略方法。     

正确认识合肥市房地产发展中的几个问题

1998年以来,合肥市房地产业在国民经济中的地位逐步上升,但市场化、产业化程度远远不够,成为支柱产业尚需时日。房地产开发投资规模不断扩大,占全社会固定资产投资比重已超过1/3,投资过热的苗头已经显现。每年商品房新开工面积、施工面积、竣工面积同时增长,由于竣工面积大于     

房地产定价中市场法应用的中美比较

随着我国市场经济的发展和完善,房地产评估作为房地产交易的价值基准越来越受到重视,而市场比较法作为房地产定价的主要方法也更加成熟。文章在分析中美两国房屋评估报告的基础上,对中美房地产定价中的市场法进行了比较,并在评估技术比较方面得出了一些结论。     

论火力发电厂循环水泵房出水管抗推部分的结构设计

文章以某2×300MW机组火力发电厂循环水泵房为例，介绍了循环水泵房结构出水管抗推部分的设计方法。