| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w5176
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| 来源ID | Working Paper 5176
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| Should the Stagnant Homeownership Rate be a Source of Concern? |
| Richard K. Green
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| 发表日期 | 1995-07-01
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| 出版年 | 1995
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| 语种 | 英语
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| 摘要 | The homeownership rate in the United States was essentially stagnant during the 1980's. This stagnation should be a source of concern if the rate reflects stagnant economic conditions and ownership opportunities, not if it simply reflects changing demographic conditions or preferences. Using a series of affordability measures, we find that homeownership opportunities improved almost everywhere during the 1980's, suggesting that the cause of the stagnant rate was something other than economic conditions. In fact, we find that both demographics and changes in preferences led to an increase in the proportion of households headed by single people; all else being equal, this would tend to push the owner-occupancy rate downward. We also found that while homeownership opportunities improved during the 1980's, the ex ante use cost of owning a home increased almost everywhere, reducing the financial attractiveness of owning a home. The combination of improving affordability conditions and worsening financial appeal had an overall neutral effect on the aggregate ownership rate. |
| URL | https://www.nber.org/papers/w5176
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/562619
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推荐引用方式
GB/T 7714 |
Richard K. Green. Should the Stagnant Homeownership Rate be a Source of Concern?. 1995.
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文件名：
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w5176.pdf
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格式：
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Adobe PDF
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