Download or read book Essays on Home Ownership Subsidy Policies written by Danny Wayne Durning and published by . This book was released on 1986 with total page 756 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Housing Policy written by J. B. Cullingworth and published by Routledge. This book was released on 2021-03-23 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1979, these essays provide a guide to the labyrinth of issues which together made up ‘housing policy’ in the late 20th Century. The focus is on the practical and political difficulties of devising measures which meet policy objectives – difficulties which are just as prevalent in the 21st Century. The search for ‘comprehensive strategies’ is shown to be a vain one: given the number of relevant issues and their complexity, only an incremental approach is practicable. Major issues are discussed in the context of an analysis of the institutional, historical and financial framework within which housing policy is formulated and operated.
Download or read book Essays on Housing Policy written by J. B. Cullingworth and published by Taylor & Francis. This book was released on 2021-03-23 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1979, these essays provide a guide to the labyrinth of issues which together made up ‘housing policy’ in the late 20th Century. The focus is on the practical and political difficulties of devising measures which meet policy objectives – difficulties which are just as prevalent in the 21st Century. The search for ‘comprehensive strategies’ is shown to be a vain one: given the number of relevant issues and their complexity, only an incremental approach is practicable. Major issues are discussed in the context of an analysis of the institutional, historical and financial framework within which housing policy is formulated and operated.
Download or read book Owning Versus Renting written by Neil H. Buchanan and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This document gathers together 22 essays that were originally published as online commentary by Professor Neil H. Buchanan, between 2008 and 2012. All but one of the essays first appeared on the Dorf on Law blog. In these essays, Professor Buchanan discusses the arguments for and against government support of individual home ownership. Most of the essays focus on how to move away from the model of individual ownership. The latter essays, however, begin to embrace the possibility that home ownership incentives should be expanded, to mitigate the current upside-down quality of those subsidies, and to preserve middle-class professional jobs. These essays were also included in the continuing legal education materials for the “Teaching Tax” session at the 2012 Joint Fall CLE meeting of the ABA Sections of Taxation and RPTE in Boston, on September 14, 2012.
Download or read book Housing Subsidies and Housing Policy written by United States. Congress. Joint Economic Committee. Subcommittee on Priorities and Economy in Government and published by . This book was released on 1973 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Housing Markets Housing Market Policies and Taxation written by Shahar Rotberg and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis collects three papers studying topics related to housing markets, taxation, and macroeconomics. In Chapter 1, I study how capital and housing should be taxed. I formulate a housing model where credit is limited and the ability to invest capital varies across households. I calibrate the model to U.S. data and use it to determine the effect of housing and capital income taxation on the housing market and societal welfare. My main finding is that housing should be taxed at a positive rate and capital income should be subsidized. On the one hand, the housing tax raises housing costs for both renters and home-owners. On the other hand, the capital income subsidy encourages the most productive households to increase their capital investments, and thus, wages paid to labor rise. Since wages rise more rapidly than housing costs, overall welfare rises. In Chapter 2, I examine the misallocation of residential land in Israel and its implications for income taxation and societal welfare. I develop a methodology to calibrate a housing model to a transition path of over 50 years of Israeli data on land sales and show that Israel's government substantially oversold land and could have reduced its income tax rate by 1.8 percentage points. Restricting land sales is optimal because initial retired households own little land, initial housing demand is low and grows faster than interest rates, and because of the need to preserve land for large future generations. In Chapter 3, I explore the effect of wage income expectations on housing prices. I build a housing model, calibrate it to U.S. data, and show that wage income expectations alone can explain about 20% of the 2008 boom-bust in U.S. housing prices. The result is an outcome of households' perception that their expected life-time wage income is going up (down) during a sequence of good (bad) income shocks, which leads to a rapid increase (decrease) in housing demand and thus housing prices. This phenomenon is absent with rational expectations.
Download or read book Essays on Capital Gains Taxes and Housing written by Zachary William Richards and published by . This book was released on 2009 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation is a collection of three essays regarding the effects of federal taxation of residential capital, with a focus on owner-occupied housing. Owner-occupied housing is granted a number of tax subsidies under the federal individual income tax code. Among them are the mortgage interest and property tax deductions and the tax exclusions on imputed rental income for the homeowner and capital gains from the sale of a primary residence. In the first essay, entitled ʺDoes the Exclusion of Capital Gains Taxes on Housing Promote Labor Mobility?", I examine the impact of the Taxpayer Relief Act of 1997 (TRA97), which dramatically reduced effective tax rates on residential capital gains, on the likelihood of a homeowner undertaking a job-related relocation. The results indicate that homeowners with large accrued gains are more likely to move for job-related reasons after the passage of TRA97 than before, implying efficiency gains from a spatial reallocation of labor. In the second essay, "The Effects of EGTRRA and JGTRRA Expiration on the User Cost of Housing", I calculate last-dollar user costs for owner-occupants using an augmented model that incorporates the current tax exclusion of residential capital gains. User cost calculations are made under current and future policy to determine the effects of higher marginal income and capital gains tax rates on the costs of homeownership. The results indicate that the expiration of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) and the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA) will have a regressive effect on user costs, with high-income homeowners receiving the largest percentage reductions despite higher long-term capital gains tax rates. The final essay, "Residential Capital Gains Taxes and the Dynamics of Housing Markets", examines the macroeconomic implications of TRA97. I present evidence that a structural break occurred around the time of its implementation, affecting the relationship between aggregaegate measures of the housing market, money growth, and output. This suggests that effective tax rates on residential capital gains play an important role in the fluctuations of residential fixed investment and may alter the impacts of monetary policy.
Download or read book Home Remedies written by George Fallis and published by . This book was released on 1995 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: As part of a series of volumes on reforming Canadian social policy, this volume offers a compilation of essays discussing various aspects of Canadian housing policy. The essays examine the potential role of federal social housing policy within a major reform of Canada's social security system; the issue of affordable housing at an affordable social cost, including the role of nonprofit social housing, municipal zoning, and secondary suites; lessons to be learned from Ontario's housing policy regarding rent controls, housing subsidies, and private sector housing development; the concept of urban villages; and the finding of common ground among the various interest groups within the housing sector.
Download or read book Empirical Essays on the Interaction Between Housing and Labour Markets written by Sejeong Ha and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis presents three empirical essays on the interaction of housing and labour markets, which generates academically meaningful social outcomes. The first essay looks at whether one's tenure choice affects unemployment as this question has potential implications for homeownership subsidy schemes adopted in many advanced countries. The contribution of this essay is mainly methodological in that it rigorously deals with the endogeneity of homeownership by taking an IV approach with instruments not adopted previously for studies in the UK in conjunction with panel data models. Using the local homeownership rate and parental homeownership status as an instrument, it shows that homeownership does not increase the probability of being unemployed. The second essay highlights the role of local housing market information as a determinant of housing tenure. As the distance a mover wants to move increases, the costs of collecting information on the destination housing market rise and the quality and amount of the information collected fall. Therefore, it is hypothesised that the longer the distance moved, the more likely movers are to choose private renting over owner-occupation since homeownership decisions require a large amount of information on the target properties and their neighbourhoods. Empirical tests that control for relevant characteristics correlated with distance moved and tenure decisions provide supporting evidence for this hypothesis. The last essay is the first UK study to confirm that commuting time has a negative influence on worker effort. The topic has important implications for transportation policy, employer's commuting welfare strategy and hiring decisions and individual worker's location decisions. As commuting is physically and mentally tiring, it could influence worker effort negatively. The hypothesis turns out to be true when the absenteeism rate and unpaid overtime hours are used as proxy variables for work effort.
Download or read book Home Ownership written by and published by . This book was released on 1988 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Shelter and Subsidies written by Henry J. Aaron and published by . This book was released on 1972 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses why Americans with low incomes are not the sole or even the primary beneficiaries of the federal housing programs, and estimates the value of benefits received from homeownership and .entalassistance, subsidize loans from Farmers Home Administration.
Download or read book Essays on the Economics of Housing Subsidies written by Frans Paul Wilhelmus Schilder and published by . This book was released on 2012 with total page 121 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a perfect market a government needs not to intervene. For several reasons the housing market is not a perfect market and, thus, governments generally tend to intervene. The Dutch government, however, intervenes mainly by subsidies to such an extent that the housing market has become strongly dysfunctional. The problematic functioning of the Dutch housing market makes one wonder to what extent the theoretical reasons to intervene in the housing market still relate to the actual practice. This dissertation covers four empirical essays on different aspects of housing subsidies. In four chapters we investigate the outcome of housing subsidization, both in the owner-occupied and the rented sector, on the value of social landlords' portfolios, housing consumption, tenure choice and households' investment behavior in housing. The reader is first introduced in the basics and (a- )typicalities of the Dutch housing market in an introductory chapter.
Download or read book Housing Subsidies written by Harvey S. Rosen and published by . This book was released on 1983 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper surveys the effects of two of the most important federal policies toward housing: the "implicit subsidy" for owner-occupied housing in the income tax code, and the provision of housing for low income families at rents below cost. Emphasis is placed on the methodological problems that arise in attempts to assess the efficiency and distributive implications of these programs. Section 1 critically discusses the rationalization for a government housing policy. Section 2 investigates the econometric problems associated with estimating the effects of government policy upon housing decisions. The federal tax treatment of owner-occupation and how it affects the cost and demand for homeownership are discussed in Section 3. In Section 4, the positive and normative implications of U.S. policies for low income housing are evaluated. The conclusion notes that the policies under concern have led to a greater than efficient amount of housing consumption, and have on net probablyl ed to a more unequal distribution of income
Download or read book Routledge Library Editions Housing Policy Home Ownership written by Various and published by Routledge. This book was released on 2021-08-31 with total page 6268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published between 1961 and 1994, the volumes in this set sit equally comfortably in sociology and geography as well as housing studies. Even though they were published some years ago, their content continues to offer critical engagement with an evolving policy agenda which is even more important in a time of crisis and deeper polarization both nationally and globally as a result of the pandemic. They: Provide a comprehensive political-economic analysis of the historical origins and 20th Century experience of 19th and 20th Century housing tenure in the UK, France, Germany, the former USSR, Israel, Denmark, Sweden, Hungary, Puerto Rico and the USA. Discuss landlord-tenant relations and the neglect of particular disadvantaged groups such as the elderly, the single homeless and those in low income groups Examine the balance between rehabilitation and redevelopment and the rise and fall of the high-rise flat Cover issues such as rent, rent controls, subsidies and urban renewal Look at the implications of selling council houses and evaluate the impact of the growth of home ownership in the UK Address the practical and political difficulties of devising measures which meet policy objectives.
Download or read book The SAGE Handbook of Housing Studies written by David F Clapham and published by SAGE. This book was released on 2012-04-20 with total page 710 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cross-disciplinary and critical in its approach, The SAGE Handbook of Housing Studies is an elucidating look at the key issues within the field. It covers the study of housing retrospectively, but also analyses the future directions of research and theory, demonstrating how it can contribute to wider debates in the social sciences. A comprehensive introductory chapter is followed by four parts offering complete coverage of the area: Markets: examines the perception of housing markets, how they function in different contexts, and the importance of housing behaviour and neighbourhoods Approaches: looks at how other disciplines - economics, geography, and sociology - have informed the direction of housing studies Context: traces the interactions between housing studies and other aspects of society, providing context to debate housing through issues of space, social, welfare and the environment. Policy: is a multi-disciplinary and comprehensive take on the major policy issues and the causes and possible solutions of housing problems such as regeneration and homelessness. Edited by leading names in the field and including international contributions, the book is a stimulating, wide-ranging read that will be an invaluable resource for academics and researchers in geography, urban studies, sociology, social policy, economics and politics.
Download or read book Under Pressure written by Hina Jamelle and published by Routledge. This book was released on 2021-09-29 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Under Pressure is about instigation and design in urban housing. Urban housing is a bellwether for economic, social, and political change. It varies widely in quality, typology, and audience and lies between the formal systems of urban infrastructure and the informal systems of daily life. Housing’s complexity offers unique and exciting opportunities to architects. Its entwinement with private equity and public agencies presents important challenges amplified by urbanization. This book gathers and contextualizes relevant conversations in urban housing unfolding today across architecture through four topics: Learning from History, Changing Domesticities, Housing Finance and Policy, and Design and Material Innovation. The result is a multi-disciplinary amalgam of research and design intelligence from thought leaders in the fields of architecture, real estate, economics, policy, material design, and finance.
Download or read book International Encyclopedia of Housing and Home written by and published by Elsevier. This book was released on 2012-10-09 with total page 3870 pages. Available in PDF, EPUB and Kindle. Book excerpt: Available online via SciVerse ScienceDirect, or in print for a limited time only, The International Encyclopedia of Housing and Home, Seven Volume Set is the first international reference work for housing scholars and professionals, that uses studies in economics and finance, psychology, social policy, sociology, anthropology, geography, architecture, law, and other disciplines to create an international portrait of housing in all its facets: from meanings of home at the microscale, to impacts on macro-economy. This comprehensive work is edited by distinguished housing expert Susan J. Smith, together with Marja Elsinga, Ong Seow Eng, Lorna Fox O'Mahony and Susan Wachter, and a multi-disciplinary editorial team of 20 world-class scholars in all. Working at the cutting edge of their subject, liaising with an expert editorial advisory board, and engaging with policy-makers and professionals, the editors have worked for almost five years to secure the quality, reach, relevance and coherence of this work. A broad and inclusive table of contents signals (or tesitifes to) detailed investigation of historical and theoretical material as well as in-depth analysis of current issues. This seven-volume set contains over 500 entries, listed alphabetically, but grouped into seven thematic sections including methods and approaches; economics and finance; environments; home and homelessness; institutions; policy; and welfare and well-being. Housing professionals, both academics and practitioners, will find The International Encyclopedia of Housing and Home useful for teaching, discovery, and research needs. International in scope, engaging with trends in every world region The editorial board and contributors are drawn from a wide constituency, collating expertise from academics, policy makers, professionals and practitioners, and from every key center for housing research Every entry stands alone on its merits and is accessed alphabetically, yet each is fully cross-referenced, and attached to one of seven thematic categories whose ‘wholes' far exceed the sum of their parts