Download or read book Wealth Accumulation and Housing Choices of Young Households written by Donald R. Haurin and published by . This book was released on 1995 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper describes the wealth accumulation of American youth and relates this behavior to their eventual housing choices. We develop a data set that links wealth profiles of youth with constant- quality house prices and tenure choice. A panel data set is compiled for youth age 20-33 for the years 1985 through 1990. We construct wealth profiles for each household over the six year period and indicate how wealth varies with labor supply, marriage, fertility, gender, education, race/ethnicity, and tenure choice. We find renters' wealth accumulates rapidly in the year before and year of first homeownership. The factors related to this increase are marriage, increased labor supply by married women, and gifts/inheritances. Of particular interest is the finding of an inverse U-shaped relationship between the local real price of housing and middle and upper income renters' wealth and married female labor supply. Also, youth in high housing cost localities tend to live in groups at a greater rate compared to those in low cost areas.

Download or read book WEALTH ACCUMULATION AND HOUSING CHOICE OF YOUNG HOUSEHOLDS AN EXPLORATORY INVESTIGATION written by Donald R. HAURIN and published by . This book was released on 1995 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Wealth and Homeownership written by Mariacristina Rossi and published by Springer. This book was released on 2018-08-27 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: In almost every country, wealth is predominantly constituted by housing equity, but what are the possible risks and how does wealth accumulation vary across countries? In this timely book, Rossi and Sierminska analyse the complex relationship between gender, wealth and homeownership. By providing a conceptual framework to insert homeownership and housing decisions within an economic rationale, the authors explore how gender and family types have shaped wealth accumulation and homeownership.

Download or read book The Importance of Housing to the Accumulation of Household Net Wealth written by Xiao Di Zhu and published by . This book was released on 2003 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Social Dynamics in Swiss Society written by Robin Tillmann and published by Springer. This book was released on 2018-06-13 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using longitudinal data from the Swiss Household Panel to zoom in on continuity and change in the life course, this open access book describes how the lives of the Swiss population have changed in terms of health, family circumstances, work, political participation, and migration over the last sixteen years. What are the different trajectories in terms of mobility, health, wealth, and family constellations? What are the drivers behind all these changes over time and in the life course? And what are the implications for inequality in society and for social policy? The Swiss Household Panel is a unique ongoing longitudinal survey that has followed a large sample of Swiss households since 1999. The data provide the rare opportunity to go beyond a snapshot of contemporary Swiss society and give insight into the processes in people’s lives and in society that lie behind recent developments.

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

Download or read book The Importance of Wealth and Income in the Transition to Homeownership written by Xiao Di Zhu and published by . This book was released on 2005 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Wealth Accumulation and Homeownership written by Thomas P. Boehm and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A primary motivation for promoting homeownership is the concept that owner-occupied housing can be an important means of wealth accumulation, particularly for those lower income and minority households that are able to purchase homes. With given data issues, however, it is difficult to assess the importance of housing and nonhousing sources of wealth accumulation. Examining this difficulty serves as the purpose of this article. The results of this analysis support public policies aimed at both increasing homeownership opportunities in general and those policies that focus on homeownership for lower income households. Even though homeownership is not a guarantee of successful wealth accumulation, household wealth generally appears to be positively affected by homeownership, a conclusion reinforced with comparisons to accumulation of nonhousing wealth. One troubling observation is that owners often make the transition back to renting and, particularly among low-income minority households, do not regain owner-occupied housing.

Download or read book Low Income Homeownership written by Nicolas P. Retsinas and published by Brookings Institution Press. This book was released on 2004-05-28 with total page 524 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Brookings Institution Press and Harvard University Joint Center for Housing Studies publication A generation ago little attention was focused on low-income homeownership. Today homeownership rates among under-served groups, including low-income households and minorities, have risen to record levels. These groups are no longer at the margin of the housing market; they have benefited from more flexible underwriting standards and greater access to credit. However, there is still a racial/ethnic gap and the homeownership rates of minority and low-income households are still well below the national average. This volume gathers the observations of housing experts on low-income homeownership and its effects on households and communities. The book is divided into five chapters which focus on the following subjects: homeownership trends in the 1990s; overcoming borrower constraints; financial returns to low-income homeowners; low-income loan performance; and the socioeconomic impact of homeownership.

Download or read book Journal of Housing Research written by and published by . This book was released on 1997 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on Down Payment Constraint House Price and Young People s Homeownership Behavior written by Xun Wang and published by . This book was released on 2010 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Chapter 1 focuses on how changes in the down payment constraint affect the wealth accumulation profile of young households. I solve a life cycle model incorporating housing as a consumption good as well as an investment good. In the model, I simulate the effect of changes in the minimum required down payment rate and changes in the house price level. One hypothesis is that changes in the borrowing constraint influence the relationship between people's first transition age from renting to owning and their saving behavior before owning. Also, changes in the down payment constraint influence the effect of house price on wealth. With a panel data set for youth age 20-33 for the years between 1996 and 1999, I conduct an empirical analysis to test the above hypotheses. By comparing my empirical results with a previous study focused on U.S. youth for the years 1985 through 1990, I find that the effect of the "probability of owning", as well as the direct impact of house price on wealth, has been reduced and becomes much less significant. Chapter 2 focuses on the effect of house price risks on young people's homeownership behavior, via relaxing the down payment constraint. Extended from the model in the first chapter, I explicitly incorporate the stochastic path of house prices in the analysis. And I simulate the effect of house price risks on people's first transition age from renters to owners and on the homeownership rate. I find house price risks have a positive effect on young people's homeownership propensities. Moreover, relaxation of the down payment constraint will amplify this positive effect. I conduct an empirical test with U.S. young households age 20-33 for the years between 1989 and 2000. I find that when controlling for state dummy variables, house price risk has a positive effect on young people's homeownership propensities. And this effect is bigger in the late 1990s with a relaxed down payment constraint than it is in an earlier period with a higher down payment requirement.

Download or read book 106 1 Hearing Nominations Of Gregory A Baer and Susan M Wachter S Hrg 106 805 November 5 1999 written by and published by . This book was released on 2001 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Intergenerational Wealth Transfer and Its Impact on Housing written by Xiao Di Zhu and published by . This book was released on 2002 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Housing and Economic Experiences of Immigrants in U S and Canadian Cities written by Carlos Teixeira and published by University of Toronto Press. This book was released on 2015-02-26 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 1960s, new and more diverse waves of immigrants have changed the demographic composition and the landscapes of North American cities and their suburbs. The Housing and Economic Experiences of Immigrants in U.S. and Canadian Cities is a collection of essays examining how recent immigrants have fared in getting access to jobs and housing in urban centres across the continent. Using a variety of methodologies, contributors from both countries present original research on a range of issues connected to housing and economic experiences. They offer both a broad overview and a series of detailed case studies that highlight the experiences of particular communities. This volume demonstrates that, while the United States and Canada have much in common when it comes to urban development, there are important structural and historical differences between the immigrant experiences in these two countries.

Download or read book Wealth Accumulation and Homeownership written by Thomas B. Boehm and published by . This book was released on 2004 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Nominations of Gregory A Baer and Susan M Wachter written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs and published by . This book was released on 2000 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Challenges of the Housing Economy written by Colin Jones and published by John Wiley & Sons. This book was released on 2012-05-29 with total page 337 pages. Available in PDF, EPUB and Kindle. Book excerpt: This timely book addresses key challenges faced by policy makers and the house-building industry in a post-credit crunch world. It examines the implications for households, the housing market, the economy, as well as for government's policy choices. Challenges of the Housing Economy: an international perspective brings together experts from around the world to examine recent housing market trends. The contributions reveal common long-term trends in housing markets worldwide. Despite differences in supply conditions and the role of planning, there is a trend toward rising house prices that has created significant barriers to home ownership for young households while increasing the wealth of older generations. The financial crisis had a differential impact on housing markets but in many countries where mortgage finance became severely constrained, house prices fell and there was a dramatic fall in housing construction. The falls in house prices in these countries have ostensibly improved affordability but the housing markets have been dominated by the lowering of loan to values applicable to new mortgages which has further raised the hurdles to potential first-time purchasers. At the same time as young households are increasingly rationed out of owner-occupation, public sector expenditure cut-backs in many countries result in limited new social housing. Instead, value for money imperatives will mean new funding models for affordable housing that require greater use of public-private partnerships. The private rented sector could potentially meet the demand for the new generation of long-term renters. However, there are doubts - in the UK at least - that this sector will be able to expand significantly or provide an appropriate type and standard of housing. This is an essential advanced text for students and researchers of land economy and land management; property and real estate; housing policy; and urban studies.