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  1. Borrowing constraints, housing tenure choice and buy-to-let investors
    an assignment model
    Published: [2023]
    Publisher:  Tinbergen Institute, Amsterdam, The Netherlands

    We study the effect of borrowing constraints in an assignment model of the housing market. When constraints apply symmetrically to all households, these lead to lower prices but unchanged housing consumption. When households can invest their own... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 432
    No inter-library loan

     

    We study the effect of borrowing constraints in an assignment model of the housing market. When constraints apply symmetrically to all households, these lead to lower prices but unchanged housing consumption. When households can invest their own wealth and may differ in tastes, borrowing constraints will in general result in lower house prices and higher housing consumption for unconstrained households, while housing consumption of constrained households may fall. Binding borrowing constraints result in profitable arbitrage possibilities for buy-to-let investors. They can buy houses that are preferred by constrained households unable to finance them, and make them available as rental housing. In an equilibrium with free entry of such investors, house prices and the allocation of houses to households is the same as without borrowing constraints.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/273816
    Edition: This version: January 21, 2023
    Series: Array ; TI 2023, 005
    Subjects: borrowing constraints; housing tenure; arbitrage; buy-to-let investment; assignment models
    Scope: 1 Online-Ressource (circa 36 Seiten), Illustrationen
  2. Declining search frictions and type-of-employment choice
    Published: 31 March 2021
    Publisher:  CentER, Center for Economic Research, Tilburg

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    Verlag (kostenfrei)
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    VS 37
    No inter-library loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
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    Series: Discussion paper / CentER, Center for Economic Research ; no. 2021, 010
    Subjects: Self-employment; goods markets; labour markets; search frictions; Internet; matching efficiency
    Scope: 1 Online-Ressource (circa 60 Seiten), Illustrationen
  3. Buying first of selling first in housing markets
    Published: 2015
    Publisher:  Centre for Economic Policy Research, London

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 32 (10342)
    Unlimited inter-library loan, copies and loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Array ; 10342
    Subjects: Immobilienpreis; Volatilität; Wohnungsmarkt; Wohnungswechsel; Informationskosten; Kauf; Verkauf; Matching; Theorie; Schätzung; Kopenhagen; Dänemark
    Scope: 30, 28 S., graph. Darst.
    Notes:

    Parallel als Online-Ausg. erschienen