Population Density, House Prices and Mortgage Design
Datos Bibliográficos
| ID | 10493636 |
|---|---|
| Autores | David Miles (0000-0002-6387-0041, Monetary Policy Committee, The Bank of England, autor de correspondencia) |
| Año | 2012 |
| Volumen | 59 |
| Número | 5 |
| Páginas | 444-466 |
| Fecha de publicación | 2012-10-02 |
| Peer Reviewed | Sí |
| Open Access | Sí |
| Tipo | ARTICLE |
| Revista | Scottish Journal of Political Economy (JOURNAL) |
| Identificadores de la revista | ISSN: 0036-9292 • E-ISSN: 1467-9485 |
| Editorial | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1467-9485.2012.00589.x |
| OpenAlex | W2032571827 |
| Idioma | EN |
| Citas recibidas | 6 |
| Referencias citadas | 20 |
Whether house prices rise faster or slower than average incomes affects the level of home ownership and the riskiness of different means of financing house purchase. This study develops a model of the housing market with the property that the major determinant of house price rises relative to incomes is the evolution of population density. The model implies that if population density is on an upward trajectory, rises in population and in incomes increasingly generate price responses and diminishing rises in the stock of housing. Rises in population density make high and rising levels of house prices likely; this makes alternatives to standard debt financing of home ownership become more desirable. The impact this has on the structure of risk‐sharing contracts between providers of outside equity and homeowners is analysed
Debt · Economics · Equity (law · Home equity · House price · Monetary economics · Population · Stock (firearms · Finance · Financial Literacy, Pension, Retirement Analysis · Housing Market and Economics · Housing, Finance, and Neoliberalism
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| Obras citantes distintas | 6 |
|---|---|
| Citas por año | 0,75 |
| Intervalo de citas | 2018 - 2026 (9) |
| Velocidad de citación | current |
| Altamente citado | No |
| Tipos de cita | Neutras: 6 |