Equilibrium between interest payments and income in the housing market
Bibliographic Data
| ID | 12820087 |
|---|---|
| Authors | Paul S de Vries (0000-0003-0964-0111, Delft University of Technology, corresponding author), Peter J Boelhouwer (0009-0003-4092-913X, Delft University of Technology) |
| Year | 2008 |
| Volume | 24 |
| Issue | 1 |
| Pages | 19-29 |
| Publication date | 2008-11-27 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Journal of Housing and the Built Environment (JOURNAL) |
| Journal identifiers | ISSN: 1566-4910 • E-ISSN: 1573-7772 |
| Publisher | Springer Science+Business Media (PUBLISHER • DE) |
| DOI | 10.1007/s10901-008-9131-z |
| OpenAlex | W2098498146 |
| Language | EN |
| Citations received | 3 |
| References cited | 19 |
The literature on housing markets suggests that house prices in almost all western economies can be explained by short-run demand-oriented variables and a long-run term. The basic principles of the theory are that the short-run fluctuations, which are based on recent price developments (shocks), occur due to market imperfection, while over the long term, causality with such fundamentals as income will recover. Nonetheless, many of the interesting questions in housing economics concern adjustments toward equilibrium. This paper seeks to identify a long-run equilibrium between interest payments and household income (interest-to-income ratio) instead of between house prices and income (price-to-income ratio)
Comprehensive income · Economics · Gross income · Interest rate · Macroeconomics · Monetary economics · Payment · Permanent income hypothesis · Public economics · Term (time · Financial Literacy, Pension, Retirement Analysis · Housing Market and Economics · Housing, Finance, and Neoliberalism · Finance
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,2 |
| Citation span | 2011 - 2018 (8) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 3 |