An Econometric Model of Homeownership
Single-Family and Multifamily Housing Option
Bibliographic Data
| ID | 5136455 |
|---|---|
| Authors | Seong Woo Lee (0009-0007-4040-3663, Seoul National University, corresponding author), Deiriai Myers (0000-0003-0196-0700, University of Southern California, corresponding author), Dowell Myers (University of Southern California), Heon Soo Park (Anyang University, corresponding author) |
| Year | 2000 |
| Volume | 32 |
| Issue | 11 |
| Pages | 1959-1976 |
| Publication date | 2000-11-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Environment and Planning A Economy and Space (JOURNAL) |
| Journal identifiers | ISSN: 0308-518X • E-ISSN: 1472-3409 |
| Publisher | SAGE Publications Inc (PUBLISHER) |
| DOI | 10.1068/a311 |
| OpenAlex | W2051032288 |
| Language | EN |
| Citations received | 4 |
| References cited | 31 |
The purpose of this study was to examine the utility of the multifamily housing sector through models of household tenure decision, by comparing the various individual and market characteristics. We utilized individual household-level census data in the United States to detect different responses between single-family housing occupiers and multifamily housing occupiers during the 1980s. We found that although the investment potential for multifamily housing was almost equivalent to that of single-family housing in 1980, multifamily structures had lost their potential by 1990. Given this change, individual households choose multifamily housing as their shelter in a market where housing prices are high. This confirms the hypothesis that, if housing prices rise rapidly in a certain location, then individual consumers who cannot afford single-family housing may try to find a new alternative that meets their financial or other household-specific requirements
Business · Census · Econometric model · Econometrics · Economics · Geography · Labour economics · Political science · Real estate · Single family · Single-family detached home · Sociology · Financial Literacy, Pension, Retirement Analysis · Housing Market and Economics · Housing, Finance, and Neoliberalism · Finance
The social benefits of homeownership
An Analysis of Transformations
From renting to owning
The creation of a new housing sector
Immigrant Trajectories into Homeownership
An econometric model of housing price, permanent income, tenure choice, and housing demand
Property taxes and urban housing abandonment
Hedonic prices, price indices and housing markets
Analysis of the Changing Influences on Traditional Households' Ownership Patterns
Permanent income, hedonic prices, and demand for housing
The Growth of Home Ownership
The determinants of the duration of contraceptive use in China
Tenure Changes in the Context of Micro-level Family and Macro-level Economic Shifts
Housing Quality
A Comparative View of Housing Choices in Controlled and Uncontrolled Housing Markets
The Nature of Canadian Condominium Submarkets and Their Effect on the Evolving Urban Spatial Structure
Exercising the Condominium Tenure Option
The Linkage between Immigration and Internal Migration in Large Metropolitan Areas in the United States
| Unique citing works | 4 |
|---|---|
| Citations per year | 0,16 |
| Citation span | 2001 - 2021 (21) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 4 |