Estimation of Black And White Housing Services Demand Elasticities in the United States Using a Simultaneous Model of Tenure Choice And Housing Services Demand
Estimation of Black And White Housing Services Demand Elasticities in the United States Using a Simultaneous Model of Tenure Choice And Housing Services Demand
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The nominal capital gains rate, g (=g +11 )j used in this expression uses data from the U.S. Department of Housing and Urban Development (see Table 41) on the average property- values in the selected SMSAs between 1980 and 1981. That rationale behind calculating a historical capital gains rate is that it is the best guess available for an estimate of the future capital gains rate.
The final step in the construction of the housing services price indices for individual renters, namely p (white re...nters) and p , (black renters), examines whether the renter price indices calculated should take into account discounts given to renters for length of tenure. In a survey article of the rent discount literature, Marshall and Guasch (1983) concluded that landlords offer sitting tenants discounts which average approximately 1% for each year of renter occupancy, after the first year, as follows: p . = P - (.01)*(n-l)*(P ) where p . = individual housing price index for jth renter, n-1 = years of renter residency at present unit - 1, P = renter housing services price index for relevant SMSA/race group computed from the hedonic regression analysis .
What to read after Estimation of Black And White Housing Services Demand Elasticities in the United States Using a Simultaneous Model of Tenure Choice And Housing Services Demand?
You can find similar books in the "Read Also" column, or choose other free books by Williams, David Richard to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The nominal capital gains rate, g (=g +11 )j used in this expression uses data from the U.S. Department of Housing and Urban Development (see Table 41) on the average property- values in the selected SMSAs between 1980 and 1981. That rationale behind calculating a historical capital gains rate is that it is the best guess available for an estimate of the future capital gains rate.
The final step in the construction of the housing services price indices for individual renters, namely p (white re...nters) and p , (black renters), examines whether the renter price indices calculated should take into account discounts given to renters for length of tenure. In a survey article of the rent discount literature, Marshall and Guasch (1983) concluded that landlords offer sitting tenants discounts which average approximately 1% for each year of renter occupancy, after the first year, as follows: p . = P - (.01)*(n-l)*(P ) where p . = individual housing price index for jth renter, n-1 = years of renter residency at present unit - 1, P = renter housing services price index for relevant SMSA/race group computed from the hedonic regression analysis .
What to read after Estimation of Black And White Housing Services Demand Elasticities in the United States Using a Simultaneous Model of Tenure Choice And Housing Services Demand?
You can find similar books in the "Read Also" column, or choose other free books by Williams, David Richard to read onlineMoreLess
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