Sinai, Todd M. (contributor); … - 2003 - [Elektronische Ressource]
house values. However, homeownership also provides
a hedge against fluctuations in future rent payments. This paper finds … households –
so housing market risk actually increases homeownership rates and house prices. Further, the net
effect of rent … risk on the demand for homeownership increases with a household’s expected length
of stay in its home, as the cumulative …