Our paper analyses the relationship between homeownership rates as a proxy for the ratio of low income homeowners and the volatility of housing prices. There might be a destabi-lizing impact because income risks of low income households might be higher, financial resources tend to be scarcer and...

The concept of financial leverage is a paradigm in real estate investment and vital to most investment decision making. Financial theory suggests that the amount of leverage indicates the degree of risk tolerance associated with an investment. Clearly, leverage increases the buying power of an...

This article integrates the promotion of building saving into the current housing policy background and studies its effects in empirical terms. We have used microeconomic cross-sectional analyses of the income and consumption surveys to point out significant interrelations between saving...