Sekkat, Khalid; Szafarz, Ariane - Centre Emile Bernheim, Solvay Brussels School of … - 2009
Housing tenure decision combines financial, economic and socio-psychological factors. This paper considers the global … the other hand, overinvestment in housing is harmful to diversification and distorts portfolio management. This trade … at least 9% of the housing price. The findings are robust to several methodological refinements. …