Pet Policy and Housing Prices: Evidence from the Condominium Market
This paper examines the economic impact of restrictions against keeping domestic pets in residential dwellings. Using a large data sample of condominium sales, we empirically estimate price effects associated with pet restrictions. Our results suggest that an unrestricted pet policy creates a signif...
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| Veröffentlicht in: | The journal of real estate finance and economics 2013-07, Vol.47 (1), p.109-122 |
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| container_title | The journal of real estate finance and economics |
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| creator | Lin, Zhenguo Allen, Marcus T. Carter, Charles C. |
| description | This paper examines the economic impact of restrictions against keeping domestic pets in residential dwellings. Using a large data sample of condominium sales, we empirically estimate price effects associated with pet restrictions. Our results suggest that an unrestricted pet policy creates a significant premium in condominium price, along with discounts for condominiums that do not allow pets or have pet restrictions. This finding is useful for policy makers, developers of new condominium projects, and condominium owner associations in their decisions to establish or alter laws and regulations regarding restrictions on pet owner residents. |
| doi_str_mv | 10.1007/s11146-011-9351-y |
| format | Article |
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Using a large data sample of condominium sales, we empirically estimate price effects associated with pet restrictions. Our results suggest that an unrestricted pet policy creates a significant premium in condominium price, along with discounts for condominiums that do not allow pets or have pet restrictions. This finding is useful for policy makers, developers of new condominium projects, and condominium owner associations in their decisions to establish or alter laws and regulations regarding restrictions on pet owner residents.</description><identifier>ISSN: 0895-5638</identifier><identifier>EISSN: 1573-045X</identifier><identifier>DOI: 10.1007/s11146-011-9351-y</identifier><language>eng</language><publisher>Boston: Springer US</publisher><subject>Americans with Disabilities Act 1990-US ; Animals ; Condominiums ; Deafness ; Disability ; Economic impact ; Economic impact analysis ; Economic models ; Economic statistics ; Economic theory ; Economics ; Economics and Finance ; Expenditures ; Financial Services ; Households ; Housing market ; Housing prices ; Legislation ; Legislatures ; Pet supplies ; Pets ; Property values ; Real estate ; Real estate market ; Regional/Spatial Science ; Regulation ; Restrictions ; Sales ; Social support ; State laws ; Studies</subject><ispartof>The journal of real estate finance and economics, 2013-07, Vol.47 (1), p.109-122</ispartof><rights>Springer Science+Business Media, LLC 2011</rights><rights>Springer Science+Business Media New York 2013</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c461t-d4112c2064195ca97aaf6cbc2443998ca83ea15af805c1dc511e3d4079559eaf3</citedby><cites>FETCH-LOGICAL-c461t-d4112c2064195ca97aaf6cbc2443998ca83ea15af805c1dc511e3d4079559eaf3</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://link.springer.com/content/pdf/10.1007/s11146-011-9351-y$$EPDF$$P50$$Gspringer$$H</linktopdf><linktohtml>$$Uhttps://link.springer.com/10.1007/s11146-011-9351-y$$EHTML$$P50$$Gspringer$$H</linktohtml><link.rule.ids>314,780,784,27924,27925,41488,42557,51319</link.rule.ids></links><search><creatorcontrib>Lin, Zhenguo</creatorcontrib><creatorcontrib>Allen, Marcus T.</creatorcontrib><creatorcontrib>Carter, Charles C.</creatorcontrib><title>Pet Policy and Housing Prices: Evidence from the Condominium Market</title><title>The journal of real estate finance and economics</title><addtitle>J Real Estate Finan Econ</addtitle><description>This paper examines the economic impact of restrictions against keeping domestic pets in residential dwellings. Using a large data sample of condominium sales, we empirically estimate price effects associated with pet restrictions. Our results suggest that an unrestricted pet policy creates a significant premium in condominium price, along with discounts for condominiums that do not allow pets or have pet restrictions. This finding is useful for policy makers, developers of new condominium projects, and condominium owner associations in their decisions to establish or alter laws and regulations regarding restrictions on pet owner residents.</description><subject>Americans with Disabilities Act 1990-US</subject><subject>Animals</subject><subject>Condominiums</subject><subject>Deafness</subject><subject>Disability</subject><subject>Economic impact</subject><subject>Economic impact analysis</subject><subject>Economic models</subject><subject>Economic statistics</subject><subject>Economic theory</subject><subject>Economics</subject><subject>Economics and Finance</subject><subject>Expenditures</subject><subject>Financial Services</subject><subject>Households</subject><subject>Housing market</subject><subject>Housing prices</subject><subject>Legislation</subject><subject>Legislatures</subject><subject>Pet supplies</subject><subject>Pets</subject><subject>Property values</subject><subject>Real estate</subject><subject>Real estate market</subject><subject>Regional/Spatial Science</subject><subject>Regulation</subject><subject>Restrictions</subject><subject>Sales</subject><subject>Social support</subject><subject>State laws</subject><subject>Studies</subject><issn>0895-5638</issn><issn>1573-045X</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2013</creationdate><recordtype>article</recordtype><sourceid>ABUWG</sourceid><sourceid>AFKRA</sourceid><sourceid>BENPR</sourceid><sourceid>CCPQU</sourceid><sourceid>DWQXO</sourceid><recordid>eNp1kMFKxDAURYMoOI5-gLuAGzfRvCZpG3dSRkcYcRYK7kJM0zFjm45JK_Tv7VAXIrh6m3PvuxyEzoFeAaXZdQQAnhIKQCQTQIYDNAORMUK5eD1EM5pLQUTK8mN0EuOWUppmOZ2hYm07vG5rZwasfYmXbR-d3-B1cMbGG7z4cqX1xuIqtA3u3i0uWl-2jfOub_CjDh-2O0VHla6jPfu5c_Ryt3gulmT1dP9Q3K6I4Sl0pOQAiUloykEKo2WmdZWaN5NwzqTMjc6Z1SB0lVNhoDQCwLKS00wKIa2u2BxdTr270H72NnaqcdHYutbejrMVcMjHFyJhI3rxB922ffDjOgUsoyyROc9GCibKhDbGYCu1C67RYVBA1V6rmrSqUavaa1XDmEmmTBxZv7HhV_O_oW-GbHlB</recordid><startdate>20130701</startdate><enddate>20130701</enddate><creator>Lin, Zhenguo</creator><creator>Allen, Marcus T.</creator><creator>Carter, Charles C.</creator><general>Springer US</general><general>Springer Nature B.V</general><scope>AAYXX</scope><scope>CITATION</scope><scope>3V.</scope><scope>7WY</scope><scope>7WZ</scope><scope>7XB</scope><scope>87Z</scope><scope>885</scope><scope>8AO</scope><scope>8BJ</scope><scope>8FK</scope><scope>8FL</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>ANIOZ</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FQK</scope><scope>FRAZJ</scope><scope>FRNLG</scope><scope>F~G</scope><scope>JBE</scope><scope>K60</scope><scope>K6~</scope><scope>L.-</scope><scope>M0C</scope><scope>M1F</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>Q9U</scope></search><sort><creationdate>20130701</creationdate><title>Pet Policy and Housing Prices: Evidence from the Condominium Market</title><author>Lin, Zhenguo ; Allen, Marcus T. ; Carter, Charles C.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c461t-d4112c2064195ca97aaf6cbc2443998ca83ea15af805c1dc511e3d4079559eaf3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2013</creationdate><topic>Americans with Disabilities Act 1990-US</topic><topic>Animals</topic><topic>Condominiums</topic><topic>Deafness</topic><topic>Disability</topic><topic>Economic impact</topic><topic>Economic impact analysis</topic><topic>Economic models</topic><topic>Economic statistics</topic><topic>Economic theory</topic><topic>Economics</topic><topic>Economics and Finance</topic><topic>Expenditures</topic><topic>Financial Services</topic><topic>Households</topic><topic>Housing market</topic><topic>Housing prices</topic><topic>Legislation</topic><topic>Legislatures</topic><topic>Pet supplies</topic><topic>Pets</topic><topic>Property values</topic><topic>Real estate</topic><topic>Real estate market</topic><topic>Regional/Spatial Science</topic><topic>Regulation</topic><topic>Restrictions</topic><topic>Sales</topic><topic>Social support</topic><topic>State laws</topic><topic>Studies</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Lin, Zhenguo</creatorcontrib><creatorcontrib>Allen, Marcus T.</creatorcontrib><creatorcontrib>Carter, Charles C.</creatorcontrib><collection>CrossRef</collection><collection>ProQuest Central (Corporate)</collection><collection>Access via ABI/INFORM (ProQuest)</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Global (Alumni Edition)</collection><collection>Banking Information Database (Alumni Edition)</collection><collection>ProQuest Pharma Collection</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>ProQuest Central (Alumni Edition)</collection><collection>ProQuest Central UK/Ireland</collection><collection>Accounting, Tax & Banking Collection</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>International Bibliography of the Social Sciences</collection><collection>Accounting, Tax & Banking Collection (Alumni)</collection><collection>Business Premium Collection (Alumni)</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>International Bibliography of the Social Sciences</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Global</collection><collection>Banking Information Database</collection><collection>ProQuest One Business</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central Basic</collection><jtitle>The journal of real estate finance and economics</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Lin, Zhenguo</au><au>Allen, Marcus T.</au><au>Carter, Charles C.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Pet Policy and Housing Prices: Evidence from the Condominium Market</atitle><jtitle>The journal of real estate finance and economics</jtitle><stitle>J Real Estate Finan Econ</stitle><date>2013-07-01</date><risdate>2013</risdate><volume>47</volume><issue>1</issue><spage>109</spage><epage>122</epage><pages>109-122</pages><issn>0895-5638</issn><eissn>1573-045X</eissn><abstract>This paper examines the economic impact of restrictions against keeping domestic pets in residential dwellings. 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| ispartof | The journal of real estate finance and economics, 2013-07, Vol.47 (1), p.109-122 |
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| source | SpringerNature Journals; EBSCOhost Business Source Complete |
| subjects | Americans with Disabilities Act 1990-US Animals Condominiums Deafness Disability Economic impact Economic impact analysis Economic models Economic statistics Economic theory Economics Economics and Finance Expenditures Financial Services Households Housing market Housing prices Legislation Legislatures Pet supplies Pets Property values Real estate Real estate market Regional/Spatial Science Regulation Restrictions Sales Social support State laws Studies |
| title | Pet Policy and Housing Prices: Evidence from the Condominium Market |
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