Tenure Choice, Housing Demand and Residential Location
This paper incorporates location and tenure choice into a simultaneous equation model of housing demand. The estimation results reveal that an important asymmetry may exist between renters and homeowners in terms of their respective housing decisions. The most important finding in this paper is that...
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| Veröffentlicht in: | The Journal of real estate research 1991-10, Vol.6 (3), p.341-356 |
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| container_end_page | 356 |
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| container_title | The Journal of real estate research |
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| creator | Elder, Harold W. Zumpano, Leonard V. |
| description | This paper incorporates location and tenure choice into a simultaneous equation model of housing demand. The estimation results reveal that an important asymmetry may exist between renters and homeowners in terms of their respective housing decisions. The most important finding in this paper is that for homeowners housing quantity and locations are jointly determined. Equally important, the decision process for homeowners appears to be sequential in nature, with tenure choice independent of the housing demand and location decisions. However, this does not appear to be the case for renters. It may be that for tenants location and housing quantity choices are more limited than for homeowners. |
| doi_str_mv | 10.1080/10835547.1991.12090656 |
| format | Article |
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It may be that for tenants location and housing quantity choices are more limited than for homeowners.</description><subject>Commuting</subject><subject>Consumer demand</subject><subject>Cost estimates</subject><subject>Economic models</subject><subject>Geographic location</subject><subject>Home ownership</subject><subject>Households</subject><subject>Housing</subject><subject>Housing demand</subject><subject>Income elasticity of demand</subject><subject>Modeling</subject><subject>Public transportation</subject><issn>0896-5803</issn><issn>2691-1175</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1991</creationdate><recordtype>article</recordtype><sourceid>K30</sourceid><recordid>eNpdkM1LAzEQxYMoWKt_grIgeHLrTL5zlPpRoSBIPYdtNqtb2k1Ndg_-96bUevDwZhh4b3j8CLlCmCBouMuDCcHVBI3BCVIwIIU8IiMqDZaIShyTEWgjS6GBnZKzlFYAwClVIyIXvhuiL6afoXX-tpiFIbXdR_HgN1VXFzu9-dTWvuvbal3Mg6v6NnTn5KSp1slf_O4xeX96XExn5fz1-WV6Py8dapTlUmHlYEm5aqikTb5UDY0xTmZBzQ1nWnomPArnnNJe1qYRpmZaU06hZmNys_-7jeFr8Km3mzY5v15Xnc9NLVPMcMpkNl7_M67CELvczSI1jEkFiNkl9y4XQ0rRN3Yb200Vvy2C3cG0B5h2B9MeYObg5T64Sn2IfynOwQghkP0Apf9uGg</recordid><startdate>19911001</startdate><enddate>19911001</enddate><creator>Elder, Harold W.</creator><creator>Zumpano, Leonard V.</creator><general>American Real Estate Society</general><scope>AAYXX</scope><scope>CITATION</scope><scope>K30</scope><scope>PAAUG</scope><scope>PAWHS</scope><scope>PAWZZ</scope><scope>PAXOH</scope><scope>PBHAV</scope><scope>PBQSW</scope><scope>PBYQZ</scope><scope>PCIWU</scope><scope>PCMID</scope><scope>PCZJX</scope><scope>PDGRG</scope><scope>PDWWI</scope><scope>PETMR</scope><scope>PFVGT</scope><scope>PGXDX</scope><scope>PIHIL</scope><scope>PISVA</scope><scope>PJCTQ</scope><scope>PJTMS</scope><scope>PLCHJ</scope><scope>PMHAD</scope><scope>PNQDJ</scope><scope>POUND</scope><scope>PPLAD</scope><scope>PQAPC</scope><scope>PQCAN</scope><scope>PQCMW</scope><scope>PQEME</scope><scope>PQHKH</scope><scope>PQMID</scope><scope>PQNCT</scope><scope>PQNET</scope><scope>PQSCT</scope><scope>PQSET</scope><scope>PSVJG</scope><scope>PVMQY</scope><scope>PZGFC</scope><scope>SDSKB</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>19911001</creationdate><title>Tenure Choice, Housing Demand and Residential Location</title><author>Elder, Harold W. ; 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The estimation results reveal that an important asymmetry may exist between renters and homeowners in terms of their respective housing decisions. The most important finding in this paper is that for homeowners housing quantity and locations are jointly determined. Equally important, the decision process for homeowners appears to be sequential in nature, with tenure choice independent of the housing demand and location decisions. However, this does not appear to be the case for renters. It may be that for tenants location and housing quantity choices are more limited than for homeowners.</abstract><cop>Sacramento, Calif</cop><pub>American Real Estate Society</pub><doi>10.1080/10835547.1991.12090656</doi><tpages>16</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0896-5803 |
| ispartof | The Journal of real estate research, 1991-10, Vol.6 (3), p.341-356 |
| issn | 0896-5803 2691-1175 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_37394236 |
| source | Periodicals Index Online; Jstor Complete Legacy |
| subjects | Commuting Consumer demand Cost estimates Economic models Geographic location Home ownership Households Housing Housing demand Income elasticity of demand Modeling Public transportation |
| title | Tenure Choice, Housing Demand and Residential Location |
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