Homeowner-made housing price bubbles: East Germany's example

Arbeitspapier

This paper argues that homeowners, if sufficiently influential, may attempt to manipulate housing prices. The paper presents an instance of, and sets out the political economy behind, one particular homeowner-made housing price bubble (in East Germany). Yet ultimately the paper suggests that homeowners may be responsible for housing price bubbles elsewhere, too. Namely, US homeowners may be the single driving force behind the latest US housing price boom that preceded the current real estate, and financial, crisis.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Discussion Paper Series ; No. 11

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Urban, Rural, Regional, Real Estate, and Transportation Economics: Housing Demand ; State and Local Government; Intergovernmental Relations: Interjurisdictional Differentials and Their Effects ; Allocative Efficiency; Cost-Benefit Analysis
• Thema: Homeowner Majority ; Rent Persistence ; Ratchet Effect ; Policy Reform ; Wohnimmobilien ; Immobilienpreis ; Bubbles ; Manipulation ; Wohneigentum ; Public Choice ; Neue Bundesländer

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Dascher, Kristof
• Ereignis: Veröffentlichung
• (wer): University of Freiburg, Department of International Economic Policy (iep)
• (wo): Freiburg i. Br.
• (wann): 2010

Weitere Informationen

• Handle: http://hdl.handle.net/10419/47892
• Letzte Aktualisierung: 10.03.2025, 11:41 MEZ