(Article of periodic en Anglais - 2014)

Document title

Housing appreciation (depreciation) and owners’ welfare : an alternative view

Authors(s) and Affiliation(s)

LAI F.-C. (1) ; SUN C.-H. (2) ; WANG A.-M. (3) ;
(1) Research Centre for Humanities and Social Sciences, Academia Sinica, Nankang, TAIWAN, PROVINCE DE CHINE
(2) Dept. of Economics, Soochow Univ., Taipei, TAIWAN, PROVINCE DE CHINE
(3) Graduate Institute of Urban Planning, National Univ., Taipei, TAIWAN, PROVINCE DE CHINE


This paper treats property tax as an annual taxation and measures mortgage loan as a portion of house value when it was purchased. It is shown that if a house owner adjusts his/her house size in response to a price change, then with a low mortgage loan (or no mortgage), the owner will be better off only when there is a large appreciation or depreciation, while he/she cannot be better off under depreciation if he/she bought that house largely via a mortgage loan


Article of periodic

published at : Urban studies / ISSN 0042-0980

Editor : Longman Group, Harlow - ROYAUME-UNI (1964)

Millesime : 2014, vol. 51, no1 [pp. 63-74]

Bibliographic references : 1 p.

Collation : 6 fig.



Digital Object Identifier

Go to electronic document thanks to its DOI : doi:10.1177/0042098013484527

Tous droits réservés © Prodig - Bibliographie Géographique Internationale (BGI), 2014
Refdoc record number (ud4) : 28163675 : Permanent link - XML version
Powered by Pxxo