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- W2051237873 abstract "This paper extends the standard, urban, residential land-use model to analyze the effects of Federal Housing Administration (FHA) mortgage insurance. On the demand side, households are differentiated by income and tenure; on the supply side, the cost of housing is related to the asset prices of land and structure and the cost of capital. Hypothesizing that capital cost is a function of household tenure and income, tenure is chosen to minimize this cost. The effect of FHA, then, is to expand the housing consumption of moderate-middle income households, by reducing their capital cost, while displacing those whose cost is not reduced." @default.
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- W2051237873 date "1977-07-01" @default.
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- W2051237873 title "The Federal Housing Administration (FHA), tenure choice, and residential land use" @default.
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- W2051237873 doi "https://doi.org/10.1016/0094-1190(77)90017-1" @default.
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