Matches in SemOpenAlex for { <https://semopenalex.org/work/W3150236125> ?p ?o ?g. }
Showing items 1 to 73 of
73
with 100 items per page.
- W3150236125 endingPage "93" @default.
- W3150236125 startingPage "67" @default.
- W3150236125 abstract "In this article, we study tradeoffs associated with homeownership and renting. We consider a model in which housing capital generates housing services, but also requires regular maintenance. A household wants to purchase a flow of housing services. Maintenance on the house providing this flow to the household can be performed by the household itself or by an outside property manager. We abstract from taxes or other government distortions. The household contracts with a bank/landlord that has funds sufficient to make a lumpy housing investment. We do not assume that the bank/landlord can observe the household's effort, consumption, or savings. We show that simple renting of the house from the bank/landlord is an optimal contract for the provision of housing services to the household, conditional on the outside property manager being hired. If the manager is not hired, it is optimal for the bank/landlord to lend the money to the household to acquire housing services by purchasing a home. In this arrangement, the bank's interest is secured by a zero-down, fixed-rate mortgage with a clause prohibiting subordinated financing. We use a parameterized example to compare the values that an average household can obtain in the renting contract against the owning contract. In this example, renting clearly wins." @default.
- W3150236125 created "2021-04-13" @default.
- W3150236125 creator A5052857041 @default.
- W3150236125 creator A5062272112 @default.
- W3150236125 date "2011-01-01" @default.
- W3150236125 modified "2023-09-23" @default.
- W3150236125 title "Optimal contracts for housing services purchases" @default.
- W3150236125 hasPublicationYear "2011" @default.
- W3150236125 type Work @default.
- W3150236125 sameAs 3150236125 @default.
- W3150236125 citedByCount "0" @default.
- W3150236125 crossrefType "posted-content" @default.
- W3150236125 hasAuthorship W3150236125A5052857041 @default.
- W3150236125 hasAuthorship W3150236125A5062272112 @default.
- W3150236125 hasConcept C10138342 @default.
- W3150236125 hasConcept C144024400 @default.
- W3150236125 hasConcept C144133560 @default.
- W3150236125 hasConcept C145236788 @default.
- W3150236125 hasConcept C162324750 @default.
- W3150236125 hasConcept C162853370 @default.
- W3150236125 hasConcept C17744445 @default.
- W3150236125 hasConcept C199539241 @default.
- W3150236125 hasConcept C27548731 @default.
- W3150236125 hasConcept C2778813691 @default.
- W3150236125 hasConcept C2781137002 @default.
- W3150236125 hasConcept C30772137 @default.
- W3150236125 hasConcept C36289849 @default.
- W3150236125 hasConcept C85502023 @default.
- W3150236125 hasConcept C94625758 @default.
- W3150236125 hasConceptScore W3150236125C10138342 @default.
- W3150236125 hasConceptScore W3150236125C144024400 @default.
- W3150236125 hasConceptScore W3150236125C144133560 @default.
- W3150236125 hasConceptScore W3150236125C145236788 @default.
- W3150236125 hasConceptScore W3150236125C162324750 @default.
- W3150236125 hasConceptScore W3150236125C162853370 @default.
- W3150236125 hasConceptScore W3150236125C17744445 @default.
- W3150236125 hasConceptScore W3150236125C199539241 @default.
- W3150236125 hasConceptScore W3150236125C27548731 @default.
- W3150236125 hasConceptScore W3150236125C2778813691 @default.
- W3150236125 hasConceptScore W3150236125C2781137002 @default.
- W3150236125 hasConceptScore W3150236125C30772137 @default.
- W3150236125 hasConceptScore W3150236125C36289849 @default.
- W3150236125 hasConceptScore W3150236125C85502023 @default.
- W3150236125 hasConceptScore W3150236125C94625758 @default.
- W3150236125 hasLocation W31502361251 @default.
- W3150236125 hasOpenAccess W3150236125 @default.
- W3150236125 hasPrimaryLocation W31502361251 @default.
- W3150236125 hasRelatedWork W1607971923 @default.
- W3150236125 hasRelatedWork W1976189877 @default.
- W3150236125 hasRelatedWork W2016270587 @default.
- W3150236125 hasRelatedWork W2021204813 @default.
- W3150236125 hasRelatedWork W2045402417 @default.
- W3150236125 hasRelatedWork W2163765195 @default.
- W3150236125 hasRelatedWork W2171707359 @default.
- W3150236125 hasRelatedWork W2211534522 @default.
- W3150236125 hasRelatedWork W2274804436 @default.
- W3150236125 hasRelatedWork W2413783178 @default.
- W3150236125 hasRelatedWork W2473480484 @default.
- W3150236125 hasRelatedWork W2495667395 @default.
- W3150236125 hasRelatedWork W2889437654 @default.
- W3150236125 hasRelatedWork W2913559514 @default.
- W3150236125 hasRelatedWork W642699178 @default.
- W3150236125 hasRelatedWork W2115016007 @default.
- W3150236125 hasRelatedWork W2161159471 @default.
- W3150236125 hasRelatedWork W2166400137 @default.
- W3150236125 hasRelatedWork W2874053972 @default.
- W3150236125 hasRelatedWork W3141875282 @default.
- W3150236125 isParatext "false" @default.
- W3150236125 isRetracted "false" @default.
- W3150236125 magId "3150236125" @default.
- W3150236125 workType "article" @default.