دانلود مقاله ISI انگلیسی شماره 92647
کد مقاله سال انتشار مقاله انگلیسی ترجمه فارسی تعداد کلمات
92647 2018 17 صفحه PDF سفارش دهید 16400 کلمه
خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.
عنوان انگلیسی
Socioeconomic and racial disparities in the financial returns to homeownership
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Regional Science and Urban Economics, Volume 70, May 2018, Pages 80-96

پیش نمایش مقاله
پیش نمایش مقاله

چکیده انگلیسی

In this study we utilize data from over a million ownership spells between 1990 and 2013 in 9 metropolitan areas - Boston, Chicago, Detroit, Los Angeles, Miami, New York, Pittsburgh, San Diego, and San Francisco - to provide what we believe to be the most extensive analysis of the variation in the financial returns to homeownership along racial and socioeconomic dimensions. Holding constant a buyer's purchase price, property type, neighborhood, and purchase and sale timing, we find that capital gains have been systematically lower for low-income and minority home buyers in every market in our sample. In some cases, the unconditional returns realized by these buyers were higher, a phenomenon driven by their higher propensity to purchase lower-priced homes that experienced high levels of appreciation. Taken as whole, our findings call into question the widespread claim that encouraging homeownership for low-income and minority households is a panacea for addressing wealth inequality.

خرید مقاله
پس از پرداخت، فوراً می توانید مقاله را دانلود فرمایید.