A Comment on "Tax Rates and Implicit Rates of Return on Owner-Occupied Single-Family Housing"

Norman G. Miller () and Michael A. Sklarz
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Norman G. Miller: Department of Finance College of Business Administration University of Cincinnati Cincinnati, Ohio 45221-0195, http://www.cba.uc.edu/dept/fin/
Michael A. Sklarz: Research Locations, Inc. 1339 Hunakai Street Honolulu, Hawaii 96816, http://www.coba.unt.edu/firel/

Journal of Real Estate Research, 1989, vol. 4, issue 1, 81-85

Abstract: In the Webb and Rubens article on homeowner rates of returns (Journal of Real Estate Research 2:2), they use a model that tends to underestimate the true returns to housing. Both their model and assumptions are reviewed in the discussion below, and modified using the identical data, to show the extent of the bias, and a more realistic result.

JEL-codes: L85 (search for similar items in EconPapers)
Date: 1989
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Citations: View citations in EconPapers (2)

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