Home Ownership: Shelter or Burden?

Dimitris N. Chorafas

Chapter 8 in Household Finance, 2013, pp 177-198 from Palgrave Macmillan

Abstract: Abstract “Your home is your castle,” says an old proverb. Your home is also your house, and your house is a real estate investment which — like it or not — is subject to market cycles and whims which eventually confront the home owner. House prices are volatile, mortgage interest rates rise and fall, and the heavy hand of the government as well as the law of the land (evidently, including the tax code) shape the house owner’s behaviour (see the contrast between Canada and the United States at the time of the Clinton Administration’s push for home ownership in sections 8.2 and 8.3).

Keywords: Real Estate; House Price; Housing Market; Hedge Fund; Home Ownership (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-1-137-29945-1_8

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137299451

DOI: 10.1057/9781137299451_8

Access Statistics for this chapter

More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().