Condominium Conversion and the Tax Reform Acts of 1969 and 1976

Michael J. Whinihan

Real Estate Economics, 1984, vol. 12, issue 4, 461-472

Abstract: Condominium conversions became a major factor in housing markets durig the 1970s. The analysis presented in this paper suggests that rental housing investors are in high marginal tax brackets and use rental housing tax losses to shelter other income. These characteristics imply that rental housing tax benefits are an important determinant of rental housing investment. The Tax Reform Act of 1969 and 1976 reduced rental housing tax benefits and may have provided an important stimulus for the condominium conversions of the 1970s. Tax and survey data confirm the predicted characteristics of rental‐housing investors. Estimates of rental flows in Chicago from 1962 to 1977 indicate that the Tax Reform Act of 1969 and 1976 were possible causes of condominium conversions during the 1970s.

Date: 1984
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://doi.org/10.1111/1540-6229.00333

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:bla:reesec:v:12:y:1984:i:4:p:461-472

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=1080-8620

Access Statistics for this article

Real Estate Economics is currently edited by Crocker Liu, N. Edward Coulson and Walter Torous

More articles in Real Estate Economics from American Real Estate and Urban Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().