The Co-op Discount

Allen C Goodman and Goodman, John L,

The Journal of Real Estate Finance and Economics, 1997, vol. 14, issue 1-2, 223-33

Abstract: Cooperative and condominium housing differ in several ways that might be expected to influence their pricing. Most but not all of these differences argue for a higher valuation for condominiums. Hedonic equations estimated on a national sample indicate that the price differential on the average condo/co-op unit in 1987 was 12 percent. Condos maintain a price premium under a variety of specifications, although its magnitude depends on the bundle of attributes being priced. Copyright 1997 by Kluwer Academic Publishers

Date: 1997
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