Decision to make a HOA: Empirical evidence

Ekaterina Borisova

Applied Econometrics, 2011, vol. 24, issue 4, 48-57

Abstract: The data of 82 homeowners associations (HOAs) in Moscow and Perm regions that underpin HOA formation are studied. Physical conditions of the housing stock, size of the buildings and socio-economic parameters of homeowners’ community are revealed; ability of tenants to resolve the collective action problem in operating housing infrastructure is shown to be of primary importance. Thus HOA formation by homeowners is a signal of their ability to manage a house. Wealth and education also matter for the decision to make a HOA.

Keywords: homeowners associations; social capital; collective action problem; housing and communal services reform (search for similar items in EconPapers)
JEL-codes: C35 D71 P29 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (1)

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