Loss of Age-Restricted Status and Property Values: Youngtown Arizona

Karl Guntermann and Gareth Thomas

Journal of Real Estate Research, 2004, vol. 26, issue 3, 255-276

Abstract: This study finds evidence of a large premium in Youngtown Arizona house prices that persisted over time and could be attributed to the town's age-restricted status. Age restrictions may act as a signal that the community provides facilities and services that meet the needs of the senior population and the assurance that those facilities and services will be available in the future. This assurance reduces uncertainty for future owners and it is the reduced uncertainty that is capitalized into house prices. The loss of the age restriction resulted in the elimination of the premium over approximately twelve to eighteen months.

Date: 2004
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/10835547.2004.12091141 (text/html)
Access to full text is restricted to subscribers.

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:taf:rjerxx:v:26:y:2004:i:3:p:255-276

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rjer20

DOI: 10.1080/10835547.2004.12091141

Access Statistics for this article

Journal of Real Estate Research is currently edited by William Hardin and Michael Seiler

More articles in Journal of Real Estate Research from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().