Cross-Tenure Differences in Home Maintenance and Appreciation

Dean H. Gatzlaff, Richard Green () and David Ling ()

Land Economics, 1997, vol. 73, issue 3, 328-342

Abstract: This paper investigates the relative maintenance levels of owner-and renter-occupied housing by examining their short- and long-run appreciation rates. We modify the standard repeat-sales estimation procedure to test whether owner-occupied housing appreciates faster than renter-occupied housing. This procedure holds constant all structural factors, except for aging; hence, appreciation is estimated net of physical depreciation (i.e., routine aging, deficient and deferred maintenance). We find only weak evidence to support the notion that long-term rates of appreciation (and maintenance levels) are substantially different between owner- and renter-occupied housing.

Date: 1997
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Journal Article: Cross-Tenure Differences in Home Maintenance and Appreciation (1998)
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Persistent link: https://EconPapers.repec.org/RePEc:uwp:landec:v:73:y:1997:i:3:p:328-342

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