The value of investment of YIMBY and NIMBY facilities on housing market

Taiwan Chung Hsie Yang

ERES from European Real Estate Society (ERES)

Abstract: Because of the positive utility of YIMBY facilities, there is higher housing price which house close to YIMBY facilities. On the contrary, there is lower housing price which house close to NIMBY facilities. By the view of investment, when the housing price increasing, is there higher growth rate of housing price which house close to YIMBY & NIMBY facilities or not? Is there lead-lag relationship both the growth rates of housing price? The study will test the change of marginal price rate both YIMBY & NIMBY by time, it will find the value of investment of YIMBY & NIMBY facilities on housing market.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2012-01-01
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