Mortgage subsidies, homeownership, and marriage: Effects of the VA loan program

Ricks, Judith

doi:10.1016/j.regsciurbeco.2021.103650

Cited by 4 publications

(2 citation statements)

References 20 publications

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“…This is mainly due to the increasing cost of housing ownership, which reduces investment interest in a secondary home. In contrast, primary homeowners are more concerned with house prices than with homeownership costs [73].…”

Section: Real Estate Taxes and House Pricesmentioning

confidence: 99%

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Housing Sustainability: The Effects of Speculation and Property Taxes on House Prices within and beyond the Jurisdiction

Rauf

Weber

2022

Sustainability

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Housing plays an essential role in sustainable governance due to its socio-economic and environmental connection. However, the relationship between governance policies, market behavior, and socio-economic outcomes varies geographically and demographically. Therefore, segregated policies developed and implemented may fail to achieve their desired objectives because of the sensitivity of housing policies for their connection to human wellbeing. The effectiveness of housing policies in geographically connected regions is one of the areas that has received little attention in the Canadian context. The study follows a multi-step empirical method using a multiple linear regression model and a difference-in-difference approach to assessing the geographical variation of speculation and property taxes on housing markets. The study confirms that speculation taxes are not an effective tool in curbing house prices. Similarly, considering the role of property taxes in providing public services, delinking property taxes from a potential contributor to house prices would provide a better lens to develop local housing policies. Furthermore, the study also confirms that the housing market can be better assessed at a local scale, considering geographical influence in conjunction with investment trends.

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Section: Real Estate Taxes and House Pricesmentioning

confidence: 99%

“…Furthermore, the policy measure impacts differently across population income tiers, housing tenure status, and spatial variations [66,70,73]. Mortgage tax credit facilitates the rich more than the poor.…”

Section: Real Estate Taxes and House Pricesmentioning

confidence: 99%

Housing Sustainability: The Effects of Speculation and Property Taxes on House Prices within and beyond the Jurisdiction

Rauf

Weber

2022

Sustainability

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Assessing the impacts of pandemic and the increase in minimum down payment rate on Shanghai housing prices

Zhang

Hsiao

2023

Empir Econ

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Access to housing credit and marriage: evidence from redlining maps

Madaleno

2024

Rev Econ Household

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This study evaluates the impact of a policy popularly known as “redlining” on marriage. This policy led to the creation of a series of maps that guided banks in their lending, where some areas were favored and others were discriminated against. Given the quasi-randomness of mortgage discrimination, this policy allows us to make inferences regarding whether housing credit constraints affect marriage. Furthermore, it also provides insight into whether unequal access to housing credit played a role in the contemporary racial marriage gap. This policy allows us to make these inferences due to the fact that neighborhood blocks that were more heavily discriminated against had higher proportions of Black residents. The study uses a spatial differences in discontinuities design to show that the maps led to a reduction in marriage in discriminated areas. These effects are shown to not be due to sorting. They can also be ascribed to the housing credit mechanism per se, rather than competing second-order mechanisms that result from individuals being denied mortgages. These second-order effects can include, for instance, neighborhood decline effects found in other redlining work.

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Mortgage subsidies, homeownership, and marriage: Effects of the VA loan program

Cited by 4 publications

References 20 publications

Housing Sustainability: The Effects of Speculation and Property Taxes on House Prices within and beyond the Jurisdiction

Housing Sustainability: The Effects of Speculation and Property Taxes on House Prices within and beyond the Jurisdiction

Assessing the impacts of pandemic and the increase in minimum down payment rate on Shanghai housing prices

Access to housing credit and marriage: evidence from redlining maps

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