@techreport{Dascher2010Homeowner,
abstract = {This paper argues that homeowners, if sufficiently influential, may attempt to manipulate housing prices. The paper presents an instance of, and sets out the political economy behind, one particular homeowner-made housing price bubble (in East Germany). Yet ultimately the paper suggests that homeowners may be responsible for housing price bubbles elsewhere, too. Namely, US homeowners may be the single driving force behind the latest US housing price boom that preceded the current real estate, and financial, crisis.},
address = {Freiburg},
author = {Kristof Dascher},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {R21; H73; D61; 330; Homeowner Majority; Rent Persistence; Ratchet Effect; Policy Reform; Wohnimmobilien; Immobilienpreis; Bubbles; Manipulation; Wohneigentum; Public Choice; Neue Bundesl\"{a}nder},
language = {eng},
number = {11},
publisher = {Univ., Dep. of International Economic Policy},
title = {Homeowner-made housing price bubbles: East Germany's example},
type = {Discussion paper series // University of Freiburg, Department of International Economic Policy},
url = {http://hdl.handle.net/10419/47892},
year = {2010}
}
