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Albert-Ludwigs-Universität Freiburg im Breisgau >
Institut für Allgemeine Wirtschaftsforschung, Department of International Economic Policy (iep), Universität Freiburg >
iep Discussion Paper Series, Department of International Economic Policy, Universität Freiburg >
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http://hdl.handle.net/10419/47892
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| Title: | | Homeowner-made housing price bubbles: East Germany's example  |
| Authors: | | Dascher, Kristof |
| Issue Date: | | 2010 |
| Series/Report no.: | | Discussion paper series // University of Freiburg, Department of International Economic Policy 11 |
| 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. |
| Subjects: | | Homeowner Majority Rent Persistence Ratchet Effect Policy Reform |
| JEL: | | R21 H73 D61 |
| Document Type: | | Working Paper |
| Appears in Collections: | | iep Discussion Paper Series, Department of International Economic Policy, Universität Freiburg
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