Between House and Home: Renovations Labor and the Production of Residential Value
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DOI: 10.1080/00130095.2018.1526073
Abstract: Abstract In 2014, spending on home renovations across Canada outstripped spending on actual home purchases. In this article, I explore this rise in renovations spending through a case study of these dynamics in the Greater… read more here.
Keywords: labor; renovations labor; home renovations; house ... See more keywords
Mortgage Debt, Consumption, and Illiquid Housing Markets in the Great Recession
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DOI: 10.1257/aer.20170772
Abstract: Using a quantitative heterogeneous agents macro-housing model and detailed microdata, this paper studies the drivers of the 2006–2011 housing bust, its spillovers to consumption and the credit market, and the ability of mortgage rate interventions… read more here.
Keywords: debt consumption; mortgage debt; illiquid housing; housing ... See more keywords