2014
DOI: 10.1108/ijhma-06-2012-0024
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Equity induced up-trading and the housing market structure

Abstract: Equity induced up-trading and the housing market structure: Implications for price-toincome (PTI) and macroprudential interventions Trond-Arne Borgersen Article information:To cite this document: Trond-Arne Borgersen , (2014),"Equity induced up-trading and the housing market structure", International Abstract Purpose -The purpose of this paper is to highlight the importance of home equity and the interplay between market segments for housing market developments. The intention is to show that it is not only the… Show more

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Cited by 6 publications
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“…Rothenberg et al (1991) states "Housing market events and government policy initiatives which impact one submarket will have their primary effects in that submarket, with secondary effects appearing in other submarkets to the extent those submarkets are linked in substitution possibilities with the original submarket" (Rothenberg, 1991, p. 48) Substitution effects might be important between some segments, while equity effects might be important between segments (See Lee and Ung (2005) or Røed-Larsen (2010b) for the role of equity). Our frame of reasoning draws on Borgersen (2016Borgersen ( , 2014aBorgersen ( , 2014b. We consider a housing market that contains two segments for owner-occupied housing, starter and family homes, and is characterised by a housing ladder where a starter home is the first-step on the ladder.…”
Section: Introductionmentioning
confidence: 99%
“…Rothenberg et al (1991) states "Housing market events and government policy initiatives which impact one submarket will have their primary effects in that submarket, with secondary effects appearing in other submarkets to the extent those submarkets are linked in substitution possibilities with the original submarket" (Rothenberg, 1991, p. 48) Substitution effects might be important between some segments, while equity effects might be important between segments (See Lee and Ung (2005) or Røed-Larsen (2010b) for the role of equity). Our frame of reasoning draws on Borgersen (2016Borgersen ( , 2014aBorgersen ( , 2014b. We consider a housing market that contains two segments for owner-occupied housing, starter and family homes, and is characterised by a housing ladder where a starter home is the first-step on the ladder.…”
Section: Introductionmentioning
confidence: 99%