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Paper: eres2010_037
| Paper title: | HOMEOWNERSHIP EXTERNALITIES, EVIDENCE FROM ROTTERDAM |
| Authors: | Cox, Ruben; Brounen, Dirk; Neuteboom, Peter |
| Summary: | Does homeownership benefit neighborhoods? We analyze two specific positive externalities of homeownership in neighborhoods: perceived safety and neighborhood satisfaction. Our analysis addresses two important questions: ‘How does the causal relation run between homeownership-rates and externalities’ and ‘Is this relationship linear in homeownership rates?’ Using unique data on Rotterdam’s neighborhoods over an eight year time-span, our evidence suggests that homeownership causes positive neighborhood externalities rather than good neighborhoods attracting owner-occupiers. However, the relationship does not seem to be linear, which means that from a policy-perspective, increasing homeownership-levels is not always effective in alleviating neighborhood distress and other socio-economic problems. |
| Type: | |
| Year of publication: | 2010 |
| Keywords: | homeownership, externalities, neighborhood stability, safety, endogeniety |
| Series: | ERES:conference |
| Download paper: | http://www.eres2010.org/index.asp?page=papers_download |
| Citation: | Cox, Ruben; Brounen, Dirk; Neuteboom, Peter (2010). HOMEOWNERSHIP EXTERNALITIES, EVIDENCE FROM ROTTERDAM. 17th Annual European Real Estate Society Conference in Milan, Italy, http://itc.scix.net/paper/eres2010_037 |
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W78
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