Mortgage interest deductibility and housing prices
AbstractAn analysis of how implementing a flat tax on income and ending the deductibility of mortgage interest payments would affect housing prices. The authors show that, to the extent prices decline, higher-income households would bear most of the impact, but increases in the value of their other assets might mitigate the drop in the price of their homes.
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Bibliographic InfoArticle provided by Federal Reserve Bank of Cleveland in its journal Economic Commentary.
Volume (Year): (1996)
Issue (Month): Feb ()
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- Voith, Richard & Gyourko, Joseph, 2002.
"Capitalization of federal taxes, the relative price of housing, and urban form: density and sorting effects,"
Regional Science and Urban Economics,
Elsevier, vol. 32(6), pages 673-690, November.
- Richard Voith & Joseph Gyourko, 2000. "Capitalization of federal taxes, the relative price of housing, and urban form: density and sorting effects," Working Papers 00-12, Federal Reserve Bank of Philadelphia.
- Richard Voith & Joseph Gyourko, . "Capitalization of Federal Taxes, the Relative Price of Housing, and Urban Form: Density and Sorting Effects," Zell/Lurie Center Working Papers 366, Wharton School Samuel Zell and Robert Lurie Real Estate Center, University of Pennsylvania.
- repec:onb:oenbwp:y:2012:i:1:b:1 is not listed on IDEAS
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