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The Co-op Discount

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  • Goodman, Allen C
  • Goodman, John L, Jr

Abstract

Cooperative and condominium housing differ in several ways that might be expected to influence their pricing. Most but not all of these differences argue for a higher valuation for condominiums. Hedonic equations estimated on a national sample indicate that the price differential on the average condo/co-op unit in 1987 was 12 percent. Condos maintain a price premium under a variety of specifications, although its magnitude depends on the bundle of attributes being priced. Copyright 1997 by Kluwer Academic Publishers

Suggested Citation

  • Goodman, Allen C & Goodman, John L, Jr, 1997. "The Co-op Discount," The Journal of Real Estate Finance and Economics, Springer, vol. 14(1-2), pages 223-233, Jan.-Marc.
    • Handle: RePEc:kap:jrefec:v:14:y:1997:i:1-2:p:223-33
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    Citations

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    Cited by:

    1. Michael H. Schill & Ioan Voicu & Jonathan Miller, 2007. "The Condominium versus Cooperative Puzzle: An Empirical Analysis of Housing in New York City," The Journal of Legal Studies, University of Chicago Press, vol. 36(2), pages 275-324, June.
    2. Sukumar Ganapati, 2010. "Enabling Housing Cooperatives: Policy Lessons from Sweden, India and the United States," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 34(2), pages 365-380, June.
    3. Goodman, Joshua Samuel & Goodman, Lucas & Goodman, Sarena & Goodman, Allen C., 2014. "A Few Goodmen: Surname-Sharing Co-Authors in Economics," Scholarly Articles 22805379, Harvard University Department of Economics.
    4. Baumann, Kilian, 2022. "Der Einfluss von Anbieterstrukturen auf Mietwohnungspreise: Theoretische Überlegungen und empirischer Ansatz," Arbeitspapiere 193, University of Münster, Institute for Cooperatives.
    5. Allen C. Goodman & Joshua Goodman & Lucas Goodman & Sarena Goodman, 2015. "A Few Goodmen: Surname-Sharing Economist Coauthors," Economic Inquiry, Western Economic Association International, vol. 53(2), pages 1392-1395, April.
    6. Karl Robertsen & Theis Theisen, 2011. "The Impact of Financial Arrangements and Institutional Form on Housing Prices," The Journal of Real Estate Finance and Economics, Springer, vol. 42(3), pages 371-392, April.

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