Homeowner-made Housing Price Bubbles - East Germany's Example -
This paper argues that homeowners, if suffciently infuential, may attempt to manipulate housing prices. The paper presents an instance of, and sets out the political economy behind, one particular homeowner-made housing price bubble (in East Germany). Yet ultimately the paper suggests that homeowners may be responsible for housing price bubbles elsewhere, too. Namely, US homeowners may be the single driving force behind the latest US housing price boom that preceded the current real estate, and financial, crisis.
|Date of creation:||Feb 2010|
|Date of revision:||Feb 2010|
|Contact details of provider:|| Postal: Kollegiengebäde II, Platz der Alten Synagoge, 79085 Freiburg|
Phone: +49 +761 / 203 2301
Fax: +49 +761 / 203 2303
Web page: http://www.vwl.uni-freiburg.de/iwipol/sopo.htm
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Olsen, Edgar O. & Barton, David M., 1983. "The benefits and costs of public housing in New York City," Journal of Public Economics, Elsevier, vol. 20(3), pages 299-332, April.
- Thiess Buettner & Alexander Ebertz, 2009.
"Quality of life in the regions: results for German Counties,"
The Annals of Regional Science,
Springer;Western Regional Science Association, vol. 43(1), pages 89-112, March.
- Thiess Büttner & Alexander Ebertz, 2007. "Quality of Life in the Regions - Results for German Counties," Ifo Working Paper Series Ifo Working Paper No. 49, Ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
- Jennifer Hunt, 2006. "Staunching Emigration from East Germany: Age and the Determinants of Migration," Journal of the European Economic Association, MIT Press, vol. 4(5), pages 1014-1037, 09.
- Glaeser Edward L & Gyourko Joseph, 2008. "The Case against Housing Price Supports," The Economists' Voice, De Gruyter, vol. 5(6), pages 1-8, October.
- Oswald Andrew J., 1996. "A Conjecture on the Explanation for High Unemployment in the Industrialized Nations : Part I," The Warwick Economics Research Paper Series (TWERPS) 475, University of Warwick, Department of Economics.
- Gerlinde Sinn & Hans-Werner Sinn, 1994. "Jumpstart: The Economic Unification of Germany," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262691728, July. Full references (including those not matched with items on IDEAS)
When requesting a correction, please mention this item's handle: RePEc:fre:wpaper:11. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Günther G. Schulze)
If references are entirely missing, you can add them using this form.