文章基本信息

标题：The User Cost of Low-Income Homeownership.
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作者：Sarah F. Riley ; HongYu Ru ; Qing Feng 等
期刊名称：Journal of Regional Analysis and Policy
印刷版ISSN：1090-4999
出版年度：2013
卷号：43
期号：2
页码：123-137
出版社：Journal of Regional Analysis and Policy
摘要：Empirical research examining whether owning a home is less costly than renting for low-income households is largely lacking. We use detailed property information provided by a set of low-income homeowners who participated in the Community Advantage Panel Sur-vey, along with a matched sample of similar rental properties from the American Housing Survey, to determine whether low-income homeowners in the United States would have expe-rienced lower housing costs by renting between 2003 and 2011. We calculate the homeown-ers' user costs directly from the survey data, and we derive hedonic measures of equivalent rent for these homeowners via pooled regressions of house prices and rents on housing char-acteristics, from which we obtain capitalization rates. For the median homeowner in our sample, we find that owning was less costly than renting a comparable property between 2003 and 2011