Evangelista, Rui and Santos, Daniel (2012): The treatment of housing co-operatives in a house price index.
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Housing co-operatives, also known as “tenant-owner co-operative housing”, provide an alternative to both renting and owning a dwelling. As an indirect form of ownership, it poses some conceptual and practical issues to anyone aiming at compiling a price index covering all forms of own-occupied housing. Starting from the position that these co-operatives provide a type of tenure similar to owner- occupied housing, this paper provides some practical guidance on the way they can be treated in the compilation of a house price index. An empirical bootstrap study, based on advertised co-operative flats in Oslo, supports the proposals done in this paper. To our knowledge, this is the first time such a study is carried out in this context.
|Item Type:||MPRA Paper|
|Original Title:||The treatment of housing co-operatives in a house price index|
|English Title:||The Treatment of Housing Co-operatives in a House Price Index|
|Keywords:||Housing co-ops, House Price Indexes, Owner-occupied housing, Bootstrap|
|Subjects:||C - Mathematical and Quantitative Methods > C4 - Econometric and Statistical Methods: Special Topics > C43 - Index Numbers and Aggregation
E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level; Inflation; Deflation
|Depositing User:||Rui Evangelista|
|Date Deposited:||31. Oct 2012 21:40|
|Last Modified:||19. Feb 2013 20:10|
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