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Abstract

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-

Language: English-

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 AggregationE - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level ; Inflation ; Deflation-





Autor: Evangelista, Rui

Fuente: https://mpra.ub.uni-muenchen.de/42200/







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