The Rate of Return from Investing in Single-Family Housing
1981; University of Wisconsin Press; Volume: 57; Issue: 2 Linguagem: Inglês
10.2307/3145789
ISSN1543-8325
AutoresWilliam W. Alberts, Halbert S. Kerr,
Tópico(s)Financial Markets and Investment Strategies
ResumoThe subject of our paper is this still largely unexplored question: When households elect to own instead of rent dwelling space, what average annual nominal rates of return do they tend to earn on the equity capital they have invested, and how do these rates compare with the average annual nominal rates of return they earn, or could earn, at the same time on equity investments in common stocks? Our purpose is to answer this question for a sample of investor-occupants in a particular urban housing market for the period 19701974.1
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