Getting on and Moving Up the Property Ladder: Real hedging in the U.S. Housing Market Before and After the Crisis
(2019)
Journal Article
Damianov, D. S., & Escobari, D. (2021). Getting on and Moving Up the Property Ladder: Real hedging in the U.S. Housing Market Before and After the Crisis. Real Estate Economics, 49(4), 1201-1237. https://doi.org/10.1111/1540-6229.12276
Real hedging is the practice of getting onto the property ladder in order to trade up to a larger home in the future. We define the value of the real hedge of home ownership as the difference between the risk premiums of renting and owning and explor... Read More about Getting on and Moving Up the Property Ladder: Real hedging in the U.S. Housing Market Before and After the Crisis.