Volume
28,
Number 2, 2006 of the Journal of Real Estate Research
The Effects of
Housing Push Factors and Rent Expectations on Household Formation of Young
Adults
Zhu Xiao Di
Harvard University
Joint
Center for Housing Studies
1033 Massachusetts Avenue, 5th Floor
Cambridge, MA 02138
Email: xzhu1@gsd.harvard.edu |
Xiaodong Liu
Ohio State University
315C Ramseyer Hall
29 W. Woodruff Ave.
Columbus, OH 43210
Email: liu.602@osu.edu |
Abstract: Following a
group of young adults aged 25–34 living with their parents in the
American Housing Survey (AHS) data from 1985 through 1995, this paper
investigates the effect of overcrowding and neighborhood satisfaction on
household formation after controlling for local rental levels and their
changes over time. Most of these except for local rent levels have not
been tested before in models and hence this study enriches the knowledge
on household formation and its consequent potential demand for
rental and ownership housing units.
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