摘要:

This paper describes the rent control program in Ontario and discusses the consequences of these controls. It indicates that rent controls caused both a small nominal decline and a large real decline in the per unit value of rental apartments, substantially reduced new rental housing starts, generated a rental housing shortage, created a dual market with significant rent differences between the controlled and uncontrolled (new construction) sectors, and imposed large costs on government in the form of foregone tax revenues and increased rental housing subsidies. The paper also indicates some of the political responses to the developing economic effects, such as the imposition of additional land use controls and increased government spending programs to stimulate new rental construction.

ISSN:1080-8620    

DOI:10.1111/1540-6229.00234

出版商:Blackwell Publishing Ltd    

年代:1981

数据来源: WILEY

摘要:

This paper examines the impact of growth controls on the price of new single‐family homes. Four types of growth controls are discussed and each is found to have a significantly different impact on housing prices. Regulations that are imposed by one locality only are first compared to those that are imposed by a locality whose neighbors also control growth. In California, increases in house prices in communities with only local growth controls cannot be distinguished from communities that do not control growth. However, the 1969 to 1976 housing price increase in growth control jurisdictions located in extensively regulated housing markets is significantly higher than in local‐only or no‐control jurisdictions. In addition, controls that restrict the rate of development are compared to those that specify the quality of development. In the extensively regulated San Francisco Bay area, the 1969 to 1976 housing price increase was 35% higher in rate‐controlled communities and 20% higher in quality‐controlled communities than in no‐control

ISSN:1080-8620    

DOI:10.1111/1540-6229.00235

出版商:Blackwell Publishing Ltd    

年代:1981

数据来源: WILEY

摘要:

The advantages of using an accelerated form of depreciation are significantly reduced for investors with substantial wage incomes. Excess depreciation is treated as a tax preference item under current tax rules which has the effect of imposing significant tax penalties on the high wage income individual who invests in rental property and who qualifies for the maximum tax on personal service income. Under certain circumstances accelerated depreciation methods may be inferior to the straight‐line method. The explanation for this phenomenon lies in the interaction between tax preference income and the maximum ta

ISSN:1080-8620    

DOI:10.1111/1540-6229.00236

出版商:Blackwell Publishing Ltd    

年代:1981

数据来源: WILEY

摘要:

This paper investigates the question of tax‐induced holding periods for income‐producing property, and whether such periods are influenced by selection of depreciation methods and inflation. Also, given that selection of depreciation methods are a function of holding periods, the magnitudes of benefits associated with selection of depreciation methods are examined. These issues are considered for investors affected by the regular minimum tax and the maximum tax as well as those unaffected by such provisi

ISSN:1080-8620    

DOI:10.1111/1540-6229.00237

出版商:Blackwell Publishing Ltd    

年代:1981

数据来源: WILEY

摘要:

The effect of local government property taxes and expenditures on investment in housing and manufacturing plant and equipment is analyzed in theoretic model and tested empirically. An investment model of firm behavior is developed and implications regarding the effects are deduced. These implications are tested in a single equation model of investment in single‐ and multifamily structures and capital investment in manufacturing in eleven urban cities and their eighty‐nine suburbs. Tentative conclusions that additional municipal expenditures increase investment and a higher effective property tax rate diminishes it are supported and that cities have on average exhausted thenetbenefits of increasing balanced budg

ISSN:1080-8620    

DOI:10.1111/1540-6229.00238

出版商:Blackwell Publishing Ltd    

年代:1981

数据来源: WILEY

摘要:

This note examines factors affecting net housing stock loss rates. It develops and estimates an econometric model explaining differences in net stock loss rates across Canada's 10 provinces and northern territories. The regression results show housing stock losses to be affected by migration patterns, completion rates and the quality of the existing stock. When the demand side variables and housing quality is controlled for the addition of 1% to the completion rate, .29% is added to the net stock loss rate, i.e., one unit is lost for every 3.4 units added.

ISSN:1080-8620    

DOI:10.1111/1540-6229.00239

出版商:Blackwell Publishing Ltd    

年代:1981

数据来源: WILEY