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1. |
A Property Tax Base Model |
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Real Estate Economics,
Volume 7,
Issue 2,
1979,
Page 147-162
Ira Epstein,
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摘要:
This model analyzes fiscal year changes and shifts in local government's real property tax base. The three variables quantified by this analysis are net new development, change in assessment‐market price ratio and appreciation. The model's results provide useful analytical data to taxpayers and policy makers. These data can be used to help determine policy actions relative to (1) the amount and type of development and its impact on the future fiscal position of the respective jurisdiction; (2) the equity of the various property classes' assessment‐sales price ratios; and (3) possibly altering the rate of appreciation among the various classes. The model might also be used on a sub‐area basis to help determine prospering and declining areas, and to help forecast the property tax base and re
ISSN:1080-8620
DOI:10.1111/1540-6229.00201
出版商:Blackwell Publishing Ltd
年代:1979
数据来源: WILEY
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2. |
FHA Mortgage Discount Points, House Prices and Consumer Behavior |
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Real Estate Economics,
Volume 7,
Issue 2,
1979,
Page 163-176
Karl L. Guntermann,
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PDF (962KB)
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摘要:
The allocation of FHA discount points between buyers and sellers has recently been the subject of empirical investigation. The research reported here examines this relationship in more detail. Regression equations were estimated for separate price categories of housing using dummy variables for the number of discount points being charged. Separate equations were also estimated for periods when points were rising and when they were falling. The results essentially are that sellers attempt to shift all of the discount points to buyers and frequently are successful. However, in certain situations the points are shared between buyers and seller.
ISSN:1080-8620
DOI:10.1111/1540-6229.t01-1-00201
出版商:Blackwell Publishing Ltd
年代:1979
数据来源: WILEY
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3. |
The Likely Impact of Increases in Deposit Rate Ceilings on Thrift Earnings and Housing Construction* |
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Real Estate Economics,
Volume 7,
Issue 2,
1979,
Page 177-189
Patric H. Hendershott,
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PDF (1003KB)
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摘要:
Simulations of a seventy‐equation econometric model are run in an attempt to deduce the likely impact of increases in deposit rate ceilings on financial markets, the earnings of depository institutions, and the composition of nonfinancial investment. The analysis suggests that the effect of binding rate ceilings during the 1973–75 period was to raise home mortgage rates (by about 30 basis points), accentuate the downturn in single family housing starts (by about 40,000 per year), and maintain earnings at depository institutions. Without the ceilings thrift earnings would have been about a billion dollars less per year. However, this loss might well be more than compensated for by greater thrift earnings in subsequent years and by lower noninterest expen
ISSN:1080-8620
DOI:10.1111/1540-6229.t01-2-00201
出版商:Blackwell Publishing Ltd
年代:1979
数据来源: WILEY
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4. |
Assessment Ratios and Property Tax Burdens in Norfolk, Virginia, 1974–75* |
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Real Estate Economics,
Volume 7,
Issue 2,
1979,
Page 190-203
Thomas D. Pearson,
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PDF (959KB)
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摘要:
To examine the relationship between property taxes and neighborhood housing, this paper employed property tax assessment to sale price ratios (i.e. effective tax rates) of residential properties sold during the period beginning July 1, 1974 through June 30, 1975. The analysis was designed to question whether or not the property tax in Norfolk results in different tax burdens for neighborhoods with different income levels. The results indicate there are substantial variations in effective tax rates within neighborhoods as well as between neighborhoods. More interesting is the fact that the property tax appeared to be progressive, given the measure used. If inequities in administration did not exist, it would be much more progressive.Such relationships indicate the existence of problems with the administration of the property tax in Norfolk. An examination of possible problems is conducted and some recommendations are made for potential corrective measures.
ISSN:1080-8620
DOI:10.1111/1540-6229.t01-3-00201
出版商:Blackwell Publishing Ltd
年代:1979
数据来源: WILEY
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5. |
Simulations of Savings Associations Using Alternative Mortgage Instruments |
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Real Estate Economics,
Volume 7,
Issue 2,
1979,
Page 204-226
James D. Vernor,
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PDF (1643KB)
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摘要:
This paper reports on the development and use of a deterministic, accounting identity, simulation computer model of a federally chartered savings and loan association to observe the effect upon earnings and net worth growth, over the 1964 to 1974 period, of the use of various alternative mortgage instruments. Experiments were conducted on several kinds of variable rate mortgages, graduated payment mortgages, and price level adjusted mortgages; various interest reference rates were tested along with alternative systems of constraining VRM changes, alternative graduation rates, and various systems for paying interest to savers.
ISSN:1080-8620
DOI:10.1111/1540-6229.t01-4-00201
出版商:Blackwell Publishing Ltd
年代:1979
数据来源: WILEY
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6. |
Comment on “What a National Commission on Neighborhoods Could Do” |
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Real Estate Economics,
Volume 7,
Issue 2,
1979,
Page 227-229
John M. Goering,
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PDF (194KB)
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ISSN:1080-8620
DOI:10.1111/1540-6229.t01-5-00201
出版商:Blackwell Publishing Ltd
年代:1979
数据来源: WILEY
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7. |
North‐South Differences in Housing and the Housing and Community Development Act of 19771 |
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Real Estate Economics,
Volume 7,
Issue 2,
1979,
Page 230-242
Donald C. Dahmann,
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PDF (985KB)
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摘要:
During the past two decades the South has experienced more vigorous urban development than the North. In response to this continuing trend, the Congress has recently enacted legislation that provides increased levels of Federal assistance to slower growing communities and those whose housing stocks are disproportionately old, thus providing increased benefits to northern cities. Data from the Annual Housing Survey are examined to establish differences between housing conditions in these two regions, and the potential of the newly‐established regionally targeted allocation schemes toward achieving national housing goals is discusse
ISSN:1080-8620
DOI:10.1111/1540-6229.t01-6-00201
出版商:Blackwell Publishing Ltd
年代:1979
数据来源: WILEY
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8. |
A Research Note on Factors Associated with Troubled Residential Construction Loans |
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Real Estate Economics,
Volume 7,
Issue 2,
1979,
Page 243-252
Kenneth M. Lusht,
Bruce E. Leidenberger,
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PDF (626KB)
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摘要:
Several factors considered significant in determining the level of construction lending risk were tested for association with samples of troubled and good residential construction loans. Generally, a priori expectations were confirmed. The strongest associations with risk were found for unavailability of materials, followed by inflationary cost overruns and borrower experience.Interest rates on the sample of troubled loans did not significantly differ from the rates on the sample of good loans, suggesting the lender did not adequately recognize elements of lending risk, or that those risks were ignored.
ISSN:1080-8620
DOI:10.1111/1540-6229.t01-7-00201
出版商:Blackwell Publishing Ltd
年代:1979
数据来源: WILEY
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9. |
The Mortgage Acquisition Process: A Comparison of VRM and FRM Borrowers* |
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Real Estate Economics,
Volume 7,
Issue 2,
1979,
Page 253-264
Gerald Albaum,
George G. Kaufman,
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PDF (844KB)
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摘要:
In recent years a number of alternative types of residential mortgage plans (i.e., alternative to the fixed‐rate level‐payment mortgage) have been proposed, and some of these have been available in various parts of the country. The most often proposed innovation has been the variable rate mortgage (VRM). The most widespread use of the VRM has been in the State of California, starting in early 1975. This paper discusses some of the results of a survey of over 1,700 homeowners in California that examined consumer reaction to the VRM. Specifically, this paper looks at the impact of the VRM on the mortgage acquisition process and the features of mortgages demanded by consumers. The data seem to indicate that the process of acquiring a mortgage has not been affected significantly by the availability of the VRM. However, the existence of alternative mortgage plans means that consumer choice can be broadened to include type of mortgage as well as lending institut
ISSN:1080-8620
DOI:10.1111/1540-6229.t01-8-00201
出版商:Blackwell Publishing Ltd
年代:1979
数据来源: WILEY
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10. |
The Value of a Thing is the Price It will Bring |
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Real Estate Economics,
Volume 7,
Issue 2,
1979,
Page 265-268
Fred E. Case,
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PDF (274KB)
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ISSN:1080-8620
DOI:10.1111/1540-6229.t01-9-00201
出版商:Blackwell Publishing Ltd
年代:1979
数据来源: WILEY
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