The Impact Of Commercial Real Estate Regulations On Us Output PDF Download
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Author | : Fil Babalievsky |
Publisher | : |
Total Pages | : 0 |
Release | : 2023 |
Genre | : |
ISBN | : |
Download The Impact of Commercial Real Estate Regulations on U.S. Output Book in PDF, ePub and Kindle
Commercial real estate accounts for roughly 20% of the U.S. fixed asset stock, and commercial land use is highly regulated. However, little is known about the quantitative impact of these regulations on economic activity or consumer welfare. This paper develops a spatial general equilibrium model of the U.S. economy that includes commercial real estate regulations and congestion effects, the latter of which provide a rationale for such regulations. The model is tailored to exploit the near-universe of CoreLogic's commercial, parcel-level, property tax records to construct a quantitative index of commercial real estate regulations for nearly every commercial property. We use the model to evaluate the positive and normative impacts of commercial land use deregulations. Moderately relaxing commercial regulations across all U.S. cities yields large allocative efficiency effects, with output gains of about 3 percent to 6 percent and welfare gains of about 3 percent to 9 percent of lifetime consumption. We also find significant positive and normative gains from deregulation with 40 percent of the labor force working remotely.
Author | : Michael Ball |
Publisher | : Psychology Press |
Total Pages | : 422 |
Release | : 1998 |
Genre | : Architecture |
ISBN | : 9780415149938 |
Download The Economics of Commercial Property Markets Book in PDF, ePub and Kindle
With empirical examples drawn from around the world illustrating the theories and issues discussed, this text provides a rigorous analysis of real estate markets.
Author | : |
Publisher | : |
Total Pages | : 44 |
Release | : 1995 |
Genre | : Mortgage-backed securities |
ISBN | : |
Download America's Real Estate Book in PDF, ePub and Kindle
Author | : United States. Congressional Oversight Panel |
Publisher | : |
Total Pages | : 182 |
Release | : 2011 |
Genre | : Business & Economics |
ISBN | : |
Download Commercial Real Estate's Impact on Bank Stability Book in PDF, ePub and Kindle
Author | : William A. Fischel |
Publisher | : Harvard University Press |
Total Pages | : 362 |
Release | : 2009-07-01 |
Genre | : Law |
ISBN | : 9780674036901 |
Download The Homevoter Hypothesis Book in PDF, ePub and Kindle
Just as investors want the companies they hold equity in to do well, homeowners have a financial interest in the success of their communities. If neighborhood schools are good, if property taxes and crime rates are low, then the value of the homeowner’s principal asset—his home—will rise. Thus, as William Fischel shows, homeowners become watchful citizens of local government, not merely to improve their quality of life, but also to counteract the risk to their largest asset, a risk that cannot be diversified. Meanwhile, their vigilance promotes a municipal governance that provides services more efficiently than do the state or national government. Fischel has coined the portmanteau word “homevoter” to crystallize the connection between homeownership and political involvement. The link neatly explains several vexing puzzles, such as why displacement of local taxation by state funds reduces school quality and why local governments are more likely to be efficient providers of environmental amenities. The Homevoter Hypothesis thereby makes a strong case for decentralization of the fiscal and regulatory functions of government.
Author | : John McMahan |
Publisher | : |
Total Pages | : 484 |
Release | : 2005 |
Genre | : Business & Economics |
ISBN | : 9780977018901 |
Download Cases in Commercial Real Estate Investing Book in PDF, ePub and Kindle
Author | : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Financial Institutions Supervision, Regulation and Insurance. Resolution Trust Corporation Task Force |
Publisher | : |
Total Pages | : 118 |
Release | : 1991 |
Genre | : Business & Economics |
ISBN | : |
Download The RTC Book in PDF, ePub and Kindle
Author | : William A. Fischel |
Publisher | : |
Total Pages | : 416 |
Release | : 2015 |
Genre | : Electronic books |
ISBN | : 9781558442887 |
Download Zoning Rules! Book in PDF, ePub and Kindle
"Zoning has for a century enabled cities to chart their own course. It is a useful and popular institution, enabling homeowners to protect their main investment and provide safe neighborhoods. As home values have soared in recent years, however, this protection has accelerated to the degree that new housing development has become unreasonably difficult and costly. The widespread Not In My Backyard (NIMBY) syndrome is driven by voters’ excessive concern about their home values and creates barriers to growth that reach beyond individual communities. The barriers contribute to suburban sprawl, entrench income and racial segregation, retard regional immigration to the most productive cities, add to national wealth inequality, and slow the growth of the American economy. Some state, federal, and judicial interventions to control local zoning have done more harm than good. More effective approaches would moderate voters’ demand for local-land use regulation—by, for example, curtailing federal tax subsidies to owner-occupied housing"--Publisher's description.
Author | : Andrea Deghi |
Publisher | : International Monetary Fund |
Total Pages | : 15 |
Release | : 2022-08-02 |
Genre | : Business & Economics |
ISBN | : |
Download Commercial Real Estate Prices During COVID-19: What is Driving the Divergence? Book in PDF, ePub and Kindle
After dropping sharply in the early phases of the COVID-19 pandemic, commercial real estate prices are on the mend. However, the initial price decline, as well as the pace of recovery, vary widely across regions and different segments of the commercial real estate market. This note analyzes the factors that explain this divergence using city-level data from major advanced and emerging market economies. The findings show that pandemic-specific factors such as the stringency of containment measures and the spread of the virus are strongly associated with a decline in prices, while fiscal support and easy financial conditions maintained by central banks have helped to cushion the shock. A higher vaccination rate has aided the recovery of the sector, especially in the retail segment. Structural changes in private behavior such as the trend toward teleworking and e-commerce have also had an impact on commercial property prices in some segments. The outlook of the sector across regions thus remains closely tied to the trajectory of the pandemic and broader macroeconomic recovery, financial market conditions, and the pace of structural shifts in the demand for specific property types. In an environment of tightening financial conditions and a slowdown in economic activity, continued vigilance is warranted on the part of financial supervisors to minimize financial stability risks stemming from potential adverse shocks to the sector.
Author | : Tim S. Ledwick |
Publisher | : |
Total Pages | : |
Release | : 1990 |
Genre | : Real estate investment |
ISBN | : |
Download The Impact of Tax Law Changes on Returns from Commercial Real Estate Investments Book in PDF, ePub and Kindle