Revisiting Cross-Tenure Differences in Home Maintenance and Conditions

Posted: 17 Dec 1996

See all articles by Dean H. Gatzlaff

Dean H. Gatzlaff

Florida State University

Richard K. Green

University of Southern California - Lusk Center for Real Estate

David C. Ling

University of Florida - Warrington College of Business Administration

Date Written: Undated

Abstract

This paper investigates the relative maintenance levels of owner and renter-occupied housing by examining their short and long-run appreciation rates. A large data set that includes information on every parcel in Pinellas County, Florida is used to control for structural and locational differences. Standard repeat-sale index estimation procedures are extended to determine whether owner-occupied houses nominally appreciate faster than renter-occupied housing. If owner-occupied housing appreciates more than renter-occupied housing, this implies that it is filtering less and is being better maintained, assuming general equilibrium conditions apply. Contrary to previous work, we find only weak evidence to support the notion that long-term rates of appreciation are substantially different between owner and renter-occupied housing.

JEL Classification: R20

Suggested Citation

Gatzlaff, Dean H. and Green, Richard K. and Ling, David Curtis, Revisiting Cross-Tenure Differences in Home Maintenance and Conditions (Undated). Available at SSRN: https://ssrn.com/abstract=9195

Dean H. Gatzlaff

Florida State University ( email )

College of Business, Center for Real Estate
821 Academic Way, Rovetta Business Bldg
Tallahassee, FL 32306-1110
United States
850-644-4071 (Phone)
850-644-4077 (Fax)

Richard K. Green

University of Southern California - Lusk Center for Real Estate ( email )

2250 Alcazar Street
Los Angeles, CA 90089
United States

David Curtis Ling (Contact Author)

University of Florida - Warrington College of Business Administration ( email )

P.O. Box 117168
Gainesville, FL 32611
United States
352-392-9307 (Phone)
352-392-0301 (Fax)

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