Alrov Institute for Real Estate Research

Given the spatial dependence across places, this paper attempts to answer the question: can the inter-jurisdictional redistribution of property tax affect housing supply? We start by testing the long-run cointegration relationship between property tax rates and housing starts for different land uses and the effect of a redistribution policy on housing starts

Home builders often rely on a combination of traditional credit and presale
agreements to fund construction. In presale, buyers make advanced payments to
builders, repaid by the delivery of a completed condo.

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