Owner-Occupied Housing as a Hedge Against Rent Risk

By Todd Sinai, Nicholas S. Souleles. 2005

394 citations recorded by the source corpus.

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Booms and Busts: Consumption, House Prices and Expectations (2005, positive): “…household level, house price changes seem likely to have important effects, depending on current and planned future housing status.1 As discussed in Sinai and Souleles (2005), and Campbell and Cocco (2007), homeowners who expect to remain in their current dwelling for a very long time are…”
Real Assets and Capital Structure (2013, positive): “Building on extant research, one can conjecture that firms operating in state-years where the government disposes of real estate assets will hold less land and buildings in their balance sheets due to the lower price volatility (Sinai and Souleles (2005)) and higher availability (Ortalo-Magne and Ra”
Supply Constraints and Housing Market Dynamics (2013, positive): “…owners may be at least partially hedged, to the extent that the price of their current home covaries with the price of their desired future one (Sinai and Souleles 2005, Paciorek and Sinai 2010), but even hedged owners face problems if they end up “underwater” on their mortgages (Ferreira,…”
Housing, Finance and the Macroeconomy (2014, positive): “A related argument was made by Sinai and Souleles (2005). Han uses a variant of the life-cycle framework to determine when, given (a) life-cycle profiles for income and tastes for housing, (b) the probability of moving to a new market with a different level for house prices, and (c) the inherent vol”