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Please note that all times are shown in the time zone of the conference. The current conference time is: 13th Aug 2022, 10:42:46am IST
Session Chair: Nils Kok, Nils Kok BV, Netherlands, The
Room in the Arts Building, Trinity College Dublin.
Exact details to be confirmed by May 31
The Effect of Unemployment Insurance on Rental Housing Evictions
University of Maine, United States of America;
US landlords file over 2 million evictions per year. The majority of these filings are due to nonpayment of rent, which can result from job instability or loss. This paper explores the potential of unemployment insurance (UI) to serve as an eviction prevention program by mitigating the effect of involuntary unemployment on eviction. I find that higher UI benefits reduced eviction filing rates during and after the Great Recession. However, the overall association between UI benefits and eviction filings is positive, suggesting that a clear understanding of the eviction process is necessary for creating effective eviction prevention policies.
Foreign Buyer Taxes And Housing Affordability
Somerville, Tsur1; Pavlov, Andrey2
1Sauder School of Business, UBC, Canada; 2Beedie School of Business, SFU, Canada;
In an effort to improve housing affordability many jurisdictions around the world
have introduced substantial taxes and other restrictions on non-resident home buyers. We use the foreign buyer tax introduced in British Columbia, Canada, to investigate the extent to which such taxes and restrictions improve housing affordability for the local population. Our work is based on a direct transaction-level identification of foreign buyers. This identification was instituted through legislation before the announcement or the introduction of the tax and remains in place to this day. We document that the tax had substantial impact on home prices in the geographic areas and market segments favoured by foreign buyers. We further establish that the tax had no effect on areas and market segments with little presence of foreign buyers.
Investment incentives of rent controls and gentrification - Evidence from German micro data
Rising housing costs fuel current debates concerning political interventions that foster the provision of affordable living space. We examine the effects of the rent brake, a form of rental control introduced in Germany in 2015, on housing returns and on the affordability of living space. We derive housing returns by matching micro-level quotes on similar objects offered for rent and for sale and approximate the affordability of living space by regional rent-to-income ratios. To identify the effect of the rent brake, we estimate multiple period difference-in-differences models exploiting the temporal, regional, and object-specific variation of the rent brake introduction. Our results suggest that the main goal of the political intervention to secure affordable living space in tense housing markets cannot be attained due to construction incentives in newbuilds and fostered gentrification.