House price rises and borrowing to invest
Household borrowing and spending rise with house prices, particularly for leveraged households, but household spending is not consumption. We propose a borrow-to-invest motive by which house price gains affect household spending on residential investment: rational, leveraged households have an incen...
Prif Awduron: | Crossley, TF, Levell, P, Low, H |
---|---|
Fformat: | Journal article |
Iaith: | English |
Cyhoeddwyd: |
Elsevier
2024
|
Eitemau Tebyg
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