TY - CONF T1 - Differences in the Demand for Housing by Owners and Investors T2 - 8th European Real Estate Society Conference Y1 - 2001 A1 - Choi, Hak AB - This paper will distinguish between owner demand for housing, and that of investors. Such differentiation in demand should be viewed as an integral part of the decision to buy. A durable goods approach to homeowner demand for housing is developed, and then the traditional investment consideration is modified. An estimation using the durable goods approach reveals that demand for housing by owners is positively affected by rent, real income, and general price level; and negatively affected by the housing price and interest rate. The modified investment equation produces better estimation with correct parameters. Property price is positively related to owner demand for housing units, and negatively related to tenant demand. JA - 8th European Real Estate Society Conference T3 - ERES: Conference CY - Alicante, Spain U3 - RePEc:arz:wpaper:eres2001_131 J1 - Conference 2001 ID - oai:eres.id:eres2001_131 M3 - 10.15396/eres2001_131 ER -