Quotation Stephens, Thomas Alexander, Tyran, Jean-Robert. 2012. Why is housing such a popular investment? A new psychological explanation. VOX, 23.11.


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Abstract

Despite its meagre real returns in the long run, many people still think that investing in housing is a good idea. This column argues that a major reason for the tendency to buy houses is that it's rare to lose money. Recent research shows people's perceptions of housing transactions to be shaped by whether they gain or lose money - above and beyond the real returns.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Magazine/newspaper article
Language English
Title Why is housing such a popular investment? A new psychological explanation
Title of journal VOX
Year 2012
Date Nov. 23, 2012
URL http://www.voxeu.org/article/why-housing-such-popular-investment-new-psychological-explanation

Associations

People
Stephens, Thomas Alexander (Former researcher)
External
Tyran, Jean-Robert (Universität Wien, Austria)
Organization
Department of Economics (Sausgruber) (Details)
Research areas (ÖSTAT Classification 'Statistik Austria')
5300 Economics (Details)
5311 Public finance (Details)
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