Effects of Flat Taxes and Other Proposals on Housing: An Overview
Description:
Studies have estimated that some of these revisions would cause a decline in demand for houses and significant reduction in house prices--perhaps in excess of 15 percent. These studies, however, presumed a fixed supply of housing; even a limited supply response would greatly decrease predicted asset price effects. Supply response is likely to be large in the long run and not insignificant in the short run. Effects on housing demand might also be mitigated by increases in savings rates and lower…
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Date:
June 17, 1996
Creator:
Gravelle, Jane G.
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department