Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Owner‐occupied housing and household asset allocation A review of the issues

Owner‐occupied housing and household asset allocation A review of the issues This second of two related papers in this Journal, reviews empirical evidence available from the literature on the problem of household's optimal portfolio when owner‐occupied housing is included in the list of available assets, namely the risk‐return performance of residential investment, and its usefulness in efficient mixed‐asset portfolios. The risk‐return characteristics of the housing asset is highly dependent on the type of perspective under analysis (household or institutional investor's perspective) and therefore, the two housing investment approaches could lead to different conclusions about the role of housing investment in an portfolio context. The consumption demand for housing together with the markets imperfections place serious constraint on the household's portfolio problem. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Property Management Emerald Publishing

Owner‐occupied housing and household asset allocation A review of the issues

Property Management , Volume 22 (4): 9 – Sep 1, 2004

Loading next page...
 
/lp/emerald-publishing/owner-occupied-housing-and-household-asset-allocation-a-review-of-the-aZom0Agv0M
Publisher
Emerald Publishing
Copyright
Copyright © 2004 Emerald Group Publishing Limited. All rights reserved.
ISSN
0263-7472
DOI
10.1108/02637470410558134
Publisher site
See Article on Publisher Site

Abstract

This second of two related papers in this Journal, reviews empirical evidence available from the literature on the problem of household's optimal portfolio when owner‐occupied housing is included in the list of available assets, namely the risk‐return performance of residential investment, and its usefulness in efficient mixed‐asset portfolios. The risk‐return characteristics of the housing asset is highly dependent on the type of perspective under analysis (household or institutional investor's perspective) and therefore, the two housing investment approaches could lead to different conclusions about the role of housing investment in an portfolio context. The consumption demand for housing together with the markets imperfections place serious constraint on the household's portfolio problem.

Journal

Property ManagementEmerald Publishing

Published: Sep 1, 2004

Keywords: Assets management; Housing; Return on investment

References