I examine how COVID 19 shock affected first-time homebuyers across markets with differing local land-use regulation. With a difference-in-differences empirical design, I find that rents rose faster than ownership costs in high-regulated markets from …
This paper examines whether macroprudential policies (lower LTV ratio) influence future expectations in the housing market during Korea’s housing boom of the 2010s. From the unique Korean lease system known as Jeonse, I construct a more accurate …