IMPORTANT NOTICE: The date, time, and room assignment of YOUR presentation is SUBJECT TO CHANGE.
Proposal authors can use this tool to see where they have been placed in the program agenda for an Oral or Poster Session.
Scroll down to search by the Submitter or Author Name, by Date/Time, or by Keywords.
Confirm your place in the schedule by following the instructionss that were emailed to you. Each presentation must have a separate paid registration. Contact the ACCI office immedicately by email at admin@consumerinterests.org to report any conflict, all corrections to the details of the presentation (including author names and the order they are listed as this is how it will be in the final program), or if you have any questions. Please be sure to reference the session title(s), date(s), and time(s) when you contact us.
H3c Home Price-to-Rent Ratio: A Novel Perspective on the Rent vs. Buy Housing Decision
Short Description
The goal of this study is to investigate an important but often overlooked factor in the rent vs. buy decision of a primary residence, the home price-to-rent ratio. The price-to-rent ratio varies significantly across the spectrum of home values and can create a situation where, all else being equal and following a utility maximization framework, at one price point it may be advantageous to purchase a home and at another price point it may be advantageous to rent a home. This information is specifically impactful to Millennials and military households with their more frequent move cycles. We use Zillow typical home value and average rent data to construct a price-to-rent ratio at the ZIP code-level and then link that ratio to the 2021 wave of the National Financial Capability study to test the following hypotheses: H1: Home price-to-rent ratios are positively associated with home values at the ZIP code-level. H2: For Millennials (age 25 to 40) and military families, the home price-to-rent ratio is negatively associated with the decision to own a primary residence.
Type of presentation
Accepted Oral Presentation