Tieman, A.F.

price house housing mortgage interest income mover starter mortgage interest payments market house prices tax deductibility country supply deductibility model construction effect owner-occupied housing interest rates 1 / 2 homeowner netherland income groups payment housing market mortgage interest deduction constraint capital future demand section borrowing result lending institutions tax subsidies lending owner-occupied condition policy credit rationing credit increase expectation analysis group mortgage interest rate property tax treatment stamp duty subsidy transaction costs housing ladder level f / ls f / lm germany institution series dwelling rationing change denmark price responsiveness scenario downpayment mortgage borrowing property prices table owner capital gains deduction ratio journal number treatment paper housing supply european period