000 01239cab a2200217 4500
001 ##L135133
008 060926n2006 000 0 eng u
035 _a(Sirsi) u135133
041 0 _aeng
100 1 _aTurnbull, Geoffrey K.
245 0 0 _aBig house, little house
_brelative size and value
260 _c2006
490 0 _aReal Estate Economics
_v34(3) 2006, 439-456(18)
520 _aExamines the issue of which the market values more highly: the largest house in a neighbourhood of small houses or the smallest house in a neighbourhood of large houses. Using house sales data from one local government area, this problem is looked at in terms three hypotheses: atypicality, the conspicuous consumption effect and the tax capitalization effect. Concludes that of these theories, the estimates are consistent with the fiscal capitalization theory, which leads to lower prices for larger houses and higher prices for smaller houses in the neighbourhood, and/or longer and shorter marketing times respectively.
590 _aIKA031006
651 4 _aUNITED STATES
690 _aPROPERTY-RESIDENTIAL PROPERTY-RESIDENTIAL PROPERTY APPRAISAL AND VALUATION
700 1 _aDombrow, Jonathan
700 1 _aSirmans, C. F.
942 _n0
999 _c77798
_d77798