Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Eine Plattform für die Wissenschaft: Bauingenieurwesen, Architektur und Urbanistik
Is private rental an option for urban housing provision in Hungary?
Abstract By 1998, 91 percent of all housing units in Hungary were occupied by owners –an extremely high percentage by international standards. Today's Hungarian housing politicians, whose anti-rental convictions stem from the experience of the previous regime, tend to disregard arguments about the consequences of this bias: the negative impact on mobility, the creation of a rigid housing market (lack of adaptability to the housing market), hardships in addressing social problems, conflicts between generations (obligations borne by elder generations) as well as the `compulsory' purchase of housing by younger generations and the drain of subsidies. There is extensive evidence that current Hungarian regulations are hostile to rental housing. With subsidies channeled to the ownership sector (housing construction benefits, interest subsidies, local subsidies, employer subsidies) as well as tax relief (purchase of privately owned housing, savings-linked subsidies, imputed rents), it is more expensive for households to rent than to buy or build housing. This leads to a distorted economic structure and a distorted use of society's resources. A housing policy based on modern economic theory pursues neutral subsidy and tax policies concerning ownership. Thus, from an economic point of view, there is no reason to prefer owner-occupied housing to rental housing. This paper explains why the private and public rental sectors are so small. But at a deeper level, the question is why private rented housing exists at all. The paper also explores related questions: who tend to rent out their units, why, for how long and how much; and who tend to rent these units, why do they rent them, and at what prices? The key policy issue is to define the basic impediments to the sector's expansion. On this basis, a new housing policy program can be formulated.
Is private rental an option for urban housing provision in Hungary?
Abstract By 1998, 91 percent of all housing units in Hungary were occupied by owners –an extremely high percentage by international standards. Today's Hungarian housing politicians, whose anti-rental convictions stem from the experience of the previous regime, tend to disregard arguments about the consequences of this bias: the negative impact on mobility, the creation of a rigid housing market (lack of adaptability to the housing market), hardships in addressing social problems, conflicts between generations (obligations borne by elder generations) as well as the `compulsory' purchase of housing by younger generations and the drain of subsidies. There is extensive evidence that current Hungarian regulations are hostile to rental housing. With subsidies channeled to the ownership sector (housing construction benefits, interest subsidies, local subsidies, employer subsidies) as well as tax relief (purchase of privately owned housing, savings-linked subsidies, imputed rents), it is more expensive for households to rent than to buy or build housing. This leads to a distorted economic structure and a distorted use of society's resources. A housing policy based on modern economic theory pursues neutral subsidy and tax policies concerning ownership. Thus, from an economic point of view, there is no reason to prefer owner-occupied housing to rental housing. This paper explains why the private and public rental sectors are so small. But at a deeper level, the question is why private rented housing exists at all. The paper also explores related questions: who tend to rent out their units, why, for how long and how much; and who tend to rent these units, why do they rent them, and at what prices? The key policy issue is to define the basic impediments to the sector's expansion. On this basis, a new housing policy program can be formulated.
Is private rental an option for urban housing provision in Hungary?
Erdösi, S´ndor (Autor:in) / Hegedüs, József (Autor:in) / Somogyi, Eszter (Autor:in)
2000
Aufsatz (Zeitschrift)
Englisch
BKL:
56.00$jBauwesen: Allgemeines
/
56.81$jWohnungsbau$XArchitektur
/
74.72
Stadtplanung, kommunale Planung
/
74.72$jStadtplanung$jkommunale Planung
/
56.00
Bauwesen: Allgemeines
/
74.60$jRaumordnung$jStädtebau: Allgemeines
/
74.60
Raumordnung, Städtebau: Allgemeines
/
56.81
Wohnungsbau
Is private rental an option for urban housing provision in Hungary?
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