Please use this identifier to cite or link to this item:
https://repositorio.ipea.gov.br/handle/11058/10148
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Furtado, Bernardo Alves | - |
dc.contributor.author | Souza, João Gabriel de Moraes | - |
dc.coverage.spatial | Brasil | pt_BR |
dc.date.accessioned | 2020-07-28T21:56:24Z | - |
dc.date.available | 2020-07-28T21:56:24Z | - |
dc.date.issued | 2020-03 | - |
dc.identifier.uri | http://repositorio.ipea.gov.br/handle/11058/10148 | - |
dc.description.abstract | Real estate markets are subject to dynamic, ever-changing influences from location, amenities and neighborhoods; regulation, zoning and population changes; but also – macroeconomic variables, such as interest rates, inflation and economic cycles. The decision to buy or rent a durable, financially significant asset is a difficult one for both experts and amateurs alike. This paper provides a review of classic urban economic fundamentals and a more recent financial and macroeconomic analysis of the literature. There is consensus that a complex, long-term number of factors apply to the market and no single model can encompass all uncertainties revolving around the decision-making. Aiming at offering a practical tool, we propose a numerical simulation that takes the parameter space of renting versus purchasing homes to probabilistic estimate which choice would be more advantageous, more often. We analyze four concrete cases using Brazilian market sensible parameters. The simulation suggests that the amortization scheme known as SAC for the mortgage system is a better choice in nearly two-thirds of the cases. Renting is preferential on very low relative prices, very high real return or inflation. This pathway – from existing model and literature to areasonable space of advantageous choice – leads to the suggestion that contracts in Brazil should acknowledge this level of uncertainty by including explicit mortgage renegotiations within shorter periods. | pt_BR |
dc.language.iso | en-US | pt_BR |
dc.publisher | Instituto de Pesquisa Econômica Aplicada (Ipea) | pt_BR |
dc.title | Tenure choice : fundamentals and a simulation | pt_BR |
dc.title.alternative | Discussion Paper 248 : Tenure choice : fundamentals and a simulation | pt_BR |
dc.title.alternative | Escolha de posse : fundamentos e uma simulação | pt_BR |
dc.type | Discussion Paper | pt_BR |
dc.rights.holder | Instituto de Pesquisa Econômica Aplicada (Ipea) | pt_BR |
dc.source.urlsource | http://www.ipea.gov.br | pt_BR |
dc.location.country | BR | pt_BR |
dc.description.physical | 33 p. : il. | pt_BR |
dc.subject.vcipea | IPEA::Condições Econômicas. Pesquisa Econômica. Sistemas Econômicos::Sistemas Econômicos::Propriedades::Bens Imóveis | pt_BR |
dc.subject.vcipea | IPEA::Demografia. População::Habitação. áreas Rurais. áreas Urbanas::Habitação. Assentamentos Humanos::Financiamento Habitacional | pt_BR |
dc.rights.license | Reproduction of this text and the data it contains is allowed as long as the source is cited. Reproductions for commercial purposes are prohibited. | pt_BR |
dc.subject.keyword | Imobiliária | pt_BR |
dc.subject.keyword | Mercado de imóveis | pt_BR |
dc.subject.keyword | Financiamento imobiliário | pt_BR |
dc.subject.keyword | Tomador de decisão | pt_BR |
dc.subject.keyword | Incertezas. | pt_BR |
ipea.description.objective | Criar uma ferramenta prática e propor uma simulação numérica que tenha como parâmetro "o alugar ou comprar uma casa", para que seja estimada a escolha mais vantajosa. | pt_BR |
ipea.description.methodology | The numerical simulation (Simulação numérica). | pt_BR |
ipea.description.additionalinformation | Série monográfica: Discussion Paper ; 248 | pt_BR |
ipea.description.additionalinformation | Possui referências bibliográficas; | pt_BR |
ipea.description.additionalinformation | Possui apêndice; | pt_BR |
ipea.access.type | Acesso Aberto | pt_BR |
ipea.rights.type | Licença Comum | pt_BR |
ipea.researchfields | N/A | pt_BR |
ipea.classification | Habitação | pt_BR |
ipea.classification | Sistema Monetário. Finanças. Bancos | pt_BR |
Appears in Collections: | Habitação: Livros Sistema Monetário. Finanças. Bancos: Livros |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
dp_248.pdf | 2.37 MB | Adobe PDF | View/Open | |
dp_248_sumex.pdf | 528.14 kB | Adobe PDF | View/Open |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.