Daniel Scheller
Email: DanielScheller@DanielScheller.com
Institution/Organisation:
Authored/ Co-authored Research
Title: NEIGHBORHOOD GOVERNMENTS AND THEIR ROLE IN PROPERTY VALUES
Published: Scheller, DS. (2010) Neighborhood Governments and their Role in Property Values, Florida: Foundation for Community Association Research
Funders: Byron Hanke Fellowship, Foundation for Community Association Research
Author/Co-authors: Daniel Scheller
Keywords: Building management, Economics / markets, Quantitative research/statistics,
Summary:
Recent research has only examined the effects of homeowner associations (HOAs) on house prices, and fails to account for the endogenous relationship between property values and form of governance. In this paper, I use a form of instrumental variable regression to study the effects of homeowner and neighborhood associations on property values. I find that HOAs increase property values, while neighborhood associations exert no influence on property values.