Self-reported and Market Home Values in Housing Wealth Inequality Measurement: Evidence from Warsaw and Prague

Q2 Social Sciences Critical Housing Analysis Pub Date : 2022-01-01 DOI:10.13060/23362839.2022.9.1.538

M. Tomal

引用次数: 2

Abstract

This paper aims to examine whether self-reported home valuations can be a substitute for objective market data in studies on the level of housing wealth inequality. In order to achieve this aim, information on subjective values of flats and their features in Warsaw (Poland) and Prague (Czechia) was used. Next, hedonic models were estimated to calculate the objective values of these residential properties. The results indicated that, on average, homeowners overestimated their real estate by 2.10% in Warsaw and underestimated by 5.49% in Prague. Finally, using tests for the equality of variances, it was examined whether the level of housing wealth inequality differed significantly when calculated using subjective and objective home values. The findings showed that self-reported home values cannot serve as a perfect proxy for market values when assessing the level of housing wealth inequality in both cities.

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住房财富不平等测量中的自我报告和市场住房价值:来自华沙和布拉格的证据

本文旨在检验在住房财富不平等水平的研究中，自我报告的房屋估值是否可以替代客观市场数据。为了实现这一目标，使用了关于华沙(波兰)和布拉格(捷克)公寓的主观价值及其特征的资料。然后，对享乐模型进行估计，以计算这些住宅物业的客观价值。结果表明，华沙的房主平均高估了2.10%，而布拉格的房主平均低估了5.49%。最后，使用方差相等的检验，检验了当使用主观和客观房屋价值计算时，住房财富不平等的水平是否显着不同。研究结果表明，在评估这两个城市的住房财富不平等水平时，自我报告的房屋价值不能作为市场价值的完美代表。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Critical Housing Analysis Social Sciences-Sociology and Political Science

CiteScore

2.70

自引率

0.00%

发文量

期刊介绍： Critical Housing Analysis is a peer-reviewed academic journal focusing on critical and innovative housing research. The journal was launched in January 2014 and publishes two online issues annually. Critical Housing Analysis is published by the Institute of Sociology of the Czech Academy of Sciences. Critical Housing Analysis aims to provide on-line discussion space for researchers who come up with innovative, critical and challenging ideas and approaches in housing-related research. The unique function of this journal is to facilitate rapid feedback on critical and innovative ideas and methods developed by housing researchers around the world. We are especially keen to publish papers that provide: 1.Innovations in methods, theories and practices used in housing-related research. We especially welcome papers applying original research strategies (such as, mixed and interdisciplinary methods) and international comparisons with a strong sense for contextual and institutional differences. Papers should provide new and fresh research perspectives allowing a deeper understanding of housing markets, policies and systems. Innovations need to be justified but they could be “work in progress”, i.e. their findings may not yet have been fully verified. 2.Critiques of assumptions, methods and theories used in housing-related research. Such critical evaluations must be well-founded (empirically or by consistently logical argument) and convincing. However, there is no particular need to provide a solution to the problems that have been identified. 3.Critiques of applied housing practices and policies in particular cultural and institutional contexts, especially for those countries that are less represented in mainstream housing policy discourse. The critical assessment of policies must be analytical, should propose new perspectives and lead to wider policy implications.