Knowledge of basic economic concepts as a factor in home investment preferences

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ConferenceProc. CIB '84. 3rd Int. Symp. on Building Economics: 18 July 1984, Ottawa, Ont., Canada
Pages5161; # of pages: 11
Subjectprivate investments; home ownership; housing economics; consumers; retrofitting; quality housing; investment; economics
AbstractThe average Canadian's knowledge of economics is restricted to a general understanding of simple payback, how interest is calculated on a savings account and, to a lesser extent, how to calculate the cost of and monthly payments on a loan. The inability of current and prospective homeowners to determine the return on housing investments is reflected in the kinds of features they seek in housing and in their responses to programs that encourage home repairs, energy retrofitting and the purchase of energy efficient homes. This paper explores the relationship between home investment preferences and knowledge of basic economic concepts, outlines the implications at both the national and consumer levels, and suggests means of encouraging investment in ` quality' housing.
Publication date
AffiliationNRC Institute for Research in Construction; National Research Council Canada
Peer reviewedYes
NRC number23620
NPARC number20375220
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Record identifier3f7feaef-11e9-4ae7-85d9-c7e3afc5049b
Record created2012-07-23
Record modified2016-05-09
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