Economics

Housing and Mortgage Markets

Nicky Loh - A man sits in a plastic container in the shape of a house which is suspended by a crane outside the Legislative Yuan in Taipei, during a protest against rising housing prices in Taiwan April 16, 2010. The protester demanded action from the government to curb rising property prices in Taiwan. The words on the container read, "People without homes, slaves to property, stand up!"

Opinion | Taiwan-U.S. Quarterly Analysis

The factors and implications of rising housing prices in Taiwan

July 2015, Yi-Ling Chen

Taiwanese media say that Taipei housing is so expensive that the average household would have to “neither eat nor drink” for over fifteen years in order to own a place. The cost of homeownership in Taiwan nearly doubled from 2005 to 2014, making Taiwan one of the most expensive places to own a home in the world. Yi-Ling Chen discusses how prices have reached present-day levels, examines the effects on Taiwan’s economy, society and politics, and offers policy solutions for Taiwan’s housing system.  

  • In the News

    It’s up to the city to soften the blow of runaway incomes and housing prices so the city doesn’t, in a sense, lose its identity as a progressive and diverse place — that’s part of what makes San Francisco successful.

    March 28, 2015, Alan Berube, San Francisco Chronicle
  • In the News

    Well, you know, everybody thinks, well, I'm doing everything right. The region is booming. The houses are selling. The jobs are growing. And, in fact, what happens is that if you grow in just one way, let's say tourism, and then you face a contraction in tourism, then you pay a bigger price than you would if you had more broadly grown or you'd grown at a slower rate and had a sense of ... having to hustle a bit for those jobs.

    May 30, 2013, Robert E. Lang, National Public Radio
  • Interview | NPR

    Home Prices on the Rise Across U.S.

    May 29, 2013, Robert E. Lang

  • In the News

    Renters can change the culture of a neighborhood.

    May 2, 2013, Alan Mallach, The Olympian
  • Interview | The Federal Reserve Bank of Cleveland

    American Households and the Continuing Economic Recovery

    January 24, 2013, Karen Dynan and Mark S. Sniderman

  • In the News

    Home prices haven't gone anywhere in many parts of the country. For households for whom the home was the main way in which they had saved, those households have not seen much of a recovery, and it's unclear how much of a recovery they are going to see.

    July 23, 2012, Karen Dynan, U.S. News & World Report
  • In the News

    Amid a patchy and still anemic recovery nationwide, the Mountain West’s metropolitan areas performed somewhat better than the rest of the country in the first quarter of 2012. While there is definite variation, the region continued its steady recovery in the early months of the year.

    June 27, 2012, Mark Muro, Phoenix Business Journal
  • In the News

    Anywhere we move from here in terms of supporting the housing market will be more expensive, so politically there will be pushback—which means there is a danger that we will settle in with the existing system for many years.

    April 23, 2012, Douglas J. Elliott, Reuters
  • In the News

    The uncertainty surrounding the future of the mortgage finance system has impeded the rebound of the housing market and the private housing-finance market. It’s just really hard for the players to make decisions when you don’t know what the rules are going to be in the future.

    April 18, 2012, Karen Dynan, Bloomberg
  • In the News

    I don't think people have fully appreciated how deep the hole is. The Great Recession is going to be living in our collective homes for many more years to come.

    April 8, 2012, Michael Greenstone, Reuters

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