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Discount Point Concessions: Comment

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Abstract

This article comments on a recent article by Asabere and Hoffman. It addresses calculation and econometric measurement issues of their work and offers an explanation for their (anomalous) findings.

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References

  • Asabere, Paul K., and Forrest E. Hoffman. (1997). "Discount Point Concessions and the Value of Homes with Conventional Versus Nonconventional Mortgage Financing,'' Journal of Real Estate Finance and Economics 15(3), 261–270.

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  • Clauretie, Terrence M. (1983). "A Note on the Bias in House Price capitalization Models,'' Journal of the American Real Estate and Urban Economics Association 11(4), 521–524.

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Authors and Affiliations

  1. Department of Finance, University of Nevada, Las Vegas, Las Vegas, NV, 89154

    Terrence M. Clauretie

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  1. Terrence M. Clauretie
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Clauretie, T.M. Discount Point Concessions: Comment. The Journal of Real Estate Finance and Economics 19, 259–262 (1999). https://doi.org/10.1023/A:1007888712223

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  • DOI: https://doi.org/10.1023/A:1007888712223

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