Insuring Landlords

We thank Minghao Yang and Tai Nguyen for excellent research assistance, and Action Logement officials, notably Jerome Drunat and Milene Houdusse, for providing background and data on the Visale scheme. We thank Boaz Abramson, Adrien Bilal, Eric Chyn (discussant), Rebecca Diamond, Cecile Gaubert, Adam Guren, Jarkko Harju (discussant), Gabriel Kreindler, Enrico Moretti, Mathilde Muñoz, Nick Tsivanidis, Winnie Van Dijk, Stijn Van Nieuwerburgh, Danny Yagan, and Owen Zidar, as well as participants at SITE Housing, SITE Financial Regulation, UC San Diego, Columbia, UC Santa Barbara, the AEA Annual Meetings, ECHOPPE (TSE), UEA meetings, Wisconsin-Madison, Berkeley Haas, Sciences Po, O-Lab Opportunity Conference, NBER Transatlantic Public Economics, NBER SI Public, NBER SI Urban, SED Barcelona, UC Berkeley, UC Irvine, Stanford, LSE, and USC Lusk for helpful comments and feedback. This work was supported by the Fisher Center for Real Estate and Urban Economics, and access to the CASD secure data center through public grant ANR-17-EURE-001 of the French National Research Agency (ANR) as part of the “Investissements d’avenir” program. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.