To show how homeownership subsidies influence the distribution of population across space, I exploit the 2005 repeal of a
lump-sum real estate purchase subsidy in Germany. Using administrative data on population in local labor markets and IV-estimations
in difference-in-differences and triple differences frameworks, I find that repealing subsidies to homeownership recentralizes
regions. The effect is likely driven by families with children and young residents of "building-age" who no longer become
homeowners in the periphery. These results help inform our understanding of the spatial impacts of subsidizing homeownership.
