Tag: negative equity
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How does negative housing equity interact with the decision to default?
Michael Seiler thinks it might be this way… see his paper below for more details. Seiler, Michael Joseph, Determinants of the Strategic Mortgage Default Cumulative Distribution Function (June 20, 2014). Available at SSRN: http://ssrn.com/abstract=2465059 orhttp://dx.doi.org/10.2139/ssrn.2465059
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Negative Equity, Household Mobility and Job Matching – what do we know?
One of the arguments that many (including yrs trly) has adduced for negative equity in residential housing being a problem is that it may well reduce mobility. Economists talk about matching – jobs exist and people exist who could fill them but can they be matched and what are the impediments to that. Negative Equity…