This paper empirically and theoretically analyzes the effect of debt reductions that reduce long-term but not short-term obligations. Isolating the effect of future…
It has long been argued that promoting homeownership among low-income households is worthwhile because owned housing may be an important source of savings for these families…
William Goetzmann, Matthew Spiegel
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October 8, 2001
Homeownership increases the incentive to maintain property and neighborhood, as well as decreasing the outflow of rents from low-income zones. However these benefits are not…