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…
W09-2: Real estate owned (REO) housing resulting from the recent foreclosure crisis threatens to destabilize low- and moderate-income neighborhoods across the country.…
RR07-14: This paper seeks to examine the nature of that resistance, the reasons behind it, and how it can be overcome. In general, people who support multifamily rental…