Boston Bubble - Boston Real Estate Analysis
Advertise on Boston Bubble
Buyer brokers and motivated
sellers, reach potential buyers.
YOUR AD HERE
DISCLAIMER: The information provided on this website and in the
associated forums comes with ABSOLUTELY NO WARRANTY, expressed
or implied. You assume all risk for your own use of the information
provided as the accuracy of the information is in no way guaranteed.
As always, cross check information that you would deem useful against
multiple, reliable, independent resources. The opinions expressed
belong to the individual authors and not necessarily to other parties.
Joined: 11 Dec 2007
Location: Cambridge, MA
|Posted: Thu Sep 07, 2017 11:09 pm GMT Post subject: House Bubble 1.0 vs Now; It’s NEVER ‘Different This Time
Recent research—particularly that by Antoinette Schoar, a finance professor at MIT Sloan—has been helping rewrite the received wisdom of the “subprime crisis” that has blamed the crisis on poor, reckless borrowers for the better part of a decade. Schoar’s work reveals that borrowing and defaults had risen proportionally across income levels and credit score, but that those with sounder credit ratings drove the rise in delinquencies. This new paper’s investigation into the habits of middle- and upper-income real estate speculators in the run-up to the crisis marks yet another chapter of the history books in desperate need of revision.
The Real Estate Cafe
Serving a menu of money-saving services since 1995
97a Garden St.
Cambridge, MA 02138
You can post new topics in this forum
You can reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
Forum posts are owned by the original posters.
Forum boards are Copyright 2005 - present, bostonbubble.com.
Powered by phpBB © 2001, 2005 phpBB Group