Review:
-- Robert J. Shiller, Stanley B. Resor Professor of Economics, Yale University
-- Ed Glaeser, Paul Sack Associate Professor of Political Economy, Harvard University
" "Housing Partnerships" is a serious discussion of financial reform in housing by some of economics' most distinguished scholars, and a significant contribution to the policy reforms suggested for housing market problems." -- Ed Glaeser, Paul Sack Associate Professor of Political Economy, Harvard University
" I am very enthusiastic about this book. It makes an extremely important proposal that ought to become a part of our mortgage lending institutions, and be offered to millions of homeowners. The book not only outlines the idea, it is also very thorough in presenting the concrete problems, and creative in suggesting contractual forms that will deal with them. This book could change the world." -- Robert J. Shiller, Stanley B. Resor Professor of Economics, Yale University
& quot; Housing Partnerships is a serious discussion of financial reform in housing by some of economics' most distinguished scholars, and a significant contribution to the policy reforms suggested for housing market problems.& quot; -- Ed Glaeser, Paul Sack Associate Professor of Political Economy, Harvard University
& quot; I am very enthusiastic about this book. It makes an extremely important proposal that ought to become a part of our mortgage lending institutions, and be offered to millions of homeowners. The book not only outlines the idea, it is also very thorough in presenting the concrete problems, and creative in suggesting contractual forms that will deal with them. This book could change the world.& quot; -- Robert J. Shiller, Stanley B. Resor Professor of Economics, Yale University
"
"I am very enthusiastic about this book. It makes an extremely important proposal that ought to become a part of our mortgage lending institutions, and be offered to millions of homeowners. The book not only outlines the idea, it is also very thorough in presenting the concrete problems, and creative in suggesting contractual forms that will deal with them. This book could change the world."--Robert J. Shiller, Stanley B. Resor Professor of Economics, Yale University
""Housing Partnerships" is a serious discussion of financial reform in housing by some of economics' most distinguished scholars, and a significant contribution to the policy reforms suggested for housing market problems."--Ed Glaeser, Paul Sack Associate Professor of Political Economy, Harvard University
Synopsis:
Proposes the development of new markets, called "Partnership Markets", that would allow households to use equity finance to buy homes. The text explains the economic theory of the current housing finance market and considers the wider ramifications of such a proposal.
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