Utilizad este identificador para citar o enlazar este documento: http://hdl.handle.net/2072/214327

Prime Property Institutions for a Subprime Era: Exploring Innovative Models of Residential Development and Finance
Arruñada, Benito; Lehavi, Amnon
Universitat Pompeu Fabra. Departament d'Economia i Empresa
This paper breaks new ground toward contractual and institutional innovation in models of homeownership, equity building, and mortgage enforcement. Inspired by recent developments in the affordable housing sector and in other types of public financing schemes, this paper suggests extending institutional and financial strategies such as timeand place-based division of property rights, conditional subsidies, and credit mediation to alleviate the systemic risks of mortgage foreclosure. Alongside a for-profit shared equity scheme that would be led by local governments, we also outline a private market shared equity model, one of bootstrapping home buying with purchase options.
10-07-2013
property, homeownership, mortgage, finance, local government, subsidy, tax.
Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/)
Documento de trabajo
         

Mostrar el registro completo del ítem