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Using a rich database of non-prime mortgages from New York City, we find that census tract level neighborhood characteristics are important predictors of default behavior, even after controlling for an extensive set of controls for loan and borrower characteristics. First, default rates increase...
Persistent link: https://www.econbiz.de/10013119260
Using a rich database of non-prime mortgages from New York City, we find that census tract level neighborhood characteristics are important predictors of default behavior, even after controlling for an extensive set of controls for loan and borrower characteristics. First, default rates increase...
Persistent link: https://www.econbiz.de/10014193846
Persistent link: https://www.econbiz.de/10010414283
Since Brooklyn Heights was designated as New York City's first landmarked neighborhood in 1965, the Landmarks Preservation Commission has designated 120 historic neighborhoods in the city. This paper develops a theory of heterogeneous impacts across neighborhoods and exploits variation in the...
Persistent link: https://www.econbiz.de/10013047784
Persistent link: https://www.econbiz.de/10011636424
Since Brooklyn Heights was designated as New York City's first landmarked neighborhood in 1965, the Landmarks Preservation Commission has designated 120 historic neighborhoods in the city. This paper develops a theory of heterogeneous impacts across neighborhoods and exploits variation in the...
Persistent link: https://www.econbiz.de/10012458222
This study aims to improve our understanding of the determinants of land values in large cities. We use two methods to recover land values. First, we rely on so-called teardown sales, which occur when a buyer purchases a property intending to demolish the existing structure and rebuild. As...
Persistent link: https://www.econbiz.de/10013135578
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