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This paper is studying how the Hong Kong society create the risk of negative equity through constructing the desire of … home ownership, and how the risk shift from society to home owners …
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This paper studies a household's optimal demand for a reverse mortgage. These contracts allow homeowners to tap their … home equity to finance consumption needs. In stylized frameworks, we show that the decision to enter a reverse mortgage is … reduces the risky portfolio share and is more likely to enter a reverse mortgage. On the other hand, if there is a large drop …
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