homeowner only once the loan is repaid. By effectively reducing the LTV of the mortgage, it increases the homeowner's incentives …

commuting, and about how much to spend on a mortgage. By matching the results to data (at the ZIP-code level) about relative … attitudes of individual consumers. They find that younger respondents are relatively less confident about homeownership after … commuting, and they find that people who live in the high-decline areas believe it is appropriate to spend more on a mortgage. …

Using individual-level data on homeowner debt and defaults from 1997 to 2008, we show that borrowing against the ….S. household leverage from 2002 to 2006 and the increase in defaults from 2006 to 2008. Employing land topology-based housing … default rates from 2006 to 2008. Our estimates suggest that home equity-based borrowing is equal to 2.8% of GDP every year …

Using individual-level data on homeowner debt and defaults from 1997 to 2008, we show that borrowing against the … leverage from 2002 to 2006 and the increase in defaults from 2006 to 2008. Employing land topology-based housing supply … 2008. Our conservative estimates suggest that home equity-based borrowing added $1.25 trillion in household debt, and …