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Using high-frequency administrative data covering millions of US homeowners, I document three novel facts about homeowner responses to property tax increases driven by rising home values. First, non-migrating homeowners cut consumption, exhibit financial distress, and do not borrow against their...
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, the unfolding sub-prime mortgage crisis highlights the risks and potential turbulence that this sector can introduce into … -- Macroeconomic Factors -- Financial Liberalization -- Technological Change -- Concerns and Opportunities -- The Effect of Mortgage … Finance on Savings -- The Effect of Mortgage Finance on Investment -- Mortgage Finance and Growth -- Housing Finance, Business …
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