First In Trouble — and Last Out
Why are the homeowners who can most benefit from strategic default on underwater mortgages the least likely to choose it?
The Perils and Promise of Public-Private Partnerships
Lynne Sagalyn, director of the School’s Paul Milstein Center for Real Estate, lays out the benefits and challenges facing the private and public sectors when they team up to undertake large-scale development and infrastructure projects.
Not So Fast, or So Simple
Simple mortgage modification programs may encourage a high rate of strategic default for those whose homes aren’t at risk of foreclosure.
Why Do the Chinese Save So Much?
From the Archive: A skewed sex ratio is fueling a highly competitive marriage market, driving up China’s savings rate and with it the global trade imbalance.
Dynamic Pricing with Financial Milestones: Feedback-form Policies
An easy-to-implement policy allows firms to determine the effect of future financing and performance milestones on pricing decisions, even when firms face uncertain market conditions.
Liar's Loans
How misaligned incentives between brokers, banks and borrowers encouraged widespread falsification on mortgage applications.
Stopping the Foreclosure Freefall
As Washington weighs action to stabilize the housing market, a new proposal for stemming the tide of foreclosures from Professors Chris Mayer and Tomasz Piskorski of the Business School and Edward Morrison of Columbia Law School is gaining currency. The key, they argue, is to align the financial incentives of all stakeholders to modify loans that homeowners cannot afford and remove legal barriers that deter servicers from seeking loan modifications.
Paying It Safe: What We'll Spend to Keep Crime Risk at Bay
New research using Megan’s Laws data confirms that property values decline when sex offenders move into a neighborhood — and points to how much it's worth spending on policies that prevent violent crime.
Superstar Cities
As high salaries soar even higher, housing prices in the most attractive cities have tested their limits.