Foote, Christopher L.; Gerardi, Kristopher; Willen, Paul - 2008
Millions of Americans have negative housing equity, meaning that the outstanding balance on their mortgage exceeds … L. Foote, Kristopher Gerardi, and Paul S. Willen
Abstract:
Millions of Americans have negative housing equity, meaning that the outstanding balance on
their mortgage … factors such as sentimental attachment to homes, moving
costs, or the stigma attached to mortgage default. Third, we show that …