房地产贷款拖欠,房地产价格和替代收入的机会

Billie Ann Brotman
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摘要

根据1987-2004年美国房地产违约数据显示,抵押贷款的高违约率与前期房价、租金收入、经通胀调整后的家庭收入中位数和利率波动有关。本文研究了房地产违约率是可选择收入机会的函数这一命题。版权所有©2007 John Wiley &儿子,有限公司
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Real estate loan delinquency, property prices and alternative income opportunities

Evidence is shown, using US real estate default data from 1987–2004, that high default rates on mortgages are associated with prior period housing prices, rental income, inflation-adjusted household median income and interest rate fluctuations. This paper investigates the proposition: that the percentage of real estate defaults is a function of alternative income opportunities. Copyright © 2007 John Wiley & Sons, Ltd.

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