๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Recovery of Real Estate Returns for Portfolio Allocation

โœ Scribed by John B. Corgel; Jan A. deRoos


Book ID
110253843
Publisher
Springer US
Year
1999
Tongue
English
Weight
149 KB
Volume
18
Category
Article
ISSN
0895-5638

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A principal-agent model is employed to characterize the equilibrium mortgage contract. The value of a house depends on the actions of its owner but affects the wealth of both the owner and the lender who writes the mortgage contract with which the house is purchased. Because of this, the buyer is ex