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How to Reduce Home-Ownership Risk

The Wall Street Journal, Sep 3, 2018, by Benjamin Harris.

Benjamin Harris (@econ_harris) is a visiting associate professor at the Kellogg School of Management and was the chief economist to Vice President Joe Biden. [….]

Famous housing economist Robert Shiller lamented in a 2014 paper that “nothing fundamental has changed” in housing finance since the 1930s. Indeed, for the best part of a century Americans have mostly turned to long-duration, fixed-rate mortgages to buy their homes. [….]

That could all change with shared-appreciation agreements, which are starting to appear in the market. [….]

 

Read the full article here