Tuesday, January 01, 2008

I Am Giving My AREUEA Presidential Address this Saturday

It will be about market failures in the housing market, and about puzzles that continues to perplex me. Much of the inspiration came from George Akerloff's AEA Presidential Address, and from Jim Shilling's AREUEA speech from a few years ago, along with the fact that there is still too much we don't know about the housing market.

1 comment:

davelindahl said...

David lindahl scam reports that the most common way to buy a property with no money down is to use owner financing. This occurs when the current owner agrees to finance either all or some part of the purchase price, instead of getting the cash now.
You’ll be surprised how many people own their properties free and clear, and are willing to finance the entire amount or a good portion of the mortgage. Usually, though, you will be getting secondary financing from the owner. That means you will get the majority of the money from another source, like a bank, and the seller will give you the rest in the form of a second mortgage.