Richard Green is a professor in the Sol Price School of Public Policy and the Marshall School of Business at the University of Southern California. This blog will feature commentary on the current state of housing, commercial real estate, mortgage finance, and urban development around the world. It may also at times have ruminations about graduate business education.
Saturday, March 08, 2008
Putting our Mortgage Problems in Proper Perspective
I had lunch yesterday with Elena Panaritis, who does work on housing finance in emerging countries. She was telling me that it is difficult to develop a mortgage market in Botswana, because people there don't live long enough to pay off mortgages. Life expectancy in Botswana has dropped from 65 to 40 over the past fifteen years. HIV/AIDs is the culprit.
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