tag:blogger.com,1999:blog-33399132.post8699431805791791657..comments2024-03-04T08:09:21.453-08:00Comments on Richard's Real Estate and Urban Economics Blog: One of Mark Thoma's Best PostsRichard Greenhttp://www.blogger.com/profile/02161226214739034402noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-33399132.post-14925611587045085562009-10-06T11:39:48.133-07:002009-10-06T11:39:48.133-07:00Link in your post is useful. I like "Capital ...Link in your post is useful. I like "Capital market theory" and the hypothesis of the same is explained very well. In addition, references in the article are great source of knowledge.Highest CD Rateshttp://www.highestcdratesinfo.com/noreply@blogger.comtag:blogger.com,1999:blog-33399132.post-67837145009744156202009-10-06T06:52:16.438-07:002009-10-06T06:52:16.438-07:00From the borrower point of view, its not hard to u...From the borrower point of view, its not hard to understand the indifference to price. Non recourse mortgages are risk free, so the borrower pays no attention to price. If the price goes up later, they can flip the property for a profit. If the price goes down later, they can just mail back the keys. The free market cannot work to produce efficiency if customers don't actually pay for the product. Price signals become meaningless.<br /><br />No other advanced country on earth uses no money down, negative amortization, non recourse loans. They are a recipe for a credit crises.Anonymousnoreply@blogger.com