The need for preserving affordable housing is often seen as a “crisis” only in those real estate markets with extremely limited supply of housing and rapid rates of price…
New York City is an increasingly expensive place to live, and housing prices are dramatically outpacing incomes. In fact, over the past 25 years, home prices have increased…
Shawn Cole, John Thompson, Peter Tufano
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February 1, 2008
UCC08-3: In this paper, we analyze the spending decisions of over 1.5 million Americans who vary in their degree of revealed credit constraints. Specifically, we analyze…
