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House Price Beliefs And Mortgage Leverage Choice

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NBER2017-12-01 更新2025-01-04 收录
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We study the relationship between homebuyers' beliefs about future house price changes and their mortgage leverage choices. From a theoretical perspective, whether more pessimistic homebuyers choose more or less leverage is ambiguous and depends on their willingness to reduce the size of their

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2017-12-01
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