How are houses like bonds? With respect only to their home equity (i.e. ignoring all other assets

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How are houses like bonds? With respect only to their home equity (i.e. ignoring all other assets and investments), would homeowners tend to favor high or low interest rates?

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Modern Principles of Economics

ISBN: 978-1429278393

3rd edition

Authors: Tyler Cowen, Alex Tabarrok

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Question Posted: Nov 24, 2015 08:53 AM

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How are houses like bonds? With respect only to their home equity (i.e. ignoring all other assets

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Houses provide a flow of returns over time which we can ...View the full answer

Modern Principles of Economics

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