Abstract
This chapter covers how homeowners and marginal borrower’s irrational decision making using the expedient or revisionist pathway affected the housing market and what pathway they should have used to make more rational decisions in the real estate market. Real estate transactions examined in this chapter include the home equity loan, cash-out refinancing, and loan modifications.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Amisano, Chris and Demand Media. 2016. Differences between Home Equity Loans and Refinancing.
Jurow, Keith. 2010. Special Report: Is Massive Refinancing During Bubble Years a Ticking Bomb? http://www.worldpropertyjournal.com/us-markets/residential-real-estate-1/real-estate-news-mortage-refiancing-real-estate-bubble-fdic-financial-crisis-inquiry-commission-president-obama-home-equity-lines-of-credit-heloc-2633.php.
Justin, Pritchard. 2016. Home Equity Loans: The Basics of Home Equity Loans. About.com Banking/Loans. http://banking.about.com/od/loans/a/homeequity/loans.htm.
Mian, and Sufi. 2014. House of Debt. Illinois: University of Chicago Press.
Rodgers, Waymond. 2006. Process Thinking: Six Pathways to Successful Decision Making. New York: iUniverse Inc.
Schiff, Peter D., and John Downes. 2009. Crash Proof 2.0: How to Profit from the Economic Collapse, 2009. New Jersey: John Riley & Sons, Inc., Hoboken.
Sowell, Thomas. 2010. The Housing Boom and Bust. New York: Basic Books.
Stiglitz, J. E. 2010. Freefall: America, Free Markets, and the Sinking of the World Economy. New York: W.W. Norton.
Weintraub, Elizabeth. 2016. How Soon Can We Buy a Home after a Short Sale or Foreclosure? http://homebuying.about.com/od/foreclosures/f/071008_BuyAgain.htm.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2017 The Author(s)
About this chapter
Cite this chapter
Rodgers, W., McFarlin, T.G. (2017). Irrational and Rational Homeowner Considerations. In: Decision Making for Personal Investment. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-47849-4_7
Download citation
DOI: https://doi.org/10.1007/978-3-319-47849-4_7
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-319-47848-7
Online ISBN: 978-3-319-47849-4
eBook Packages: Economics and FinanceEconomics and Finance (R0)