Don't Bet the House
Frank S. Alexander
Partners Community and Economic Development (Federal Reserve Bank of Atlanta), Vol. 17, No. 2
Traditional wisdom on financial security has included safeguards against risk associated with one’s home. With the collapse of the real estate market, this wisdom has proven both its truth and the painful effects of ignoring it. This brief article summarizes the practical applications of conservative home ownership financing, one of the keys to long term financial stability.
Number of Pages in PDF File: 2
Keywords: Real Estate, Finance collapse, Foreclosure, financial stability
Date posted: November 7, 2011