Subject category:
Economics, Politics and Business Environment
Published by:
Cranfield School of Management
Length: 10 pages
Data source: Generalised experience
Share a link:
https://casecent.re/p/23260
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Abstract
A number of recent studies have attempted to estimate the number of people who are in a negative equity debt trap. The main studies have been carried out by the Council of Mortgage Lenders, the Bank of England and UBS Phillips & Drew. In this case the authors bring together the findings of these studies and highlight the key issues underlying them. They also discuss prospects for the housing market over the next few years with particular emphasis on the extent to which negative equity will diminish and hence the extent to which the financial disincentives posed by negative equity will be removed, thus helping those concerned to trade again within the marketplace.
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Abstract
A number of recent studies have attempted to estimate the number of people who are in a negative equity debt trap. The main studies have been carried out by the Council of Mortgage Lenders, the Bank of England and UBS Phillips & Drew. In this case the authors bring together the findings of these studies and highlight the key issues underlying them. They also discuss prospects for the housing market over the next few years with particular emphasis on the extent to which negative equity will diminish and hence the extent to which the financial disincentives posed by negative equity will be removed, thus helping those concerned to trade again within the marketplace.