Real Estate: Investment and Financial Strategy by P. Chinloy (English) Hardcover

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Price : 341.57

Item specifics

Condition:

Brand New: A new, unread, unused book in perfect condition with no missing or damaged pages. See the seller’s
Publication Year: 2011
Format: Paperback Language: English
ISBN-13:

9789401077002

UPC:

Does not apply

ISBN:

9789401077002

EAN:

9789401077002

Real Estate: Investment and Financial Strategy by P. Chinloy (English) Hardcover

Product Details

Synopsis
This book has evolved from an interest in formalizing theories of real es tate financing and investment. While real estate has characteristics of illi quidity and heterogeneity, recent developments have created markets for financial claims on property assets. These financial claims render real es tate similar to other assets. These financial claims render real estate similar to other assets. Yet real estate markets retain degrees of ineffi ciency, suggesting possibilities for arbitrage opportunities. Such possi bilities are examined in the book. If sellers are prohibited by statute from transferring existing financing to buyers, they tend to hold properties longer when contract interest rates on loans exceed those prevailing in the market. Methods are required to account for and measure the quantity of mortgage equity arising from such favorable financing. Holders of mortgage backed securities face risks on both sides of interest rate movements. Should interest rates fall, debtors refinance. If interest rates rise, debtors do not refinance, and the holders of mortgage backed securities suffer capital losses. Hedging strategies are re quired. Mortgage warrants and option pricing mechanisms are discussed, and various equity unlocking mechanisms, such as collateralized mort gage obligations.”

Product Identifiers
ISBN-10 9401077002
ISBN-13 9789401077002

Key Details
Author P. Chinloy
Number Of Pages 316 pages
Series Current Issues in Real Estate Finance and Economics
Format Paperback
Publication Date 2011-10-05
Language English
Publisher Springer
Publication Year 2011

Additional Details
Series Volume Number 1
Number of Volumes 1 vol.
Copyright Date 1988
Illustrated Yes

Dimensions
Weight 17.2 Oz
Width 6 In.
Length 9 In.

Target Audience
Group Scholarly & Professional

Classification Method
LC Classification Number HG1-HG9999

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Price : 341.57

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