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Obsolescence Of The 30-Year Mortgage

Author

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  • Gulino, Salvatore

Abstract

This paper examines the relationship between the microeconomics of real-estate and the negative impact of the innate flaws of the 30 year mortgage as it relates to elevated Housing Cost To Income Ratio averages (HCTI). The average borrowers housing expense has risen to approximately 50% of an American’s average net income. As a consequence of this dilemma, it is not uncommon that homeowners find themselves financially ill-equipped to handle moderate downturns in the economy. Our research suggests that by having a thorough understanding of how these intricate components work together, allow for a more enhanced comprehension of the past, present, and future of our financial system. Furthermore, we explore how the proper management of the Nation's HCTI averages can be used to help avoid economic recessions.

Suggested Citation

  • Gulino, Salvatore, 2012. "Obsolescence Of The 30-Year Mortgage," MPRA Paper 55354, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:55354
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    File URL: https://mpra.ub.uni-muenchen.de/55354/1/MPRA_paper_55354.pdf
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    References listed on IDEAS

    as
    1. Green, Richard K., 2013. "Introduction to Mortgages and Mortgage Backed Securities," Elsevier Monographs, Elsevier, edition 1, number 9780124017436.
    2. Allen, Larry, 2013. "The Global Economic Crisis," University of Chicago Press Economics Books, University of Chicago Press, number 9781780230924, January.
    3. Aurélie Charles, 2012. "Introduction," Perspectives from Social Economics, in: Exchange Entitlement Mapping, pages 1-7, Palgrave Macmillan.
    4. Roderick Macdonald, 2012. "Genesis of the Financial Crisis," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-137-02689-7, December.
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    More about this item

    Keywords

    Economics; Financing; Microeconomics;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • G01 - Financial Economics - - General - - - Financial Crises
    • G1 - Financial Economics - - General Financial Markets
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

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