November 5, 2008
The Wall Street Journal quoted SPPD Professor Richard Green, director of the USC Lusk Center for Real Estate, about research suggesting that homeowners tend to continue paying down their mortgages despite falling home values, provided they can afford their payments. Homeowners in California were more likely than expected to keep paying during the deep 1990s slump, Green said.
The Wall Street Journal quoted SPPD Professor Richard Green, director of the USC Lusk Center for Real Estate, about research suggesting that homeowners tend to continue paying down their mortgages despite falling home values, provided they can afford their payments. Homeowners in California were more likely than expected to keep paying during the deep 1990s slump, Green said.