Risk in the global real estate market : international risk regulation, mechanism design, foreclosures, title systems, and REITs / Michael C.I. Nwogugu
Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: Wiley financePublisher: Hoboken N.J : John Wiley & Sons, c2011Edition: Online-AusgDescription: Online-Ressource (1 online resource (xxii, 433 p.))ISBN:- 111801135X
- 9781280590313
- 1280590319
- 9781118177730
- 9781118011355
- 332.63244
- 332.63/244 23
- BUS036000
- HD1375
- HD1375 .N96 2011
Contents:
Summary: Essential reading for professional investors, risk managers, regulators, central bankers, and real estate professionals, Risk in the Global RealEstate Market: International Risk Regulation,Mechanism Design, Foreclosures, Title Systems, andREITs takes an international look at the ways in which U.S.-style constitutional laws, financial laws, and real estate laws in various countries affect global economics and risk; and analyzes specific constraints that deter market development such as Asset Liability Matching, inappropriate financial products, land title systems, inefficient constitutions andPPN: PPN: 807356263Package identifier: Produktsigel: ZDB-26-MYL | ZDB-30-PAD | ZDB-30-PQE
Risk in the Global Real Estate Market; Contents; Preface; CHAPTER 1 Regulation and Constitutional Torts; Federalism, Preemption, and Risk; The Restoring American Financial Stability Act of 2010 (RAFSA); The Existing "Tests" for Unconstitutionality; Quasi Constitutions; Social Capital; References; CHAPTER 2 A Critique of Mechanism Design; Conclusion; Reference; CHAPTER 3 General Public Health and Social Psychology Issues in Global Housing Markets and Mortgage Markets; Survey of Public Health Problems Caused by Traditional Mortgages and Foreclosures; Conclusion; References
CHAPTER 4 Public Health Issues: Psychological Factors Inherent in Housing Demand, Mortgage Demand, and House PricesProposition 1: Credit Bias; Proposition 2: The S&L Crisis Effect; Proposition 3: Tenure Bias; Proposition 4: Low Willingness to Accept Losses (WTAL); Proposition 5: Investment Horizon Effect; Proposition 6: The Deferred-Disutility/Deferred Pain Bias; Proposition 7: The Lender-Experience Effect; Proposition 8: The Government Intervention Effect; Proposition 9: The Multiple-Listing-Service (MLS) Effect; Proposition 10: Psychological Limitations on Supply of Housing Units
Validity of Housing Demand ModelsConclusion; References; CHAPTER 5 Behavioral Biases in Property Taxation and Property Appraisal; Biases in Property Taxation; Psychological Effects and Biases Inherent in Property Appraisal; Conclusion; References; CHAPTER 6 Foreclosure Statutes and Processes; Foreclosures Reduce the Efficiency of Monetary Policies and Fiscal Policies; Some Adverse Contagion Effects of Foreclosures; The Statutory Ban of Waiver of Judicial Foreclosure in Conveyancing Documents and the Omission of Nonjudicial Foreclosure from States' Laws Are Unconstitutional
The Borrower's Post-Foreclosure Right of Redemption Is UnconstitutionalThe Unconstitutionality of Preemptive Foreclosure Rules; Enforcement of Core Foreclosure Processes and the Failure to Enact Uniform Federal Foreclosure and Mortgage Statutes Constitute Violations of the U.S. Constitution; Alternative Foreclosure Systems; New Theories of Takings; Conclusion; References; CHAPTER 7 Unconstitutionality of U.S. Bankruptcy Code, Preemption of State-Law Mortgage Foreclosure Statutes, and Related Economic Effects; Existing Literature; Survey of Macroeconomic Effects of Bankruptcy Codes
The Financial Accelerator Theory Is InaccurateCriteria for Preemption: Equitable Subordination, Fraudulent Transfers (the "Reasonably Equivalent Value" Doctrine), the Deprizio Controversy, and the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005; The U.S. Supreme Court's Standards for Preemption Cases; New Standards for Preemption Cases; Constitutional Law Issues; Due Process Rights; The Separation-of-Powers Doctrine; A New Theory of Takings; Conclusion; Note; References; CHAPTER 8 Mortgages and Deeds of Trust
Improper Coupling/Combinations of Mortgage Markets, Rental Markets, Savings/Investment Markets, and Property-Value Markets
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