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Full-Text Articles in Business
Appreciating The House: Housing As An Investment, Miriam Wasserman
Appreciating The House: Housing As An Investment, Miriam Wasserman
Maine Policy Review
A house is both a provider of services that its occupants consume and a long-lived asset that can fluctuate in value. Although homes offer both consumption and investment benefits, most prospective homebuyers give priority to a house’s consumption aspects. As Miriam Wasserman points out, for many buying a home represents the fulfillment of a lifelong dream. Homes become the stage for daily routines and major life events; they give families a sense of achievement and the hope of a secure future. However, the problem with buying a house is that you can’t buy a small share of it. A house …
Funding Maine’S Mortgage Market (Or, Who Sets Mortgage Rates, Anyway?), Chris Pinkham
Funding Maine’S Mortgage Market (Or, Who Sets Mortgage Rates, Anyway?), Chris Pinkham
Maine Policy Review
Some have argued that the state of Maine sits in a far away corner of the nation’s transportation system, and others feel that map makers have slighted our state in terms of its northern and eastern boundaries to accommodate large, flat maps of the country. Maine’s mortgage market may well be the opposite situation as both rates and a bank’s funding sources are not uniquely positioned as transportation or cartography may be. Rather, the mortgage business is part of a complex web of international markets that, for all practical purposes, has taken rate-setting away from Maine lenders and provided Maine …