Home foreclosures can have devastating, long-term impacts
Tuesday, June 23, 2020 - 17:30
in Mathematics & Economics
As the pandemic-ravaged U.S. economy braces for a likely wave of housing foreclosures, a new study shows that losing a home can have painful ramifications that extend far beyond the immediate financial damage. In a new working paper, Stanford economist Rebecca Diamond finds that foreclosures make homeowners less likely to buy another house in subsequent years. Their living […]