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Irrational and Rational Homeowner Considerations

  • Waymond Rodgers
  • Timothy G McFarlin
Chapter
  • 765 Downloads

Abstract

This chapter covers how homeowners and marginal borrower’s irrational decision making using the expedient or revisionist pathway affected the housing market and what pathway they should have used to make more rational decisions in the real estate market. Real estate transactions examined in this chapter include the home equity loan, cash-out refinancing, and loan modifications.

Keywords

Irrational real estate decisions Expedient pathway Revisionist pathway 

References

  1. Amisano, Chris and Demand Media. 2016. Differences between Home Equity Loans and Refinancing.Google Scholar
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  3. Mian, and Sufi. 2014. House of Debt. Illinois: University of Chicago Press.Google Scholar
  4. Rodgers, Waymond. 2006. Process Thinking: Six Pathways to Successful Decision Making. New York: iUniverse Inc.Google Scholar
  5. Schiff, Peter D., and John Downes. 2009. Crash Proof 2.0: How to Profit from the Economic Collapse, 2009. New Jersey: John Riley & Sons, Inc., Hoboken.Google Scholar
  6. Sowell, Thomas. 2010. The Housing Boom and Bust. New York: Basic Books.Google Scholar
  7. Stiglitz, J. E. 2010. Freefall: America, Free Markets, and the Sinking of the World Economy. New York: W.W. Norton.Google Scholar
  8. Weintraub, Elizabeth. 2016. How Soon Can We Buy a Home after a Short Sale or Foreclosure? http://homebuying.about.com/od/foreclosures/f/071008_BuyAgain.htm.

Copyright information

© The Author(s) 2017

Authors and Affiliations

  • Waymond Rodgers
    • 1
  • Timothy G McFarlin
    • 2
  1. 1.University of Texas, El Paso/ University of HullHullUnited Kingdom
  2. 2.McFarlin LLPCaliforniaUSA

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