"I am very enthusiastic about this book. It makes an extremelyimportant proposal that ought to become a part of our mortgage lendinginstitutions, and be offered to millions of homeowners. The book notonly outlines the idea, it is also very thorough in presenting theconcrete problems, and creative in suggesting contractual forms thatwill deal with them. This book could change the world." Robert J. Shiller, Stanley B. Resor Professor of Economics,Yale University
"Housing Partnerships is a serious discussion of financialreform in housing by some of economics' most distinguished scholars,and a significant contribution to the policy reforms suggested forhousing market problems." Ed Glaeser, Paul Sack Associate Professor of Political Economy,Harvard University
About the Author
Joseph Tracy is Director of Research at the Federal Reserve Bank of New York.