A Proposal for Government Insurance of Home Values against Locational Risks

Matityahu Marcus and Michael K. Taussig

Land Economics, 1970, vol. 46, issue 4, 404-413

Abstract: An owner-occupied home is an unusual asset because it cannot be diversified among locations and because it is the only sizable asset that most owners possess. Among the uninsured risks of homeownership is devaluation by nearby changes in land use. ...

Date: 1970
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