Winter 98- Volume 12, Number 1
- "Weird Finance" offers a detailed discussion
of a concept long used in the analysis of bonds. When the duration
measure is applied to interest rate-sensitive securities, such
as some mortgage-related instruments, the results can be downright
weird, such as a positive relationship between interest rate and
price movements known as negative duration.
- "Rolling the Dice: Would Casinos Harm Illinois Home
Values" raises questions regarding the impact that allowing
land-based casinos in Illinois would have on home values; the
authors cite results of a study from suburban Las Vegas in concluding
that a casino constitutes a nuisance for nearby residential properties.
- "Vacancy Management IV: Quality of Real Estate Services"
explains how real estate managers who provide higher quality services
should view income-maximizing activities in light of the higher
operating costs that accompany better service quality.
- "A Technical Analysis of the Quality of Real Estate
Services" follows, with a detailed geographical presentation
on the role quality plays in the market.
- "To Pre(pay) or Not To Pre(pay): That is the Question"
discusses the importance of mortgage loan interest in allowing
a family to amass enough in qualifying expenses to itemize deductions
when computing its federal income taxes.
© 1998 ORER
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