In the long run - because US homeowners are not taxed on imputed rental income - renters/the economy are subsidizing owners. Currently, at...
Not an expert, but how do you avoid IRS Pub 525, p18, "Mortgage Relief upon Sale or Other Disposition?" For recourse loans it looks like income,...
See for example (CA): http://www.wwlaw.com/forecl.htm Note that this article is dated 1996, but I don't think mortgage default law has...
That's the question: gnome pointed out that in most states (FL excepted), the bank can go after other assets when you are delinquent. I was under...
California would be another (non-recourse for personal residence, 1st mortgage, only). Anyone else know more?
Is this true? I always thought (at least in most states) that 1st mortgages for a principal residence were non-recourse and that the house was...
maverick74, optioncoach, riskarb
Well put (excuse the pun). The strategy is risky relative to a riskless one (buy a Treasury) because in one outcome (QQQ goes up) you earn a lower...
See for example http://www.phil.frb.org/pcc/workshops/workshop11.pdf
Good post. TA can work because information asymmetries go away slowely, and also perhaps because liquidity traders use common methods. Any others?
As far as I know, secured debt generally means that the bond holders have rights to a specific asset in the event of bankruptcy (say GM owns any...
...but unsecured, right?
Couldn't agree more.
All else equal, the stock falls $0.19 on ex-dividend, so if the option were European, it should trade at about $1.80 (assuming dividend is...
Do you mean the difference between an American and an otherwise identical European call?
Agreed, wasn't trying to undo your basic point, which is very well taken. :cool:
Meant conditional on x: if you use y=ax+b+e, where e is independent of x (and zero mean), the correlation would be greater than -1. Your choice of...
The correlation is negative because a<0; it is perfect because ("almost surely" :) ) you chose the conditional variance of y to be zero. Your...
Would have thought it's not too good as a trading platform? I've never gotten the hang of the data I/O (always thought the database (?) toolbox a...
Factor analysis is probably the way to go, but if you want to market the product you should re-express the statistical factors in terms of...
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