Residential reflections

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<dc:creator>Thomas, Guy</dc:creator>
<dc:description xml:lang="es">Sumario: If the general level of house prices falls a long way, policymakers may introduce new policies that seek to support prices. In a recent paper in Annals of Actuarial Science, Valuation of nonegative-equity guarantees with a lower reflecting barrier', I model the effect of such interventions on the valuation of no negative equity guarantees (NNEG) in equity release mortgages. The key point is that assuming a reflecting barrier even as much as 50% below today's prices can substantially reduce the value of NNEGs.</dc:description>
<dc:rights xml:lang="es">InC - http://rightsstatements.org/vocab/InC/1.0/</dc:rights>
<dc:subject xml:lang="es">Política económica</dc:subject>
<dc:subject xml:lang="es">Modelos actuariales</dc:subject>
<dc:subject xml:lang="es">Mercado inmobiliario</dc:subject>
<dc:subject xml:lang="es">Cálculo actuarial</dc:subject>
<dc:type xml:lang="es">Artículos y capítulos</dc:type>
<dc:title xml:lang="es">Residential reflections</dc:title>
<dc:relation xml:lang="es">En: The Actuary : the magazine of the Institute & Faculty of Actuaries. - London :  Redactive Publishing, 2019-. - 01/10/2020 Número 9 - octubre 2020 , p. 24-27</dc:relation>