Trickle-down housing economics

Charles G. Nathanson

High-quality construction diminishes low-quality house prices in the same metro area, but by less than you might think.


Real effects of rollover risk: evidence from hotels in crisis

Anthony A. DeFusco, Charles G. Nathanson, and Michael Reher

Hotel owners facing mortgage maturities during the COVID-19 crisis booked fewer guests and cut their wage bills more than owners of hotels with mortgages that matured just before the COVID-19 crisis.