Housing for Moderate Income Households.

The essence of equity leasing is that current Vincent M. Brannigan enhance housing cannot afford to purchase it housing purchases represent simultaneous Associate Professor, Textiles under the current legal/economic structure, investment and consumption decisions. In a am* Consumer Economics Repeated turnover of housing by moderate sense, a housing purchase is similar to whole Carol B Meeks income homeowners and renters also results in insurance, combining forced savings and Professor, Consumer substantial transaction costs. Finally, tenants investment functions. Many consumer advoEconomics and Housing, rarely have any incentive to maintain their cates discourage buying whole life' policies University of Georgia units, thus leading to deterioration of the because the need for insurance is greater than nation's moderate income housing stock, the need for savings. The concept of this paper is to create a housing equivalent to renewable term life insurance. TARGET GROUPS