You disliked this video. Thanks for the feedback!
Speaker: Douglas Andrews
We argue for the introduction of an alternative home-equity-release product based on the return on a regional house-price-index. This product would provide greater access to equity release for retirement-age homeowners and provide a wider range of investment products for investors. We illustrate the associated payoffs with the use of 20 years of home sales data from the United Kingdom (UK), up-to-date UK mortality data, and an updated UK morbidity study.