Submissions: Homeownership 2026

Submit full papers or extended abstracts here:

safe-frankfurt.de/news-latest/...

📅 Submission deadline: 15 April 2026
📣 Notification: 30 April 2026
📍 Frankfurt School of Finance & Management

2 slots for PhD candidates with limited travel support.

We invite papers on new theoretical & empirical frameworks that quantify housing market frictions, identify transmission mechanisms, and evaluate how they interact across demand and supply.

Topics: households, lenders, developers, landlords, intermediaries, policy.

📢 Call for Papers: Housing Market Frictions and Access to Homeownership

1st Annual Workshop in Real Estate Finance
24–25 August 2026 · Frankfurt am Main

Keynote speakers:
• Timothy McQuade (UC Berkeley, NBER)
• Andreas Fuster (Swiss Finance Institute at EPFL, CEPR)

I started building this for myself to get better AI feedback on political science research. After seeing @claesbackman.bsky.social’s econ-focused repo, I pushed it further into PoliSci Review: a journal-aware, LaTeX-first skill for political science drafts.

Feedback Machines: Writing and editing research papers with generative AI Claude Code and Cursor are changing the way we can get feedback on research

Done well, AI is a feedback machine. In the post, I go through how my workflow has changed, and what kind of prmopts have proven useful for ,e.

Please let me know if you have some comments or thoughts. It's fast moving field,
claesbackman.substack.com/p/feedback-m...

It used to be difficult to get feedback on your research. The classic way was to ask someone to read it, hoping they would give you a few notes.

That is changing. In the post below, I outline some ways I use Cursor and Claude Code to get feedback on my own work directly

If you are looking for more research-related guides, I have plenty collected on my website: sites.google.com/view/claesba... Take a look!

Other highlights include the importance of having one contribution and how you should learn to ignore (some) feedback, as well as some writing tips.

A brief personal guide to doing research Research is really hard. Try to be hard on writing and ideas, not on yourself.

Read the whole post here. open.substack.com/pub/claesbac...

I'm continuing my Substack blogging career by sharing some tips for doing research. Most important point: try to be hard on writing and ideas, not on yourself.

That was a much better answer than mine!

That’s a good question, I asked that of @alemartinello.com too. I wouldn’t expect much impact on house prices in Denmark from 40-year mortgages, because IO mortgages are available.

@alemartinello.com also wrote well about this question!

But, longer maturities will likely not benefit first-time buyers
-- If the benefit of longer maturities is capitalized into house prices, first-time buyers will not have increased access to the housing market

The concern with longer maturities is that borrowers may not make informed decisions and may be enticed by lower monthly payments.

Second benefit: higher consumption at points in life when you want to save less
— with lower monthly payments you can consume more and save less, which you may want to do if you are either retired or expect to earn a lot in the future

First benefits to longer maturities: more portfolio diversification
— If you don't amortize, you can save in stocks or more liquid assets.
— Maybe all savings shouldn't be concentrated in a single, illiquid asset.

Brief summary:
1️⃣ Longer maturities reduce monthly payments.
With a 30-year mortgage and a 6 percent interest rate, the borrower has amortized about 16% of the loan amount after 10 years. With a 50-year mortgage, the borrower has amortized about 4 percent.

50-year mortgages: benefits and costs While longer maturity contracts may make a lot of sense for individual borrowers, the impact on affordability is limited by changes in house prices.

Link here: open.substack.com/pub/claesbac...

Longer maturities for mortgages are back in the news.

I wrote a Substack post about the benefits of longer maturities, potential concerns of households making mistakes, and what longer maturity mortgages might do for young households and first-time buyers (not much?)

Link to paper: claesbackman.github.io/Papers/Perso...
Link to blog post: safe-frankfurt.de/news-latest/...

💡 Key takeaway: Personal financial advice from close connections improves investment outcomes, highlighting an important distinction from online peer effects in finance.

A personal relationship means that you probably feel responsible if a risky recommendation goes wrong. This aligns perfectly with what we find in the data: advice-givers emphasize expertise and trustworthiness, and their recommendations lead to better portfolio outcomes.

Our results resonate with me personally, because it's the type of financial advice I would always give when my friends ask. When someone you care about asks for investment advice, you're motivated to recommend sound, diversified strategies.

🔍 Unlike advice shared on anonymous social media platforms, personal financial advice is based on trust and expertise rather than past returns. Those who provide advice are positively selected on experience and financial knowledge, and they internalize the outcomes of their recommendations.

📊 We study how financial advice from family and friends affects portfolio outcomes. Using unique brokerage data and survey evidence, we find that personal financial advice is widespread and leads to better portfolio quality—more diversification and a preference for funds over single stocks.

🎉 Excited to share that our paper "Personal Financial Advice and Portfolio Quality" has been conditionally accepted at the Review of Finance! Many thanks to my co-authors, Olga Balakina, Tobin Hanspal, Andreas Hackethal and Dr. Dominique Lammer!

Cover of SAFE Working Paper No. 459 "Macroprudential Policies and Homeownership" by Claes Bäckman from October 2025

📝New SAFE Working Paper No. 459 "Macroprudential Policies and Homeownership" by @claesbackman.bsky.social

👉Find it via papers.ssrn.com/sol3/papers.... #EconSky #Homeownership #YoHo

This paper shows that homophily in #socialnetwork affects stock market participation. Denser, homogenous networks boost participation, especially among wealthier individuals, while social influence is more significant for lower-income groups.

Read: papers.ssrn.com/sol3/papers....