A Quantitative Analysis of the U.S. Housing and Mortgage Markets and the Foreclosure Crisis

AbstractFor decades, the U.S. Air Force has contemplated replacing the A-10 Thunderbolt II “Warthog” with a newer fighter aircraft. However, a quantitative analysis comparing the Warthog’s performance and costs with those of its intended replacement, the F-35 Lightning II Joint Strike Fighter, shows that retiring the Warthog would be operationally unsound and fiscally imprudent. The rationale for the replacement is that it would increase airpower capability while controlling costs. That rationale does not withstand scrutiny. An effectiveness analysis based on results from a survey of joint terminal attack controllers indicates that the A-10 vastly outperforms the F-35 in providing close-air support (CAS), a critical requirement for future conflicts against terrorists and insurgents. A cost analysis demonstrates that replacing the A-10 before its service life ends in 2035 would cost at least $20.9 billion. The replacement plan would waste substantial resources and seriously impair U.S. military capabilities. Given that constrained future budgets and low-intensity conflicts requiring precision CAS can be expected, the U.S. air fleet should include the A-10 Thunderbolt II.

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A Quantitative Analysis of Subsidy Competition in the U.S.

10.3386/w20975 ◽

2015 ◽

Cited By ~ 5

Author(s):

Ralph Ossa

Keyword(s):

Quantitative Analysis ◽

The U.S

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Analyzing Rates of Seriously Delinquent Mortgages in Asian Census Tracts in the United States

Urban Affairs Review ◽

10.1177/1078087417724907 ◽

2017 ◽

Vol 55 (2) ◽

pp. 616-638 ◽

Cited By ~ 2

Author(s):

Katrin B. Anacker

Keyword(s):

Race And Ethnicity ◽

Weighted Least Squares ◽

The United States ◽

Community Survey ◽

Descriptive Statistics ◽

Social Differences ◽

Metropolitan Statistical Areas ◽

Census Tracts ◽

Foreclosure Crisis ◽

The U.S

Although race and ethnicity have been analyzed and discussed in the context of the national foreclosure crisis, there has been little work on neighborhoods in which different Asian subgroups reside, which is surprising given the relatively large demographic, economic, and social differences. Based on NSP 3 data, provided by the U.S. Department of Housing and Urban Development (HUD), and 2005/2009 American Community Survey (ACS) data, provided by the U.S. Bureau of the Census, this article utilizes descriptive statistics and weighted least squares (WLS) regressions to analyze rates of seriously delinquent mortgages for Census tracts in all Metropolitan Statistical Areas (MSAs), differentiating among different Asian subgroups. Findings show that neighborhoods with Hmong, Laotian, and Cambodian households had relatively high rates of seriously delinquent mortgages, whereas neighborhoods with Chinese, Japanese, and Pakistani households had relatively low rates of seriously delinquent mortgages.

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