If risk isn’t proportional to reward,… well it is almost always. Emerging markets are riskier and more rewarding (when the risk isn’t active), mature markets a

If risk isn’t proportional to reward,… well it is almost always. Emerging markets are riskier and more rewarding (when the risk isn’t active), mature markets are less risky and less rewarding (unless comparative emerging markets craters). I personally don’t think the term of loans or the maturity of the US market has much to do with the low volume of home sales. Rather, it’s a combination of loss aversion (as others have pointed out) and general uncertainty.