Serious investment thinking that doesn’t take itself too seriously.
Our professorial contributors illuminate the latest academic research in real estate and economic policy
In 1988 Michael Sklarz and I published a paper called “It’s Time for Some Options in Real Estate.” In 1995 David Geltner and I suggested that we needed a fourth asset class, Housing Equity Investment Trusts (HEITs), whereby an owner could sell part of their home price appreciation to investors and...
It’s time to drop the material uncertainty clause for most property valuations – the market has largely adapted to covid now. In late October 2020, I was presenting a paper at an...
The past year has seen unprecedented change as all have faced up to the challenge of the pandemic. It has created challenge and not a little confusion, but it has also provided...
This article was originally published in Summer 2019. With so many factors to consider, the division between doomsayers and optimists has never been so large. There seems to have...
Everywhere we look, the world looks bubbly. Politically, we may point to the anger bubbling among people who feel like they were robbed of power ‒ or their opponents who...
… and why other property professionals get lumped with the bad guy roles. This article was originally published in April 2019. “I don’t build in order to have clients, I have...
During the last four years, the prospects for freer world trade have been in retreat. Now, with a new broom about to sweep into the White House, there is renewed hope for...
Equity investors might need to top up funds by tens of billions in Germany and the UK, thanks to covid. Declines in capital values and more conservative lending in the immediate...
A physical market cycle analysis of four property types across 54 metropolitan statistical areas (MSAs) for 3Q2020. The V-shaped recovery happened (-32% GDP in Q2 then +33% GDP...
I yield to no one in my admiration for the office as a social centre, but it's no place actually to get any work done. – Katharine Whitehorn, View from a Column (1981) The king...