When the shortage bros accidentally demonstrate that zoning is a trivial part of the story. Random Walk will make it two antagonistic posts in a row. Enjoy. housing shortage steelman payment-to-income ratios skyrocketing totally stagnant, if not lower debunking the shortage myth, over and over and...
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LATEST ARTICLES
Macro Daily
The art of timing : Famous market cycles
Identifying long-term patterns in markets is easy, acting on them is something else ‘The wheel is come full circle,’ commented Shakespeare’s Edgar on the carnage that surrounded...
The Economist
Trump II: So what for the UK economy?
In the wake of Trump’s return to Executive office we have witnessed "financials" record sizeable moves. These have involved super-charging trends seen ahead of the frenzied...
The Fund Manager
Buy Gold: Deficits, delusions and dangers on the road ahead
Writing in the aftermath of one of the most contested election in modern US history most of the attention has been spent trying to predict the effects of Donald Trump’s...
The Analyst
Five trends shaping the real estate capital markets in 2025
With the election over and JPow cutting interest rates, many are hopeful that 2025 will see the floodgates open for the real estate capital markets, releasing the dry powder...
The Analyst
Six charts no one expected to see when rates went up
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Head Of Research
Leveraging technology for superior portfolio performancePremium
In institutional real estate investment, portfolio managers are typically deal-driven; they meticulously scrutinise various aspects of individual assets when assessing potential...
The Professor
Reconciling DCF and Cap Rate ModellingPremium
Discounted cash flow (DCF) modelling seems to be emerging as a mainstream valuation procedure in the United Kingdom. The November 2023 RICS paper “calls for…greater consideration...
The Analyst
Is trying to solve the housing crisis just masochism?
The rent is too damn high. So it’s natural that many entrepreneurs, socially-conscious investors, and real estate operators want to solve the housing crisis by building and...
Investor's Notebook
Progress and Recovery: RICS one year on
By the end of 2024, around 1.5 billion people will have headed to the polls to vote at elections across 50 different countries. But, arguably, the most important is to come. The...