Is the REIT a solution to real estate capital markets woes? The capital markets are a miracle. Global capital markets are a miracle. But let’s focus on the biggest and best of them all: the US Stock Market. This whole thing got started when 24 stockbrokers signed an agreement under a...
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LATEST ARTICLES
The Professor
Britain is not as broken as everyone seems to think
According to many politicians and commentators, the UK is in a very sorry state. Ahead of the general election expected this year, Labour leader Keir Starmer has...
The Analyst
Winners of REIT earnings season
Over 200 US REITs and homebuilders have reported first-quarter earnings results over the past four weeks, providing critical information on the state of the commercial and...
The Professor
Do you want to live forever?
Two books have come out in the last few years that seem especially relevant to those baby boomers now experiencing a variety of ailments correlated with age: dementia,...
The Analyst
20-year UK housing bubble to pop
After a 13-year experiment with near-zero interest rates, this key driver of house prices has at last returned to historically normal levels and, with a bit of luck, this could...
The Economist
Climate “reparations” numbers are rigged
Nobel Prize–winning economist Esther Duflo thinks rich countries should pay poor countries $500 billion in compensation each year for climate-change damages. It is our “moral...
Investor's Notebook
London’s runaway horses remind us that animals are workers too
The extraordinary sight of five horses galloping through London, sweating and covered in blood, caused the hashtag #Apocalypse to trend briefly on social media...
The Economist
UK inflation will fall, but neither the BoE nor the government deserve applause
A significant fall in UK inflation is in prospect. In the two months to May 2023 the consumer price index rose by 1.9%. It is very improbable that the CPI will increase by as...
Head Of Research
Are multi-family properties a boon for pension funds?
The share of real estate in pension portfolios has been increasing over time. The rationale for this increased allocation has often been the investors’ desire for stable returns,...
The Professor
The wasteful cruelty of “Stakeholder Capital”
Capitalism has raised millions, if not billions, of people out of poverty. It is the greatest engine of human flourishing that has ever existed. It is worth defending, but those...