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...
The Professor
Our professorial contributors illuminate the latest academic research in real estate and economic policy
LATEST ARTICLES
The Professor
Plagues and classical history
What the humanities will tell us about Covid in years to come. After almost two years – and an extraordinary global hiatus whose impact remains as yet unclear – it is...
The Professor
Nixon’s gold treachery made me a cynic
Fifty years ago, on 15 August 1971, President Richard Nixon announced that the US government would cease honouring its pledge to pay gold to redeem the dollars held by foreign...
The Professor
Young people are missing the office
Here’s how they can thrive in a post-pandemic workplace. When asked about the Government’s position on remote working in the long term, UK chancellor Rishi Sunak recently said...
The Professor
The high price of popcorn
Summertime is the season of the blockbuster movie. And what could go better with a fast-paced action flick than a giant tub of buttered popcorn? People everywhere are starting to...
The Professor
How high will inflation be in 2021?
What will inflation be for 2021? Forecasts of inflation on the order of 3% or a bit more are common. They are low. There are various measures of inflation, all with advantages...
The Professor
High-street strategy
Recovery will take more than street parties and more bins. For politicians and pundits, the death of the British high street has long been a refrain. The pandemic has...
The Professor
Is our current inflation temporary? Look at the numbers
Jerome Powell, Chairman of the Board of Governors of the Federal Reserve System, has said that the current uptick in inflation is temporary and he expects inflation to...
The Professor
Tokyo 2020
How Japan’s moment of glory has become a millstone for the economy. “Japan is back!” declared Shinzo Abe, the then Japanese prime minister, after he made a surprise...
The Professor
PropTechs…
...in the context of a sometimes cynical and overwhelmed commercial real estate industry. As of 20 July 2021, the website we started at the University of San Diego,...