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...
The Federal Open Market Committee (FOMC) met this week to decide the stance of the Federal Reserve’s monetary policy. In its official statement, the committee chose to...
Substantial reductions in the UK’s CO2 production will not be achieved without improving the energy efficiency of the built environment. This means fixing existing buildings, not...
Housing is a topic that gets everyone riled up. Where you live is a sign of success, socially and financially; we take pride in what our houses are like and certainly their...
How GameStop’s landlord was too slow off the mark with an opportunistic equity raise. There are two main areas that cause confusion between participants in the public (listed)...
Suppose you lent someone $100 and when they paid you back they only handed you, say, $99 or $80. Would you consider the borrower to have kept his promise and contractual...
Rising interest rates are of concern for global economists and practitioners, as an increasing level of government bonds have been employed throughout the world during the Covid...
By ignoring the wisdom of those with more experience, we end up repeatedly revisiting the same issues. “History repeats itself over and over again, but most of us have short...
As a once-devout environmentalist, I have a T-shirt with a slogan heavily used by activists. Often credited to the Abenaki Alanis Obomsawin, it speaks directly to our...
'The future is not some place we are going, but one we are creating.' John Schaar, Legitimacy in the Modern State (1981). The last year has been a challenge for the property...