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 the last Property Chronicle, we considered a simple conceptual framework for assessing market mispricing. This involved comparing the market cap rate (K) with a cap rate derived from our analysis of its components. The latter comprise a nominal risk free rate (RFRN), a risk premium (RP), and...
If you read economic histories of the Soviet Union, you will find that what little “private” sector was allowed was in farming. Small private plots that accounted for 3 percent...
This discussion could be called “Real Estate Tokenization 2.0 or 3.0” parallel to the evolution we witnessed in the CMBS market some years ago. We remain in the PropTech era of...
Each year the Oxford English Dictionary chooses a word/phrase of the year which has emerged into the public consciousness and common usage. Last year it was “Goblin mode”. The...
If you believe the media hype, a storm awaits America. The US government will have to fight off neo-Nazi religious fanatics, massive climate change, financial armageddon, mass...
I was asked to take part in a judging panel recently: one of the categories was for deal of the year and one contender was a large modern logistic enabling facility (or shed as...
Property as safe haven in downturn. As I reach the officially designated twilight years of my career, the recent burst of inflation in the UK and the upward shift in bond yields...
A look at the mathematician and his tables. In over 35 years of public speaking, I have made audiences grimace, laugh and, I hope, develop their understanding of the world of...
How they work and the implications. Part 1: the economics Recently, a colleague posted an opinion on social media that he would stick with his gas-powered Mustang, stating...
he shots that rang out on April 19, 1775 in Lexington and Concord are widely considered to be the opening salvo in the US War for Independence. Although we may never know who...