Galimberti, Jaqueson K.; Cheung, Lydia; Vermeulen, Philip - 2022
2021, we provide evidence that idiosyncratic risk in real house price appreciation varies considerably across houses. We … find that idiosyncratic risk is time varying, depends negatively on the initial house price, varies strongly across … factors. By buying an above the median house in a low-risk region, and holding on to the property for a longer period …
