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rent. By extending the theory of investment under uncertainty, we model the renter's decision to buy a house and the … landlord's decision to sell as real options of waiting and examine real options effects on rent. Using data from Hong Kong and …
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We construct the first consistent market rent and home sales price series for American cities across the 20th century …
Persistent link: https://www.econbiz.de/10014576622
Real estate—housing in particular—is a less profitable investment in the long run than previously thought. We hand-collect property-level financial data for the institutional real estate portfolios of four large Oxbridge colleges over the period 1901–1983. Gross income yields initially...
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the density bias of price-to-rent ratios in levels and trends, within and between cities. Our method lends itself to the … creation of comparable neighborhood-level qualified rent indices (Mietspiegel) across Germany. …
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We show that characterizing the effects of housing on portfolios requires distinguishing between the effects of home equity and mortgage debt. We isolate exogenous variation in home equity and mortgages by using differences across housing markets in house prices and housing supply elasticities...
Persistent link: https://www.econbiz.de/10012983105