changing public understanding of speculative bubbles …

We test for the existence of housing bubbles associated with a failure of the transversality condition that requires …

We introduce a novel quantitative methodology to detect real estate bubbles and forecast their critical end time, which … calibration with respect to bootstrapped residuals. We make three main contributions to the literature of real estate bubbles … critical times of historical housing price bubbles in the U.S., Hong Kong, U.K. and Canada. Second, the LPPLS detection methods …

capital may flow disproportionately into real estate and help generate real estate bubbles. The preference of banks for more … fungible real estate assets also explains why real estate is so often the source of a financial crisis. Real estate bubbles can … modest benefits of extra building.The benefits of real estate bubbles are welfare “triangles,” while the costs of widespread …