Hints and tips:
...More seriously, Goetzman et al argue that art price changes are largely a function of wealth concentration....
...Real estate markets also face unique challenges: $3.6 trillion of commercial real estate (CRE) loans are maturing in the U.S. and Europe through 2025, many of which may not qualify for extensions....
...These are few disasters to talk about, other than office real estate, and that disaster is moving at a politely glacial pace....
...real estate funds....
...The one shoe that hasn’t dropped yet are cap rates and debt yields on commercial real estate. The market is still somewhat upside down there trying to make sense of what’s going on....
...The addition of the “+” countries (Russia, Kazakhstan, Mexico et al) to the cartel have increased its market share....
...In such a world, trimming bonds to add real estate, commodities or Treasury inflation-protected securities may make sense....
...In recent decades, corporate headquarters, embassies, luxury hotels, designer shops, private members' clubs and upscale restaurants have increasingly claimed prime real estate....
...The initiative from New Zealand et al has not reached critical mass: the big trading economies have not signed on....
...Andrew Garthwaite et al at Credit Suisse has had a fiddle about with the model portfolio, resulting in insurers getting a push....
...And, as lockdown measures are softened, the return of the likes of Gregg's, Starbucks et al to the UK FtG market will increase competition....
...There’s not much precedent to support the idea that Shina et al can walk away based on a MAC clause: WPP was forced against its will to buy Tempus in 2001, Guy Hands couldn’t scrap a bid for East Surrey...
...Real estate is, too....
...Per Starr et al., a 10 per cent increase in the number of non-competes leads to 6 per cent lower wages in states that enforce the agreements versus those that do not....
...Another stark example is the rapid shift in China’s global real estate investments....
...“Amazon” Cuomo et al will hope not. In Wisconsin, considerable effort was expended to woo Foxconn — a Taiwan-based company which makes, among other things, roughly half of the world’s iPhones....
...Jorda et al created their total return index based on both capital gains and income from renting. Net rental income has historically accounted for half of the total returns from owning housing....
...22% of GDP) Garthwaite et al refuse to stay down....
...Unsurprisingly, Greenspan et al believe China’s integration of its low-cost workforce and state-subsidised capital into the world economy over the past two decades has depressed prices everywhere....
...Sensible sentences from Citi’s Buiter et al on China’s valuation shock (with our emphasis): This decision by the PBOC is a significant event, even if its implications and motivations are not yet fully clear...
...Unsurprisingly, Borio et al also find that the impact of a given decline in asset values is related to the amount of debt outstanding before the bust....
...al): We come to several conclusions: 1....
...Statistical studies (see for example Gadea et al) confirm that there has been no significant break in the behaviour of volatility in the five year period since 2008, compared to that experienced during GM...
...And it’s likely that the spectacular over-regulation of the real estate sector has played a big role in the construction productivity stagnation....
...Although implementation of the No. 9 document will inevitably be gradual, it could result in less credit available for small and medium-sized real estate firms and LGIVs....
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