Abstract
This article explains how common misconceptions about residential real estate returns contribute to unrealistic expectations about house price appreciation. The article evaluates several comprehensive ways of computing residential real estate returns and discusses the relation between real estate return and risk. We review the role of real estate in household portfolios, the overall economy, and the financial crisis and discuss why decline in the real estate market imposes economy-wide risks.
- © 2011 Pageant Media Ltd
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Measuring Residential Real Estate Risk and Return
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