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Universities Are Missing Out on an Explosive Growth Sector: Their Own

Harvard Business Review

The more astute higher education administrators tell me they can see this happening now: Tuition discount rates are at record highs, and the summer scramble is on to hit admission targets as enrollments drop. There is a precedent for endowment managers to see capital as a tool to help the university thrive — investing in local real estate.

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What’s That You’re Calling a Bubble?

Harvard Business Review

They’ve also characterized the San Francisco Bay area’s real estate market over a far longer period. In the classic 1930 formulation of economist Irving Fisher : The value of any property, or rights to wealth, is its value as a source of income and is found by discounting that expected income. Yet neither has collapsed.

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