Harvard Business Review

JANUARY 20, 2016

In the summer of 2013, Rolling Stone published a long article titled “Goodbye, Miami,” which claimed that climate change will submerge much of the titular city. Real estate investors will have strong incentives to respond to these forecasts. But long before the city is completely underwater, chaos will begin.”

Real Estate 8

Real Estate Parcell Incentives Human Capital 8

Harvard Business Review

JANUARY 8, 2014

They’ve also characterized the San Francisco Bay area’s real estate market over a far longer period. Estimates of future income are full of uncertainty, and choosing an appropriate discount rate is often more art than science. Economy Finance Managing uncertainty' Yet neither has collapsed.

Price 8

Price Finance Definition Uncertainty 8

Harvard Business Review

APRIL 9, 2013

The only way you can avoid losing money on your investment is for a greater fool to come along — in the case of real estate, a greater fool backed by an even-greater-fool lender — and take the asset off your hands. It remains something that people turn to in times of financial uncertainty such as now.

Price 9

Price Constraint Real Estate GDP 9