LIBROS DEL AUTOR: cristian voicu

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  • Systematic Risk in the Housing Markets
    Cristian Voicu
    In the first chapter, a one-factor pricing model is employed to investigate the total returns of single-family homes and pro­fessionally-managed properties. Portfolios of East and West Coast cities have negative risk-adjusted returns, while a portfolio of all inland cities has positive alpha. Positive alpha can be achieved with portfolios of high rental yield cities, small citi...
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