This paper aims at contributing to the debate on asset pricing by addressing challenging issues that pertain to the real estate market, though their implications can go beyond its scope. Actually, the trend towards increasing globalization has made the trade-off between financial and real assets obsolete, just like the traditional focus on portfolios consisting of securities alone. As a result, a wider approach should be rather adopted, designed to cover total wealth management. Reverse mortgages, rent-to-buy formulas, 1€ houses, home lotteries andreal estate auctions are just a few examples that a realistic, updated framework for analysis can draw upon, based on applicable terms and conditions.

Pricing Real Assets: Terms and Conditions Apply

Margherita Mori
2020-01-01

Abstract

This paper aims at contributing to the debate on asset pricing by addressing challenging issues that pertain to the real estate market, though their implications can go beyond its scope. Actually, the trend towards increasing globalization has made the trade-off between financial and real assets obsolete, just like the traditional focus on portfolios consisting of securities alone. As a result, a wider approach should be rather adopted, designed to cover total wealth management. Reverse mortgages, rent-to-buy formulas, 1€ houses, home lotteries andreal estate auctions are just a few examples that a realistic, updated framework for analysis can draw upon, based on applicable terms and conditions.
2020
978-93-89835-79-3
File in questo prodotto:
File Dimensione Formato  
MORI_INCON2020_FINANCE.pdf

solo utenti autorizzati

Descrizione: Contributo integrale
Tipologia: Documento in Versione Editoriale
Licenza: Dominio pubblico
Dimensione 699.93 kB
Formato Adobe PDF
699.93 kB Adobe PDF   Visualizza/Apri   Richiedi una copia
Pubblicazioni consigliate

I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.

Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11697/141458
Citazioni
  • ???jsp.display-item.citation.pmc??? ND
  • Scopus ND
  • ???jsp.display-item.citation.isi??? ND
social impact