The interaction of markets
Table of Contents
Foreword
Chapter 1 – Space, Time and Assets: The three markets that drive real estate
Chapter 2 - Inside the Chrystal Ball: What is forecasting for?
Chapter 3 - Debt, Equity and the Cost of Capital: Can debt add value and enhance investment returns?
Chapter 4 - The Real Estate Quadrant Model: Finding value in the capital stack
Chapter 5 - Discounted Cash Flow Analysis - Inside the Engine Room: Getting the metrics right
Chapter 6 - Real Options and the Price of Choice: Decisions…decisions: trick or treat?
Chapter 7 - How property rights regulate outcomes: Change the rules, change the game
Chapter 8 - When Property Rights Fail - Compensation and Rent Seeking: Getting to "Fair Value"
Chapter 9 - When Property Rights Fail – Externalities: Good fences make good neighbours
Chapter 10 - Natural Resources: Old Problems, Changing Rules: Confronting the "surly bonds of Earth"
Chapter 11 - Investment Portfolios - Where Does Real Estate Fit In?: Putting it all together
