Expected Returns and Expected Growth in Rents of Commercial Real Estate
نویسندگان
چکیده
منابع مشابه
Real Interest Rates, Expected Inflation, and Real Estate Returns: A Comparison of the U.S. and Canada
In the United States, but not in Canada, nominal interest on residential housing mortgages is a deductible expense for the personal income tax. This suggests that changes in nominal interest rates could conceivably have differing impacts on real estate values in the two countries. The inflation component of nominal interest should have a negative impact on Canadian real estate, but its effect s...
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متن کاملReal Interest Rates , Expected Inflation , and Real Estate Returns : A Comparison of the U . S . and Canada
In the United States, but not in Canada, nominal interest on residential housing mortgages is a deductible expense for the personal income tax. This suggests that changes in nominal interest rates could conceivably have differing impacts on real estate values in the two countries. The inflation component of nominal interest should have a negative impact on Canadian real estate, but its effect s...
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ژورنال
عنوان ژورنال: Review of Financial Studies
سال: 2010
ISSN: 0893-9454,1465-7368
DOI: 10.1093/rfs/hhq069