Moses Where are You?
Fall/Winter 1990, Vol 15, No 2 Abstract: For today’s real estate professional, trying to determine fair market value is like wandering ‘into an uncharted wilderness.’ This article utilizes a historical perspective to answer the question, ‘How can the real estate appraisal process work in the present economy?’
Investigation of the Viability of Developer-Oriented Real Estate Put Options
Fall/Winter 1990, Vol 15, No 2 Abstract: Research on options in the real estate industry for the most part has been limited to issues associated with the efficiency of the market and the liquidity of the options instruments. There has been little reported research on the appeal of potential options instruments. This study, whose data was… Read more
Fundamentals of Salt Dome Valuation
Fall/Winter 1990, Vol 15, No 2 Abstract: This article reviews some of the fundamental concepts associated with the development of salt dome value estimates for large-volume hydrocarbon storage. Although some of these concepts may be presumed without further discussion, they need to be well-understood so that the analysis of volumes of data will be more efficient.
Foreign Investment, Vertical Integration and the Structure of the U.S. Real Estate Industry
Fall/Winter 1990, Vol 15, No 2 Abstract: In the past few years, foreign investors have shown an increasing appetite for U.S. real estate. The growing interest in this investment by foreign buyers has raised questions about the long-term consequences of these acquisitions for U.S. real estate markets. Specifically, does passive acquisition of existing buildings by foreign… Read more
Corporate Headquarters Relocation
Fall/Winter 1990, Vol 15, No 2 Abstract: Statistical models of locational and organizational variables, on the likelihood that corporations will relocate their headquarters, show that rapidly growing corporations, are significantly more likely to relocate. Conversely, corporations with headquarters in large metropolitan areas or with a large number of head office employees are significantly less likely to… Read more
Assessing the Costs and Benefits of Accelerated Payment Mortgages
Spring/Summer 1990, Vol 15, No 1 Abstract: How should home buyers evaluate accelerated payment mortgages? While it is true that accelerated payment mortgages do enhance home equity buildup and lower total interest costs over the life of the loan, the financial advantages of these plans are by no means certain. This article provides a methodology for assisting home buyers in the assessment of the possible costs and benefits of accelerated... Read More