Dr. Fred E. Foldvary

Real Estate Economics

Econ 156, Winter 2012

Dept. of Economics
Santa Clara University

high states

The syllabus

Your scores as of 22 March 2012.

real estate news
data place
housing views

After the crash
HGX housing stocks Philadelphia Housing Sector Index
HGX description

CoreLogic index
December

Standard & Poor's
indexes
(See economic)

Zillow Santa Clara
California

Lender Processing Services

Federal Reserve U.S. Housing Market

Fed Housing Admin
more on FHA

Fed Housing Finance Agency
House price index, City HPI data, MSA

housing markets

home's value
MSA/MSAD

laws

hope now

making home affordable

Problem sets
7 cash flow
8 amortization

term paper

Sample regression data.

Lecture notes and papers

Week 1


property Mon 9 Jan
Rent in Australia ppt or doc
Characteristics
Housing
Housing, big font
Law of rent
How much rent?
Real property
Real estate market
Supply and demand
Henry George theorem

Week 2
Liens etc.
Takings
New Orleans vs. San Francisco
Money
Taxes
The Ultimate Tax Reform
California Real Estate Taxes
Example of Denmark
... conference paper
Prop 13 loophole
Foldvary's notes based on Wenzer, ed., Land Value Taxation
Land Value Taxation 1
Land Value Taxation 2
Land Value Taxation 3
Land Value Taxation 4
Zoning
Housing in Silicon Valley
How much rent
HOUSING, INCOME AND THE PROGRESSIVITY OF TAXING PROPERTY
THE PROPERTY TAX IS A PROGRESSIVE TAX
Restore the Original Wealth Tax
Land in U.S. history

Week 3
deeds
contracts
leases

Week 4
Fred Foldvary, Public Goods and Private Communities. Chapters 3, 8, 10
Chapter 03 Territorial collective goods
notes on ch3 PGPC
Chapter 08 Private communities
Chapter 10 Land trusts, Arden
References
private communities 1
private communities 2
WDW & Arden

Week 5 real estate occupations

brokers
appraisers
assessment of land value
The Price of Land in the New York Metropolitan Area (pdf)
New York Fed Studies NYC Land Values
r.e. management

Week 6, real estate market analysis
rent or buy
rent or buy
Trulia's rent or buy
housing market
commercial r.e.
commercial
rca
tbi

Week 7 urban economics intersects real estate
urban
sprawl
a city
urban agglomorations
Jane Jacobs, cities' wealth
curb rights
urban forms
sprawl
location
to taste
New York City land values article in pdf

Week 8 real estate finances and development
insurance
affordable
chapt 19 income property
cash flow
tax advantages
property financing ch16
risk, returns, time
mortgages ppt
............. real estate development
smart?
land use
development

Week 9 real estate investment and speculation
rent or buy
PRIMARQ calculator
investment and speculation
active investment
More on investing

Week 10 real estate cycle
The Depression of 2008
Gaffney: downturns
business cycle
change analysis
Gaffney on downturns
presentation 1
presentation 2

housing prices at Zillow (+ iphone)
at Office of Federal Housing Oversight
at Redfin
at Home gain.
at Click Home Realty.
at Home Value Hunt.
at Multiple listing services.
at homes.com (+ iphone)
Community information Data Place

Old real estate news


vacancy report
S&P Case-Schiller (R) Metro Area Home Price Indices
contract details

Housing starts slow
Real estate prices fall
Homebuilder sentiment down
The Depression of 2008

Problem set on cash flow for Mon. May 24.

Web site for PRIMARQ equity sharing exchange.

Ground rent seeking in US history

shared ownership

Articles on web sites
MIT
HAAS
Real Estate Bubble drives Homebuyers into Debt Peonage
The quantum leap effect
The Ultimate Tax Reform
How to avoid buying into a bubble.
The Principal Principle, Sanjiv Das loan modification, pdf
Sanjiv Das optimal loan modification,pdf
Mortgage rates jump, doc
Sapienza and Zingales on Strategic Defaults
HAFA Home Affordable Foreclosure Alternatives

Real estate valuation effect of cycles (pdf)

Rent in Australia ppt or doc

pictures at a real estate exhibition
house prices
mortgage delinquencies 1
mortgage delinquencies 2

Problem sets

video on mortgage problems
See also below on cycles

More articles


Land in U.S. history
Gaffney on downturns or downturns pdf
Gaffney papers
on insurance
private communities
housing and affordability
Housing in Silicon Valley

on smart growth
Feder: Geo-economics
Appraisal

more articles


commercial real estate
S&P Case-Shiller indexes
CME commercial real estate
CME housing futures

data quick
national real estate investor
Knowledgeplex
mortgage map
NAHB-Wells Fargo Housing Market Index (HMI)

On the real estate cycle

The Depression of 2008
My 2007 lecture on the real estate cycle
Cycle table
Hanke on the 18-year cycle pdf
bottom's up
is over
Why real estate cycles matter
beartopia
Institute of Supply Management new orders
The party's over?
no bubble?
ISHARE DJ R EST INX (AMEX)
housing sector index HGX
Who is bearish?
Vanguard REIT Index (VGSIX)
R.E. short fund
house prices
Dow Real Estate Index
housing starts
1991 paper
journal article on Real Estate Cycle
Perspective column
R.E. Bubble
On business cycles

Buying and selling properties

online articles
by owners.com

R.E. Investing and speculating

DFA real estate
Duke Realty Corp.
list of partnerships
Boston Capital
Equity Office Properties Trust
low income housing tax credits
Cohen and Steers mutual fund
Fidelity real estate fund
Vanguard REIT index fund
how-to articles
real estate gurus or con artists?
articles by John Reed
land developers
forested real estate - Plum Creek
forested, Rayonier
Cresud, Argentina
Inrealty info
about REITs

Online book Progress and Poverty by Henry George, abridged edition.

tel: campus 408/551-3000 ext 6673 MWF
e-mail: [email protected]