It is that time of year when professors read final exams to decide if the students learned anything during the past term. Conveniently, this time coincides with a media report on problems in the Russian real estate market and another media report on problems at a mall in Paris. So, regardless of whether you are a student or have 30 years of experience, the general lesson is that you should always be a little bit skeptical when analysing a market. Continue reading
Zoning by-laws have existed for decades and, when somebody wants to make a change, people complain loudly. They seem like a good idea, since nobody wants a smelly, polluting factory to relocate next to a school just because the factory can buy the space for a low price. But, even good ideas can be manipulated.
So, is there a better alternative? Continue reading