2019冠状病毒病、房地产和不确定性:通过吉姆·格拉斯坎普的名言审视这一新的“常态”

IF 1.6 Q3 BUSINESS, FINANCE
Elaine Worzala
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引用次数: 7

摘要

目的:本文通过引用房地产教育家兼研究员James A Graaskamp博士的话,研究了当前房地产市场的不确定性。Graaskamp通过风险管理和风险缓解的视角,将他的教学重点放在了房地产投资上,作者研究了在外部冲击动摇市场、导致交易停滞甚至冻结的不确定时期,我们如何向Graaskamp学习,以不同的方式看待房地产投资。此外,她探讨了我们如何从今天的情况中吸取教训,并对我们的建筑环境进行长期的改变,以更好地了解与当前和未来的流行病以及包括自然灾害或气候变化在内的其他不确定性相关的风险,Graaskamp博士的朋友和同事,从20世纪70年代末到1988年去世,作者探讨了房地产资产类别复杂性质的许多方面,特别是在全球疫情造成的非常不确定的时期。设计/方法/方法:这是一篇关于2019冠状病毒病疫情导致的全球房地产市场当前不确定性的思考文章。这篇文章的作者也是一名学生,Jim Graaskamp的朋友和学员,所以这是她与这位著名和标志性的房地产教育家和学者的经历的口述历史,这不是一个有经验发现的传统研究项目。它是对当前由2019冠状病毒病疫情及其对房地产市场的影响造成的不确定时期的探索,对房地产投资和金融领域产生重大影响实际意义:威斯康星房地产校友会汇编的James A Graaskamp教材集对房地产学者和从业者来说并不是一个公认的资源,但这两张CD包含了一位聪明的房地产专家提供的丰富信息和知识在讨论的基础上,本文阐明了Graaskamp博士的教学和著作。它说明了这些材料对其他研究人员和教育工作者的有用性。特别是,它强调了Graaskamp对风险管理和缓解的关注,他坚信这是理解房地产投资复杂性和做出良好投资决策的基本技能,特别是当市场充满不确定性时,就像当前全球新冠肺炎疫情期间的情况一样。独创性/价值:作为Graaskamp教授为数不多的在世且仍在执业的博士生之一,作者有着独特的视角和视角来尝试解读这位房地产专家的语录。他是房地产教育的领导者,特别是在房地产估价、可行性和投资方面,这篇文章从他简洁幽默的名言中汲取了一些更重要的教训©2020,Emerald Publishing Limited
本文章由计算机程序翻译,如有差异,请以英文原文为准。
COVID 19, real estate and uncertainty: examining this new “normal” through the quotes of Jim Graaskamp
Purpose: This paper examines the current uncertainty within real estate markets through the quotes of Dr James A Graaskamp, a real estate educator and researcher Graaskamp focused his teachings on real estate investment through the lens of risk management and risk mitigation Using the current COVID 19 pandemic crisis as the backdrop, the author examines how we might learn from Graaskamp to look differently at real estate investments during these uncertain times when an external shock shakes a market, causing transactions to stall and sometimes freeze In addition, she explores how we might learn from today's situation and make long-term changes to our built environment to have a better understanding of the risks associated with the current but also future pandemics and other uncertainties including natural disasters or climate change The quotes were gathered by Jim Curtis, a student, friend and colleague of Dr Graaskamp from the late 1970s until his death in 1988 Through these quotes, the author explores the many facets of the complex nature of the real estate asset class particularly during these very uncertain times created by the global pandemic Design/methodology/approach: This is a thought piece on the current uncertainty surrounding real estate markets around the globe caused by the COVID 19 pandemic The author of this essay was also a student, friend and mentee of Jim Graaskamp's, so it is an oral history of her experiences with this well-known and iconic real estate educator and scholar Findings: As a discussion piece, this is not a traditional research project with empirical findings It is an exploration of the current uncertain times caused by the COVID 19 pandemic and its impact on real estate markets The author examines how the increased risk is currently, and will also continue to, significantly influence the fields of property investment and finance Practical implications: The James A Graaskamp Collection on Teaching Materials compiled by the Wisconsin Real Estate Alumni Association is not a widely recognized resource for real estate scholars and practitioners yet the two CDs contain a wealth of information and knowledge from an intelligent real estate expert Used as the base for the discussion, this paper sheds light on the teachings and writings of Dr Graaskamp It illustrates the usefulness of the materials for other researchers and educators In particular, it highlights Graaskamp focus on risk management and mitigation which he strongly believed were essential skills to understanding the complicated nature of a real estate investment and for making good investment decisions, particularly when markets are full of uncertainty as is the case during these current times of the global COVID 19 pandemic Originality/value: As one of only a handful of living and still practicing doctoral students of Professor Graaskamp, the author has a unique perspective and lens to attempt to interpret the quotes of this real estate expert He was a leader in real estate education, particularly as it pertains to real estate valuation, feasibility and investment, and this essay draws out some of his more important lessons from his pithy and often humorous quotes © 2020, Emerald Publishing Limited
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来源期刊
CiteScore
3.50
自引率
23.10%
发文量
33
期刊介绍: Fully refereed papers on practice and methodology in the UK, continental Western Europe, emerging markets of Eastern Europe, China, Australasia, Africa and the USA, in the following areas: ■Academic papers on the latest research, thinking and developments ■Law reports assessing new legislation ■Market data for a comprehensive review of current research ■Practice papers - a forum for the exchange of ideas and experiences
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