Join our community of smart investors
OPINION

Getting what you pay for

Getting what you pay for
September 30, 2014
Getting what you pay for

To see why, just ask: what sort of returns should we need on housing? Economists have an equation to answer this. It says that required returns should be the product of four things:

â–  Our risk aversion. The more we hate risk, the higher are the returns we need on risky assets if we are to hold them.

This is subscriber only content
Start your trial to keep reading
PRINT AND DIGITAL trial

Get 12 weeks for £12
  • Essential access to the website and app
  • Magazine delivered every week
  • Investment ideas, tools and analysis
Have an account? Sign in