On the waterfront : a 25 year study of the relative risk & return of Florida single-family waterfront and inland homes (1977-2002)
Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Architecture, 2003.
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Thesis |
| Language: | eng |
| Published: |
Massachusetts Institute of Technology
2006
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/1721.1/29779 |
| _version_ | 1826213510890127360 |
|---|---|
| author | Westin, Forrest A. (Forrest Alexander), 1977- |
| author2 | Henry O. Pollakowski. |
| author_facet | Henry O. Pollakowski. Westin, Forrest A. (Forrest Alexander), 1977- |
| author_sort | Westin, Forrest A. (Forrest Alexander), 1977- |
| collection | MIT |
| description | Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Architecture, 2003. |
| first_indexed | 2024-09-23T15:50:23Z |
| format | Thesis |
| id | mit-1721.1/29779 |
| institution | Massachusetts Institute of Technology |
| language | eng |
| last_indexed | 2024-09-23T15:50:23Z |
| publishDate | 2006 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/297792019-04-12T20:21:22Z On the waterfront : a 25 year study of the relative risk & return of Florida single-family waterfront and inland homes (1977-2002) Florida single-family waterfront and inland homes (1977-2002) Westin, Forrest A. (Forrest Alexander), 1977- Henry O. Pollakowski. Massachusetts Institute of Technology. Dept. of Architecture. Massachusetts Institute of Technology. Dept. of Architecture. Architecture. Thesis (S.M.)--Massachusetts Institute of Technology, Dept. of Architecture, 2003. Includes bibliographical references (leaves 118-119). This study applies the classic capital markets risk/return relationship-the riskier the investment, the greater the expected return-to the single-family home market. Treating coastal waterfront property as a unique asset class, its investment performance is measured and compared with that of inland property to determine the potential existence of a "mispricing" in the home market. Using single-family home transaction data from four coastal Florida counties, this thesis uses a repeat-sales regression technique to estimate annual home price changes and to construct home price indices for the period 1977-2002. The resulting price indices show a higher average annual appreciation rate for waterfront homes relative to inland homes; the highest waterfront price appreciation occurred over the period 1997-2002. The results also indicate that waterfront homes in two of the four study counties experienced higher average price appreciation at lower levels of risk than the inland homes. This finding indicates a potential "mispricing" of waterfront homes. by Forrest A. Westin. S.M. 2006-03-24T16:24:40Z 2006-03-24T16:24:40Z 2003 2003 Thesis http://hdl.handle.net/1721.1/29779 54760738 eng M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 119 leaves 4873822 bytes 4873630 bytes application/pdf application/pdf application/pdf n-us-fl Massachusetts Institute of Technology |
| spellingShingle | Architecture. Westin, Forrest A. (Forrest Alexander), 1977- On the waterfront : a 25 year study of the relative risk & return of Florida single-family waterfront and inland homes (1977-2002) |
| title | On the waterfront : a 25 year study of the relative risk & return of Florida single-family waterfront and inland homes (1977-2002) |
| title_full | On the waterfront : a 25 year study of the relative risk & return of Florida single-family waterfront and inland homes (1977-2002) |
| title_fullStr | On the waterfront : a 25 year study of the relative risk & return of Florida single-family waterfront and inland homes (1977-2002) |
| title_full_unstemmed | On the waterfront : a 25 year study of the relative risk & return of Florida single-family waterfront and inland homes (1977-2002) |
| title_short | On the waterfront : a 25 year study of the relative risk & return of Florida single-family waterfront and inland homes (1977-2002) |
| title_sort | on the waterfront a 25 year study of the relative risk return of florida single family waterfront and inland homes 1977 2002 |
| topic | Architecture. |
| url | http://hdl.handle.net/1721.1/29779 |
| work_keys_str_mv | AT westinforrestaforrestalexander1977 onthewaterfronta25yearstudyoftherelativeriskreturnoffloridasinglefamilywaterfrontandinlandhomes19772002 AT westinforrestaforrestalexander1977 floridasinglefamilywaterfrontandinlandhomes19772002 |