Viewing college-town real estate as an investable asset class with outperformance during bear markets in housing
Abstract
College-town real estate is predicted to fare better in recessionary environments due to a constant demand for education as well as the economic stability provided by steady employment. Based on its distinctive demographics, the college-town real estate market is unique, specifically in comparison to alternate locales. In this paper, I investigate the performance of college-town residential real estate during recessionary periods in the economic cycle. I also test residential demographics and collegiate characteristics for significance to determine when college-town real estate will exhibit the most strength during economic downturns. I make the case that college-town real estate can be considered a separate, investable asset class.
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- OSU Dissertations [11222]