Large‐Scale Buy‐to‐Rent Investors in the Single‐Family Housing Market: The Emergence of a New Asset Class

In 2012, several large firms began purchasing single‐family homes, creating large portfolios of rental property, and securitizing these investments in capital markets. We present the first systematic evidence on this new investor activity in order to shed light on the factors that have supported its emergence. Three key factors were the ample supply of property for sale, tight mortgage financing and a decrease in acquisition and managerial costs brought about by technological advances. In addition, we show that buy‐to‐rent investors appear to have supported house prices in the neighborhoods where they concentrated.     

Europe of regions in the 1980s: A critique of policies for tomorrow

This study is a critical contribution to the discussion on West European regional policies. Concepts which are outdated and give in to transient considerations are dismissed and a qualitatively different framework of three supra-national entities is offered, corresponding to the development of West European economies over the last three decades. The characteristics and potentials of these entities are described and contrasted with the existing pattern of thinking in the EEC planning institutions which fail to recognise the realism of these trends.