Study on Amortization Time and Rationality in Real Estate Investment

被引：0
|
作者：
Li, Yancang [1 ]
Zhou, Shujing [1 ]
Suo, Juanjuan [1 ]
机构：
[1] Hebei Univ Engn, Coll Civil Engn, Handan 056038, Peoples R China
来源：
E-BUSINESS TECHNOLOGY AND STRATEGY | 2010年 / 113卷
关键词：
Real Estate; Amortization Time; GBM; Optimal Stopping Time Theory; Option Pricing Theory; OPTIONS;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Amortization time and rationality has been discussed a lot in real estate investment research. As the price of real estate is driven by Geometric Brown Motion (GBM), whether the mortgagors should amortize in advance has become a key issue in amortization time research. This paper presents a new method to solve the problem by using the optimal stopping time theory and option pricing theory models. We discuss the option value in amortizing decision based on this model. A simulation method is used to test this method.
引用
收藏
页码：75 / 85
页数：11
相关论文
共 50 条
  • [41] Real Estate Investment Trust (REIT)
    Selvam, Murugesan
    SMART-JOURNAL OF BUSINESS MANAGEMENT STUDIES, 2021, 17 (02) : VIII - IX
  • [42] INVESTMENT IN WAREHOUSING AND INDUSTRIAL REAL ESTATE
    不详
    GRADEVINAR, 2012, 64 (08): : 714 - 715
  • [43] Housing real estate investment allurement
    Ovsyannikova, TY
    KORUS 2003: 7TH KOREA-RUSSIA INTERNATIONAL SYMPOSIUM ON SCIENCE AND TECHNOLOGY, VOL 4, PROCEEDINGS: LIFE SCIENCE, BIOTECHNOLOGY, MEDICINE ENVIRONMENTAL TECHNOLOGY, ARCHITECTURE ENGINEERING EDUCATION SOCIAL SCIENCE, 2003, : 343 - 346
  • [44] REAL ESTATE OFFERS INVESTMENT OPPORTUNITY
    不详
    ILLINOIS MEDICAL JOURNAL, 1961, 119 (02): : 105 - &
  • [45] RESEARCH ON REAL-ESTATE INVESTMENT
    HENDERSHOTT, PH
    HAURIN, DR
    AREUEA JOURNAL-JOURNAL OF THE AMERICAN REAL ESTATE & URBAN ECONOMICS ASSOCIATION, 1990, 18 (04): : 369 - 375
  • [46] REAL ESTATE INVESTMENT - BEATON,WR
    GAITANIS, LA
    AMERICAN BUSINESS LAW JOURNAL, 1972, 10 (02) : 199 - 200
  • [47] Optimal Leverage in Real Estate Investment
    John F. Mcdonald
    The Journal of Real Estate Finance and Economics, 1999, 18 : 239 - 252
  • [48] Real Estate Investment Trusts (SOCIMIs)
    Del Carmen Garcia-Garnica, Maria
    Rojo-Alvarez-Manzaneda, Rafael
    EUROPEAN COMPANY LAW, 2011, 8 (04): : 145 - 151
  • [49] INVESTMENT CREDIT FOR COMMERCIAL REAL ESTATE
    FEINSCHR.R
    JOURNAL OF REAL ESTATE TAXATION, 1975, 2 (02): : 189 - 199
  • [50] REAL ESTATE INVESTMENT TRUSTS - OVERVIEW
    ALDRICH, KC
    BUSINESS LAWYER, 1972, 27 (04): : 1165 - 1176
12345