Sven Damen @damensven.bsky.social · 05/02/2025📣 New paper alert: An Alpha in Affordable Housing? A collaboration with Matthijs Korevaar and Stijn Van Nieuwerburgh. We show that low-rent/low-income housing earns the highest returns for landlords in the US, Belgium and The Netherlands. Please share to convince my coauthors to join Bluesky :-) 191
Sven Damen @damensven.bsky.social · 05/02/2025This is a one-picture paper. Net rental yields and capital gain yields are both declining in rent levels. Total housing returns are 1.7% (Belgium), 3.6% (NL), and 3.9% (US) higher per year for the lowest than for the highest decile of rents. 110