My research agenda centers on household finance, using quasi-experimental designs to better understand the financial calculus of households. My earlier papers examine the effect of changes in U.S. health policy on rent and mortgage delinquency rates and household savings decisions. A recent addition to this agenda analyzes the impact of commercial plasma markets on local demand for high-interest loans and consumption. Several of my other recent papers are on natural disasters. I have a paper exploring the allocation of Federal disaster assistance and the implications for bankruptcy rates. Another paper tests the impact of flooding on student higher education financing and investment decisions. I have two new papers related to the Marshall Fire in Colorado. One explores the determinants of homeowners insurance coverage limits and the drivers of widespread underinsurance for total loss events. The other paper studies the allocation of crowdfunded disaster aid through GoFundMe after the fire. I have two additional longer-term projects: one is focused on the household financial impact of mobile home park acquisitions and the other is an RCT that attempts to alter savings behavior.
MSBC 5610 - Real Estate Finance and Investment
Primary Instructor
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Fall 2019
The primary objectives of this course are to: (1) describe, analyze, and compare the features of residential mortgage loans, commercial mortgage loans, and commercial leases; (2) conduct income property investment analyses and develop the technical competence necessary to structure basic real estate transactions; (3) understand the operations and valuations of private equity funds and real estate investment trusts (REITs), and how real estate is securitized and sold to everyday investors.
REAL 4100 - Real Estate Finance and Investment Analysis
Primary Instructor
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Spring 2019 / Fall 2019 / Fall 2020 / Spring 2022 / Spring 2023 / Spring 2024
Covers: 1) traditional and alternative financing of residential and commercial real estate; 2) pro forma cash flows and valuation of income generating properties; 3) real estate decisions of non-real estate corporations; and 4) mortgage backed securities and real estate investment trusts (REITs).
