{"product_id":"the-long-run-inflation-protection-from-homeownership-von-thomas-johannes-hutting","title":"The long-run inflation protection from homeownership","description":"\u003cp\u003eThe devaluation of money (inflation), influences the  wealth of any individual. Some streams of income,  like for example salaries, are protected against  inflation by a contract. Financial investments  however, are not. The risk of inflation is therefore  regarded as one of the main sources of systematic  investment risk on a national level, but  increasingly also on an international level.  In this study, the long-term inflation protection of  residential real estate compared to bonds and stocks  is investigated. The relation between the nominal  returns and both the expected and unexpected  inflation for sixteen member countries of the  Organization for Economic Cooperation and  Development (OECD) is examined. The unique dataset  which is available for this study, makes an  international comparison both possible and  meaningful. The results are especially useful for  professionals in real estate finance or investment,  but shed a light on the exposure of individual  households as wel.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783844313895\"\u003e\u003ch3\u003eAn international comparison of residential real estate, stocks and bonds\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783844313895","offer_id":39495923040349,"sku":"9783844313895","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/ca5afc91-d8a6-4dc3-b1f0-912b899967df.jpg?v=1775625431","url":"https:\/\/shop.autorenwelt.de\/products\/the-long-run-inflation-protection-from-homeownership-von-thomas-johannes-hutting","provider":"Autorenwelt Shop","version":"1.0","type":"link"}