MarketWatch recently cited research from Stephen Malpezzi, professor of real estate and urban land economics at the Wisconsin School of Business, who studies domestic and foreign housing market behavior.
The articles examine the world’s “superrich” and their tendency to allocate a sizeable portion of their wealth into high-priced property. Professor Malpezzi’s work explains the common concern among high net-worth individuals with potential asset losses, as well as why acquiring such costly estates negates some of the adverse possibilities.
In "The world’s superrich now own $3 trillion in homes," Malpezzi says, "If I were a Russian oligarch, I’d be looking to buy a house in London."
To see the full article, visit the MarketWatch website.