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Unformatted text preview: -PDV regarding utilities Comparing buildings: control for age, recent renovations, location, class, size, etc If energy star certified, LEED certified rent is 3% to 5% more If energy star/LEED certified, resale is 19% more Conclusion: no systematic evidence of increased rate of return (?) Kahns discussion: How do we explain the 19% resale value? Price of electricity is not constant over space. In areas with comparatively expensive energy, the Energy Star and LEED certifications should be more valuable to realtors. How to test for labeling effects? Observe density effects of conspicuous green consumption. Observe LEED vs. Energy Star to pick apart nuanced heterogeneity. Vulture: swooping in on failing assets now + cost of upkeep < income (#of rooms * rent per room) + (# * rent)/1+r +...
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This note was uploaded on 06/09/2010 for the course ENVIRON M155 taught by Professor Kahn&jura during the Fall '09 term at UCLA.
- Fall '09