Working Paper #727
The Biggest Problem Facing Real Estate Today
Peter Linneman
Real estate values depend upon a strong and growing U.S. economy. Long-term economic growth is challenged by many things, but the biggest challenge is the downward spiral of our education system. This is not limited to grades K-12, but now infects our once-great university system. The absence of a culture of excellence has taken hold and will reduce long-term economic growth, hence real estate values.