Differences in private and public real estate return rates ๐
- Introduction is very difficult to follow: there is no clear research question.
- You should start with an anecdote from the press or current events that illustrates the societal relevance of your topic.
- You should define private and public real estate, and not provide details about proxies in the first paragraph of the introduction.
- You should explain the leading theories at to why we expect the same (or different) return rates for both assets.
- You could show a graph with a small footnote.
- There is very little focus in the introduction: Why these differences is a very broad question, and you should try to narrow it down to focus on specific, easy to understand explanations.
- The “independent variables” you mention are provided without context, e.g. leverage of who, of what?
- You need to introduce the topic in a much simpler, easier to understand way
Methodology ๐
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I think I understand the general idea, and, given data availability, I think it is feasible
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But the figure is largely superfluous and can be explained in words and a section about potential omitted variabels bias
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There is a lot I have to guess, because you have not written it down properly. How are you going to test for differences in returns and volatility?
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A lot of formulae you use have parameters without definition
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In this form, it is impossible to provide more extensive comments.