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Profs. Maggiori & Stroebel's research on real estate shows buyers' interest in the long-term future

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Excerpt from Forbes -- "Most Americans own their homes with freeholds–that is to say, the title lasts forever. Leaseholds in the UK and Singapore can last anywhere from a very short time to 999 years. If people didn’t care about the distant future, they should be indifferent as to whether they have a freehold and a, say, 200 year leasehold."

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