Almost named him Victor, which wouldn’t have worked out that well with the initials 😬 Good catch, dada
@paulpgp
#parentfailavoided
Thank you everyone for the kind words! ❤️
We just had a baby (I’m not posting pictures on social media) and we named him Daniel Anthony Gilbukh.
The fact that his initials are DAG is not lost on me 🤣
Excited for our paper with
@luismbcabral
to be published at JET! It started as my second year summer project and I’m very proud of what it evolved and developed into!
Luís Cabral and Stern PhD alumna Sonia Gilbukh
@sgil1122
develop dynamic equilibrium model of B2B pricing. Buyers search if and only if price increases, otherwise stay with same supplier ('business as usual'). Now forthcoming in JET.
We said goodbye to my dog Bayes today. I miss him very much. I feel strange publicly grieving to so many people but your nice words have been very comforting.
I read him this poem before he left and it meant a lot to me:
We have a two year old and are a few weeks away from welcoming our second baby. A time when a value of human life is felt deeper than ever before. Absolutely devastated by the news..
Still riding the high from giving an entire talk in Russian at
@MoscowStateUniv
! Thank you
@jlazarev
for the opportunity. It was so much fun and I appreciate all the feedback on my project.
Posted a new draft of a paper with
@sgil1122
: "Heterogeneous Real Estate Agents and the Housing Cycle"
In it, we document several interesting empirical facts about housing + RE agents, and use them to discuss aggregate liquidity of housing.
Thread👇🏼
** New data alert **
This week
@fhfa
will be releasing their national survey of mortgage originations (NSMO): representative sample of US mortgages (~25,000 obs), 2013-2016, very detailed information on borrower experience/characteristics, as well as loan performance over time.
Lots of different kind of swag.. 😏On a serious note, I am thrilled to be joining the refreshingly diverse community of strong leaders and educators at
@BaruchCollege
this year as an Assistant Professor of Real Estate!
#iamanadultnow
#orientationfatigue
"Housing and Mortgage Markets" featuring new and developing work by
@amit_fina
,
@sgil1122
, Egle Jakucionyte, and Mark Thibodeau discussed by Dan Ringo, Eric Smith,
@LaurenlambieH
, and Xudong An.
(3/4)
Was the faculty adviser to another team of talented Baruch students and they won 2nd place in the Monmouth Real Estate Case Competition today! So proud! 👏🏼👏🏼👏🏼
@BaruchCollege
@monmouthu
Thank you to
@DarianWoods
and
@theindicator
for inviting me to talk about my paper with
@paulgp
! There are too many real estate agents. If you hire one, find yourself a great one like Kaye Thompson.
The number of real estate agents shot up 7% over the last year. As housing inventory crashes, there are now more real estate agents than actual houses for sale in the US. Economist
@sgil1122
says this could be a problem.
#UseYourPrivilege
There are so many resources available for non-POC. If you don’t know where to start or are looking for more, here is a great list that my friend sent me:
@jim_savage_
1/2 Dave Backus at
@NYUSternEcon
was a mentor to all of the students in our program. He was inclusive (weekly happy hour for everyone interested), generous with his time (insisted on meeting every Monday for 5 minutes to brainstorm even though my work was in a different subfield)
Was so lucky to participate in the CeMent workshop this week! Thank you
@martha_j_bailey
for organizing and thanks to all the wonderful mentors for your wisdom and support.
Among many fascinating events, Baruch College is hosting a faculty workshop on correct pronunciation of Chinese and Chinese Heritage students' names!
#important
#Icare
New papers are fun to present! Thanks
@alinaarefeva
for your comments and
@ElliotAnenberg
for chairing a great session. And thanks
@paulgp
for the shoutout and for taking on parenting duty today.
Had a great time in Ottawa participating in a PhD conference with Ryan Kim,
@dargente05
, and Pavel Krivenko. Thank you Katya Kartashova for organizing and Bank of Canada for hosting us!
Oh, I retweeted my own tweet! In case you're interested in joining a vibrant community of New York City's real estate researchers, please please apply to be my colleague at Baruch College! Happy to chat you'd like to know more.
A reminder to be a good neighbor and buy your favorite candy (you’ll probably eat half of it, let’s face it) tonight on the way home ☺️ Also, have never done this in NY and appreciate any advice..
@paulgp
will miss you!
In case anyone is looking for last minute holiday gifts here are my top picks for boardgames related to real estate, housing, or urban planning.
🏆 Best game play: Suburbia
Plan, build, and develop a small town into a major metropolis.
@jim_savage_
@NYUSternEcon
2/2 never judging (when you’re on vacation, FORGET about work!), thoughtful (knew favorite sports teams etc.).. I miss him so much! ❤️
My team is looking for a summer intern. If you are a graduate student in economics (or related field) and your research relates to housing🏘️, please apply!
- Remote opportunity
- You will complete an original research project (could be part of your dissertation) using our data
Does anyone have / is willing to share county-level historical FHA and GSE loan limits for pre-2008 period (post 2008 can be found on the HUD website)?
@EmilyNix100
@C__Kronenberg
@lukestein
Same here. For numerical questions you can feed a formula to blackboard so the numbers/answers are randomized (you can automatically generate 100s of versions). My grade distribution was very close to what it was last time I taught in-person.
I raise my cup of tea to the best dad
@paulgp85
! To witness your bond with each of our bébés grow every day has been magic ❤️ We love you to infinity and beyond!
Here are Real Estate related competitions students (undergrads) can participate in:
1. Cornell International Real Estate Case Study Competition
2. Villanova Real Estate Challenge
3. NAIOP (for NJ/NY/CT)
@BrigitteMadrian
@paulgp
@drlisadcook
I agree! Same goes with names. A Joe can not be the hero of every problem. I spent at least a half hour researching names for my last exam..
A reminder that despite many technological innovations in this space, the home buying and selling process is influenced by many subjective decisions by agents, appraisers, and home buyers and sellers themselves.
I’ve learned so much from Krystle Cobran
@yourbravebox
. I can’t recommend her podcast more for invaluable lessons on race issues, leadership, and connection.
A dear friend from the CFR reached out to me about a fellowship opportunity geared towards business economists and economics professors who are interested in spending 6-9 months working at an international organization or in government.
@johnklopfer
@paulgp
@skominers
Pardon my lateness :) I would also suggest reading about the ongoing lawsuit on the buyer agent fee. Here's a good summary:
@reggieshuman
@AskTSA
It wasn’t even my flight! I went to AlItalia counter instead of Air Italy and they just happened to have a flight to Milan departing at exact same time and gave me some one else’s boarding pass😬
@jessiehandbury
@ProfFionasm
@Key_Z_E
Yes, definitely. I see NAR's goals as
#1
increase number of agents in the market (= maintain high commissions) and
#2
stay relevant for existing agents (= provide exclusive access to the MLSs).
Redfin threatens
#1
.
@AndraGhent
@AnthonyLeeZhang
@paulgp
My understanding from talking to agents is that Zestimate misses the mark a lot of the time especially if the market is changing fast or if properties for sale in the surrounding area are not great comps. I'm sure they will continue to improve.
@paulgp
@RobbPonti
I feel the same! :) The fixed commission phenomenon is what really sets this industry apart. Following this lawsuit to see if there's hope for a different "market standard":
@grantmlong
@OshratCarmiel
Interesting! I’m also wondering if the cupcake strategy is *actually* that effective into luring qualifying buyers willing to spend $10 million on a home.. Probably worth it for the foot traffic, though!
@arieldora
My favorite suits are from
@SUISTUDIO_
If the standard size with minor alterations doesn't fit, they also offer custom made suits that are very affordable.
@invariance
@luismbcabral
Thank you!!! Now that I have a tweet master
@paulgp
trapped at home with me and the baby, I might get some help writing up a thread about the paper :))
@DarianWoods
@gbenga_ajilore
I'm presenting a theory paper in an interesting session on Real Estate Intermediaries (10am today)
#ASSA2022
Also think you'd be really interested in the first paper here (3:45pm today, Household Finance |||):
#ASSA2022
@lukestein
@kandicekapinos
@leah_boustan
@IvanWerning
So hard to get representative data on FSBO! Anecdotal evidence suggests it's really hard to sell something unless you're in a place with a prominent FSBO platform like in Madison: . Keeping an eye for more recent studies.