I'd be terribly interested in a link to the paper you mentioned. I've never seen anything credible which indicated real estate was as profitable as equities ove

I'd be terribly interested in a link to the paper you mentioned. I've never seen anything credible which indicated real estate was as profitable as equities over time (but I've been focused on the United States). I'm not sure how or why Case-Shiller would involve rent or imputed rent. Are you thinking more of commercial real estate?