Real Estate Investment Analysis: New Developments in Traditional Leverage Concepts
在回顾传统杠杆概念后，开发了财务无差异点模型和连续函数财务杠杆度公式，帮助投资者为特定房地产投资找到最优杠杆位置，并更深入理解风险、回报与杠杆的关系。
The advantages of utilizing leverage in real estate investments has received much attention in the past, but little guidance has been offered that shows the investor the most opportune leverage position for a given investment alternative. Traditional leverage concepts are explored in this article, prior to developing a financial indifference point model and a continuous‐function degree of financial leverage (DFL) formula. The indifference point and DFL as shown here are relatively simple to calculate and provide additional insights into risk, return and leverage concepts for real estate investments.