Question: ( 6 points, 3 * 2 ) Market efficiency: Recall the discussion we had in class about investing in real estate using a value vs

(6 points, 3*2) Market efficiency:
Recall the discussion we had in class about investing in real estate using a value vs. growth approach and the related research paper that was presented.
Do you believe that the research presented in class serves as an evidence of real estate market inefficiency? If so, why?
Do educated and informed investors rather operate in an efficient or inefficient market? Briefly explain.

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