Replacement Cost

topic on 1 show · 3 statements across 3 episodes

Capital Allocators

3 statements about Replacement Cost, every show

CAPITAL ALLOCATORS Assertion Supported
Hochfelder: Real estate trades below replacement cost for first time since GFC
“This is the first time since the GFC where we're seeing real estate values trading consistently below replacement cost.”
Lauren Hochfelder Jul 30, 2026 ▶ 40:35 Building Durable Real Estate Portfolios at Morgan Stanley – Lauren Hochfelder (EP.514)
Sternlicht: Real estate investors should sell when asset prices reach replacement cost
“One of the rules of real estate is when prices get to replacement costs, you should sell, because when the prices get that high, new construction begins”
Barry Sternlicht Oct 4, 2021 ▶ 9:58 Barry Sternlicht – Masterclass in Real Estate in a Post-COVID World (Capital Allocators, EP.216)
Inker: Replacement cost, not historical cost, should drive asset pricing
“The way to have a simple way of determining, is this a fair price or not? It doesn't matter what you paid. It doesn't matter what you will pay tomorrow. It is, what is the replacement cost of this thing? And the replacement cost should drive price.”
Ben Inker Mar 30, 2020 ▶ 11:04 Ben Inker – Value Investing at GMO (First Meeting, EP.17)

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