Private sector commercial property represents some #400 bn, or 34% of total UK business assets and is a vital fabric for housing commercial enterprise. Yet social and economic forces for change, linked with new technology, are making owners and occupiers question the very nature and purpose of property and real estate.
After decades of what felt like infinite resources and vast wealth pools available to fuel the consumption-based U.S. economy, we now face a mindset of shortage. We all know the history--government-supported mortgages and freeways, affordable automobiles, cheap gas, and post-World War II industrial expansion all underwrote the exodus from "cramped" urban neighborhoods to spacious single-family suburban homes. Car models were a talisman for individual success, and public transit turned into an afterthought in suburban agglomerations. Proximity to anything didn't matter when you could drive easily to almost everywhere. And exhilarating mobility over long distances enabled more people to own more land--and build larger houses--at the ever-expanding suburban fringe. Employers sought to build suburban office islands, set apart from housing, retail, and transit. That's over. What's next?
Based on the work of Karl "Chip" Case, who is renowned for his scientific contributions to the economics of housing and public policy, this is a must read during a time of restructuring our nation's system of housing finance.
Why are house prices in many advanced economies rising faster than incomes? Why isn’t land and location taught or seen as important in modern economics? What is the relationship between the financial system and land? In this accessible but provocative guide to the economics of land and housing, the authors reveal how many of the key challenges facing modern economies - including housing crises, financial instability and growing inequalities - are intimately tied to the land economy. Looking at the ways in which discussions of land have been routinely excluded from both housing policy and economic theory, the authors show that in order to tackle these increasingly pressing issues a major rethink by both politicians and economists is required.
The New Masters of Real Estate is a collective MasterMind effort of America's leading real estate experts teaching their best strategies on how to profit from real estate in the new economy. From how to find the right properties and tie them up with no money down, all the way to marketing and selling properties to cash in on current opportunities, this book will teach you the secrets you need to know (including pitfalls to avoid). The book taps the minds of twenty-four leading experts who have figured out how to profit from real estate in the new economy. Your newfound knowledge gained from this book will allow you to intelligently shift your money to your most effective investing options, discard wasted strategies that don't produce, and show you how to increase your profits on the real estate in which you invest. About the Author Ron LeGrand, Caitie Yue, Donna and John MacNeil, Eddie Miller, Robert and Elizabeth Lisk, Dr. Grant Kilpatrick, Jay Conner, Jim Zaspel, Stephanie and Jon Iannotti, Lisa Donner, Matt and Richard McLean, Nathan Witt, Philip Blackett, Brian T. Evans, Jr., Brian Snyder, Christine Brown, CPA, Rick Donner, CPA, Ricky Strain, Tom Burtness and Troy Singer.
With the subject poised to occupy an important niche in B-school curricula, this path-breaking book, rich in textual detail, draws on a wealth of practical examples to illustrate the basics as well as the finer points of crucial decision making situations in the real estate business, such as: v Creating viable alternatives as substitutes for saturated markets.v Customizing products and services to meet the demand of new markets.v How to reach the customer in the best possible manner.v Pricing strategies that are irresistible. v Defining distribution channels to capture latent customer needs.This book will be an invaluable resource for students, faculty, as well as practitioners of real estate business.
The financial deregulation of the last quarter century has meantlarge flows of funds around the world seeking the highestrisk-adjusted return for investors. Real estate is now establishedas an important asset class and advances in information technologyprovide the necessary tools to complement global developments inreal estate finance and investment. A variety of investment vehicles have emerged, andReal EstateFinance in the New Economy examines these along withfinancing and risk in the context of globalization, deregulationand an increasingly integrated international world economy byexploring questions like: How have real estate financial structures evolved as economiesgrow and become internationalised? What role do economic change and financial systems play in thedevelopment of real estate investment? Are the risks associated with the ‘new economy’really new? What is the future direction for real estate financing? The authors develop an economic framework for discussions onindividual financial products to examine how real estate financialstructures change with economic growth and internationalisation andalso to show how developments in real estate finance impacteconomic growth.
This Second Edition arms real estate professionals with a comprehensive approach to the economic factors that both define and affect modern urban areas. The text considers the economics of cities as a whole, instead of separating them. Emphasis is placed on economic theory and empirical studies that are based in economic theory. The book also explores the policy lessons that can be drawn from the use of economics to understand urban areas. Real estate professionals will find new coverage of urban areas around the world to provide a global perspective.
New Economic Thinking and Real Estate offers a modern and distinctive approach to forecasting and understanding property markets. With this book, students will develop an intuitive ability to interpret economic indicators and acquire the confidence to assess property markets. The book is divided into three parts: Part A: Resource choices - deals with microeconomics; Part B: Financial Systems - seeks to make sense of the macroeconomic scene and Part C: Measuring and Forecasting.
Prepare for doing business in the new economy with REAL ESTATE PRINCIPLES FOR THE NEW ECONOMY and its accompanying CD-ROM! Designed to help you understand real estate from a global perspective, this real estate text covers the fundamentals necessary to understand economy while providing you with the tools you need to succeed. Take advantage of the supplemental CD-ROM that provides you with professional-grade spreadsheets and tools such as chapter study reviews that allow you to practice the fundamentals. Mortgage math problems, career advice, and PowerPoint review slides make studying easy.