Why location matters: the bid rent surface and theory of rent determination -- Land use regulation -- "Rules of thumb": threshold performance measures for real estate investment -- Fundamental real estate analysis -- Chance: risk in general -- Uncertainty: risk in real estate -- Tax deferred exchange -- Management problem -- Lender's dilemma -- Private lender -- Creative financing
Summary
Fiduciary responsibilities and related court-imposed liabilities have forced investors to assess market conditions beyond gut level, resulting in the development of sophisticated decision-making tools. Roger Brown's use of historical real estate data enables him to develop tools for gauging the impact of circumstances on relative risk. His application of higher level statistical modeling to various aspects of real estate makes this book an essential partner in real estate research. Offering tools to enhance decision-making for consumers and researchers in market economies of any country interested in land use and real estate investment, his book will improve real estate market efficiency. With property the world's biggest asset class, timely data on housing prices just got easier to find and use. *Excellent mixture of theory and application *Data and database analysis techniques are the first of their kind *CDROM contains pre-written code for data analysis tailored specifically to real estate settings
