Examines factors affecting evaluation (land, modifications, location) and California real estate compared to the rest of the U.S.
Written in 1992; 1,800 words; 11 sources; $ 63.95
From the Paper:
"Real estate is defined as the "land and the improvements made to land, and the rights to use them" (Newton, et al., 1989, p. 15). Of the three factors of production (land, labor and capital), it is the most fixed: there is a finite amount of land available. Unlike labor, which changes as generations age, and capital, which changes with technology and innovation, land is indestructible. The land that sits beneath Manhattan is the same physical land which was purchased from the Indians, although the purposes for which the land is used, and the people using the land, have changed many times over since that purchase. This research examines the nature of real estate in general, and focuses on the differences felt between California real estate and real estate in the rest of the country.
In order to understand California real estate, it is ..."
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