REAL 1820 Lecture Notes - Lecture 2: Strip Mall, Industrial Park

• School: University of Guelph
• Department: Real Estate and Housing
• Course: REAL 1820
• Professor: Jian Zhao

Document Summary

Ch a ra c te ris tic s o f re a l es ta te. Bo th a co n s u m p tio n a n d in ve s tm e n t go o d. Cons umption good p roviding s e rvice s for fa milie s. Inve s tme nt good the s ingle la rge s t a s s e t for ma ny hous e holds. Fixe d loca tion no two home s s ha re the s a me s pot. Loca tion s pe cific goods a nd s e rvice s - a cce s s to jobs , ne ighbourhood qua lity, s chooling. Implica tions re a l e s ta te ma rke ts s e gme nte d a nd loca lize d. He te ro g e n e ity.