Lecture 2 Flashcards
1
Q
Early Subdividers
A
Rejected any form of modern planning
2
Q
Early Planning Three Basic Elements
A
Co-ordination
Design and Engineering
Control
3
Q
Planning as a non market intervention
A
Certain aspects of the
market are suspended and replaced by central direction for the common good.
4
Q
The forth dimension to real estate development
A
Time - Converting space time to money - time units
5
Q
Downsides to real estate
A
Poor cash flows
Fixed location
Investment has limited life cycle of around 50 years
Tastes in building and design can change over life cycle