2814826
Beschreibung
Mindmap von Eve Prouse, aktualisiert more than 1 year ago
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Erstellt von Eve Prouse
vor mehr als 9 Jahre
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Nature of Property
- Physical Characteristics
- 1. Land
- Shape, size, topography, views, exposure to sunlight, winds
- Soil richness & load bearing capacity
- Value depends on:
- Cost making land productive
- Profitability for intended use
- Cost of purchase in comparison
- Cost making land productive
- Shape, size, topography, views, exposure to sunlight, winds
- 2. Improvements
- 'to' & 'on' land --> value
- Controls & conformity
- Improvements should max. value
- 'to' & 'on' land --> value
- 1. Land
- Institutional Characterics
- Legal Rights
- Constraints & controls e.g. RMA
- Legal Rights
- Economic Characteristics
- Immobile/fixed
- Services' limited to geographic area
- Thin trading makes trends hard to spot
- Heterogeneous
- Large deposit
- Durability (permanence)
- Scarcity
- Uproductive alone
- Value is residual
- Immobile/fixed
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