Real Estate Investors, the Leverage Cycle, and the Housing Market Crisis
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The economic value of a
community is generally measured through such things
as residential real estate prices, taxing capacity, the
quality of public amenities, the value of nearby retail
services and the quality of human capital.
Assets grow and depreciate in value based on
individual and social actions, including the willingness
or ability of individuals, households, businesses
and governments to invest in and develop them.
Economically distressed communities have declining
asset values relative to more competitive places. This
decline follows investment logic: if a building has
deferred maintenance, its asset value declines relative
to similar buildings; if a work force...
Nội dung trích xuất từ tài liệu:
Real Estate Investors, the Leverage Cycle, and the Housing Market Crisis
Nội dung trích xuất từ tài liệu:
Real Estate Investors, the Leverage Cycle, and the Housing Market Crisis
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