Condensed Chapter 3 Slides

Condensed Chapter 3 Slides - Chapter 3 Central Cities and...

Info iconThis preview shows pages 1–8. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 3 Central Cities and Regional Market Analysis “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Major Topics Why do cities exist? Why do cities of different sizes exist? What is a metropolitan statistical area? What are the primary causes of city growth, stability or decline? Possible prototypes for cities of the future “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Background image of page 2
Why is city growth and decline important? Understanding the causes will lead to better decisions of all types > 90% of the value of US real estate is in urban and urbanizing areas In the U.S., urban centers are very spread out “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Key Terms Central Cities M.S.A.: “Metropolitan Statistical Area” >50,000 people C.M.S.A.: “Consolidated M.S.A.” “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Background image of page 4
Urbanized Land U.S. Census Bureau ( www.census.gov ) recognizes, as of 1998: 340 MSAs in U.S.A., some of which are constituents of the 19 recognized CMSAs Almost 80% of all U.S. residents reside in urbanized MSAs MSAs constitute nearly 18% of total U.S. land area “Urbanized” Land actually makes up less than 5% of the land area of U.S. “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Essence of a “City” 1. A dense collection of inhabitants of relatively large population 2. Where none of the citizens make their living directly from agricultural activity 3. Where the social and economic relationships are relatively complex and hierarchical “Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner
Background image of page 6
“City-causing” phenomena 1.
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 8
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 20

Condensed Chapter 3 Slides - Chapter 3 Central Cities and...

This preview shows document pages 1 - 8. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online