Condensed Chapter 4 Slides

Condensed Chapter 4 Slides - Chapter 4 Urban Land Values,...

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“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Chapter 4 Urban Land Values, Transportation Costs Impact and the Urban Form
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“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Major Topics How transportation costs and productivity affect land values in a city Why and how a freely functional competitive land market will lead to land being used at its “highest and best use” The impact of population growth, transport nodes and regulation on land values and density The nature and cause of the major characteristics of the urban form of the typical American city, and how this form has been changing The nature of competition between central cities and suburbs for residents and business
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“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner The old Real Estate cliché Only three things matter in real estate: Maybe today it is Location Location Bandwidth LOCATION LOCATION LOCATION
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Urban Form Physical spatial characteristics of a city Size Population density Density variation in different parts A steep urban form with a central focus of intense land use and value A sprawled urban form with multiple focus points and more even land values. Value
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Condensed Chapter 4 Slides - Chapter 4 Urban Land Values,...

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