Condensed Chapter 10 Slides

Condensed Chapter 10 Slides - Chapter 10 Land Use Controls...

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“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Chapter 10 Land Use Controls and Property Taxes
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“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Major Topics Origin, purpose and types of local land use controls Uses and process of determining property taxation Impact of property taxes on property values American Disabilities Act Political and economic perspectives of land use controls Rationale and impact of subsidies to private developers Newer environmental regulations Federal government involvement in environmental regulation CERCLA and the superfund Environmental impact statement Sustainable development and Green Design
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“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Introduction Role of Government in Influencing Real Estate Markets 1. The inherent stewardship of public lands, to maintain and protect these lands for both current and future generations 2. The provision of infrastructure and public goods that benefit all local residents and visitors 3. The land use that affect, limit or influence private property owners or tenants
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“Real Estate Principles for the New Economy”: Norman G. Miller and David M. Geltner Balancing Land Use Controls vs. Market Freedom
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Economy”: Norman G. Miller and David M. Geltner Authority and Purposes of Regulating Real Estate Use Three primary rationales for government interference in real estate markets: 1. Markets are imperfect and market participants may be ignorant of facts that significantly affect their welfare 2. Every land use has the potential to generate externalities that may positively or negatively influence adjacent property values 3. Real Estate values may be enhanced with good land use planning
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Condensed Chapter 10 Slides - Chapter 10 Land Use Controls...

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