9789381385296 - Real Estate and Economy (1 Ergebnisse)

Contents Preface 1 Real estate appraisal 2 Real estate Bubble and countries 3 Real estate financing 4 Diamond-Dybvig model 5 Mortgage backed security and bond 6 Ecological economics and economist 7 Debt consolidation 8 Sortition and subsidiarity 9 Community Reinvestment Act 10 American recovery and Reinvestment Act of 2009 11 Subprime crisis impact timeline IndexThe need for appraisal arises from the heterogeneous nature of property as an investment class no two properties are identical and all properties differ from each other in their location which is one of the most important determinants of their value So there cannot exist a centralized Walrasian auction setting for the trading of property assets as there exists for trade in corporate stock The absence of a market based pricing mechanism determines the need for an expert appraisalvaluation of real estateproperty 272 pp.