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3 Cards in this Set
- Front
- Back
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Scarcity |
Means that the supply of real estate is limited there's no shortage of land for use however there frequently is not enough Insurgent popular areas to meet demand a term used by economists to describe a commodity with a fixed Supply such as real estate is inelastic |
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Modification |
Also called improvements stays that changes in a parcel of land affect its value the effect maybe either favorable or unfavorable |
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Permanence of investment |
Also called fixity means that investments in real estate or long-term because land is in Mobile investment and property becomes fixed it cannot be moved if the market becomes more favorable elsewhere |
