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REAL ESTATE RELATED BUSINESS.
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Examines the effects of population growth on three areas.... More...
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Paper Abstract:
Examines the effects of population growth on three areas: Residential housing, land development, land reclamation. Demographics affect on types of housing. Infrastructure development for construction of residential construction, commercial facilities and industrial development. Pressures for land reclamation; need for usable land due to population increase in congested areas.

Paper Introduction:
EFFECTS OF POPULATION GROWTH ON REAL ESTATE-RELATED BUSINESS Introduction The effects of population growth spread throughout a society and its economy. Projected population growth for the United States, therefore, creates potential effects in a wide variety of industries and activities associated with the conduct of business (Davies 284). One area of business activity especially vulnerable to population change is real estate. Real estate accounts for a greater proportion of the total value of all assets in the United States than does any other single asset classification. Value in real estate is an objective factor; that is, it refers to market value (Allison and Brown 84). Market value is concerned with the present worth of future benefits predicated on assumptions with respect to rea

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Pressures for land reclamation provided by population increases mostfrequently derive from an increased demand for land usable for developmentactivities. The linking factor is the increase in demands for housingstimulated by the population growth. The activities of land developers initiateincreased business demand in the various activities that provide resourcesupport for land developers (Lee 92 ). F., and Brown, R. There exist specific requirements for suitable land tosupport each of these land uses. Land developmentactivities, in turn, prepare land suitable for housing, commercial, andindustrial purposes. Land Reclamation Land reclamation, as used in this examination, refers to landpreviously used in ways that left it unsuitable for further use because ofcontemporary health, safety, or environmental protection laws andregulations. Population growth leads to increased demand for residential housing.Depending upon the characteristics of the geographical areas whereconcentrations of population growth occur, meeting increased demands forresidential housing may involve an emphasis on (1) either single-family ormultiple-family dwellings, (2) a combination of single-family and multiple-family dwellings, (3) either low-rise or high-rise structures, or (4) acombination of low-rise or high-rise structures (Motavalli 3 ). Land Development Land development, as used in this examination, is a term that refersto preparation (infrastructure development) of land for the construction ofresidential, commercial, and industrial structures. One area of businessactivity especially vulnerable to population change is real estate. By financing roadimprovements, as opposed to mass transit improvements, a government maypromote to location in an area of higher income families, who are able toafford the higher transportation costs involved, and who would not likelyobject to an additional tax to provide for improved roads (Levy 91). The focus areas of thisexamination are (1) housing, (2) land development, and (3) landreclamation. Such land requires extensive work before it is ready tosupport preparatory work for further development. Census." Contemporary Review 279 (November 2 1): 284-29 .Kentor, J. "The Long Term Effects of Globalization on Income Inequality, Population Growth, and Economic Development." Social Problems 48 (November 2 1): 436-456.Lee, K. New York: McGraw-Hill Book Company, 2 .Motavalli, J. The demographic of population growth will affect other aspects of anincreased demand for housing. N. Multiple-family dwellings include everything from a duplexto high-rise apartment or condominium complexes. "Balancing Act." E 11 (November 2 ): 26-35.Romano, E. Population increases lead to increased demand for residentialconstruction, commercial facilities, and frequently for industrialdevelopment. M. The composition of the population of any given community is asignificant factor in the determination of the mix of the goods providedgoods in that community. Thus, the examination covers bothsingle-family and multiple-family dwellings, regardless of the ownership ofsuch dwellings - owner occupants, cooperative ownership, or renter-landlordrelationships. A failure to provide these additional services may detercontinued relocation to the area, thereby undermining the intent of theinitial efforts to attract new firms, households, and individuals (Levy94). The link is in the form of increased demand forsuitable land created by the population growth. Simply attracting new firms and households to an area, however, is notsufficient. Projected population growth for the United States, therefore,creates potential effects in a wide variety of industries and activitiesassociated with the conduct of business (Davies 284). Works CitedAllison, N. Once new residents have been attracted to an area, additionalservices - parks, recreation, and public safety, as examples - will becomenew demands. Encyclopedia of Real Estate Appraising. Housing The term housing, as used in this examination, refers to all types ofhousing used for residential purposes. Road improvements, as an example, may make itpossible for more people to locate in a specific area. A disproportionate increase in the elderlysegment of the population will lead to a greater demand for smaller unitslocated closer to health care services, shopping, and other socialservices. J. Such housing frequently will be single-family in character. Urban and Metropolitan Economics. This research examines effects associated with population growth onthree real estate-related business activities. 7th ed. In congested areas, the reclamation of damaged land or landused previously for purpose incompatible with current use demand mayprovide the best source of new land for development (Romano 32). "Searching for Sustainability in the New Century." Ecology Law Quarterly 27 (February 2 1): 913-925.Levy, J. "Living Smarter." Journal of Property Management 65 (January 2 ): 3 -35. Such housing frequently will be multi-family in character. Adisproportionate increase in the low-income segment of the population willlead to a greater demand for low-cost housing. These other considerations include (1)how the patterns of location evolve and change, (2) how the patterns oflocation are affected by government expenditures, taxes, and regulations,and (3) how the patterns of location affect the economic performance ofboth firms and households (Levy 85). Such housing typically willconsist of rental units and frequently will be multi-family in character.Population increases in middle-income and upper-income groups lead to agreater demand for higher quality housing in both single-family and multi-family configurations where the emphasis in both configurations tends to beon owner-occupied housing (Kentor 442). Population growth links directly to increase business activity relatedto real estate. Real estate accounts for a greater proportion of the total value ofall assets in the United States than does any other single assetclassification. Such land may be raw(unoccupied) land or it may be rezoned land that a developer will convertto other uses. While urban economics concerns the location patterns of households,firms, and other entities that locate in densely developed areas, it alsoencompasses other considerations. Value in real estate is an objective factor; that is, itrefers to market value (Allison and Brown 84). Market value is concernedwith the present worth of future benefits predicated on assumptions withrespect to real estate, a real estate transaction, and the parties to areal estate transaction. "The Political Consequences of the U.S. Reclamation work on landmay involve environmental restoration, the destruction of existingstructures and removal of existing structures, or some combination of suchactivities. Population growth links directly to increases in business activityrelated to real estate. effects of population growth on real estate-related business Introduction The effects of population growth spread throughout a society and itseconomy. Upper Saddle River, New Jersey: Prentice-Hall, Inc., 2 .Davies, P. Adisproportionate increase in families with young children will lead to agreater demand for larger units located closer to schools and recreationfacilities. Developers both acquire and develop landin response to such demands. Thus, adirect link exists between population growth and land reclamation incongested areas.

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