Urban Real Estate Markets: Characteristics and Financing

By Ernest M. Fisher | Go to book overview

C H A P T E R 6
The Market for Investment in Fees -- Residential and Commercial

OWNERSHIP of estates in fee in rented land and improvements presents a different set of investment motives and market conditions from ownership for use and occupancy. The owner of the estate retains the right to receive rent and the right of reversion, but transfers to others, for the term of the lease, the rights of use and occupancy. Ownership becomes principally a means of investment. Unlike the market for estates that consist primarily of use and occupancy, the market for rental properties of the investment type is not local but frequently extends from one city to another and in some cases is international; in the last two decades it has tended, in general, to widen.1 It is increasingly an integral part of the general capital market and responds to those conditions and forces that influence the flow of capital from place to place and from one type of capital goods to another.2

The principal circumstances contributing to the flow of capital into this type of interest in land and improvements are the hope of a high rate of return and the thought of an attractive profit to be had from resale of the interest.3 Capital tends to flow from stagnant to growing areas, from better established areas to those more rapidly developing, from areas of excess savings to those deficient in savings, and from areas where real estate facilities are adequate to those where they are inadequate. Controls over the direction and flow of

____________________
1
A factor contributing to the widening of this market has been the enactment of state legislation authorizing the investment of life insurance company funds in rental land and improvements.
2
The unfamiliarity of investors with the technical aspects of all types of capital uses tends to create investor specialization. Thus, some capital specializes in investment in estates in fee in rented land and improvements. Nonetheless, capital flows into this field when prospects are high and is withdrawn when other investment uses become more attractive.
3
Emphasis placed on the latter may perhaps be taken as a measure of the "speculative" element in this type of investment.

-120-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
Urban Real Estate Markets: Characteristics and Financing
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
/ 186

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

    Already a member? Log in now.