Posts Tagged ‘people-productivity’
Property Value Theory, Part 3: Places that Attract People
My Property Value Theory In urban settings the root value of all property is its attractiveness to human use, which I call “people-productivity“. This is different from resource-productivity, which is the basis for rural land values. There are two major things that attract people in a macro level: natural conditions (good weather, beautiful scenery, etc) [...]
Property Value Theory, Part 1: People-Productivity
Continuing from my earlier post on Transportation Theory, today I wanted to take a look at property values, and what creates value in land. Again, these are my own words, but are drawn from the extensive graduate research I did as well as my professional experience as a real estate consultant. [serialposts] Two Kinds of [...]