Evaluate, decide, and defend (the economics) an initial proposal for a real estate development in the fictitious
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Question:
Evaluate, decide, and defend (the economics) an initial proposal for a real estate development in the fictitious city of Veintetrento in the new state of Nockamote located a short walk from the metro area’s urban core. You must choose between the following options: single-family residential owner-occupied, multi-family residential for lease, or single-family residential for lease. Some relevant demographics and descriptive details include the following:
- MSA's population of 4.5 million
- City population of 57,000
- Bachelor's degree or higher is 75 percent of the population over the age of 25
- The median value of owner-occupied housing is $1.15 million
- The owner-occupied housing rate is 37.5 percent
- The median household income is $114,000
- Population per square mile is 8,710
- Persons under 5 years old is 3.5 percent
- Persons over 65 years old is 14.5 percent
- Median gross rent is $2,470 per month
- Civilian labor force participation is 68.9 percent
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ISBN: 978-1133939153
9th edition
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
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