Lecture 2 Flashcards

1
Q

Early Subdividers

A

Rejected any form of modern planning

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2
Q

Early Planning Three Basic Elements

A

Co-ordination
Design and Engineering
Control

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3
Q

Planning as a non market intervention

A

Certain aspects of the

market are suspended and replaced by central direction for the common good.

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4
Q

The forth dimension to real estate development

A

Time - Converting space time to money - time units

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5
Q

Downsides to real estate

A

Poor cash flows
Fixed location
Investment has limited life cycle of around 50 years
Tastes in building and design can change over life cycle

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