Die Grundsteuer ist Gegenstand langjahriger Reformdiskussionen. Ob sie sich daruber hinaus auch in den Immobilienpreisen kapitalisiert, wurde bislang nur unzureichend fur den deutschen Immobilienmarkt untersucht, wohingegen fur den US-amerikanischen Immobilienmarkt die Kapitalisierungsforschung weit aufgestellt ist. Fur die Immobilienmarkte Bremen und Niedersachsen wird jeweils eine Regressionsanalyse durchgefuhrt, um zu uberprufen, ob sich oeffentliche Leistungen und Grundsteuerbelastung in den Immobilienwerten kapitalisieren. Weiterhin dienen das Governance-Konzept und die Neue Institutionenoekonomik als erweiterte Analyseinstrumente des Kapitalisierungsprozesses im Hinblick auf Dynamiken von Akteuren und Institutionen sowie auf Reformauswirkungen.

This is a reprint of a 1987 book * It is to be hand scanned, so as not to destroy the text or cover, and returned to Beard Books. The book deals with the evolution of real estate development in the United States, focusing on the rise of planned communities common in the American suburbs since the 1940s.

Packed with innovative tools, anecdotal stories, and actionable insight, The No Quitters Guide to Investing in Real Estate and Living and Extraordinary Life places Nathan Brooks' real estate knowledge in the hands of anyone seeking to build their real estate portfolio, create a comprehensive 3-year plan, and expand their long-term goals. The No Quitters Guide to Investing in Real Estate and Living and Extraordinary Life is written by a seasoned and industry-proven, multi-million dollar investor. With over 15 years of vetted real estate investing experience, Nathan Brooks faced bankruptcy in 2008 only to reboot his real estate investing career from scratch and build a highly-profitable, fast-growing, 8-figure real estate portfolio with an Inc. 5000 company. His money-making real estate investment strategies have been tested by the market and are ready to be put into immediate action. Nathan Brooks understands the importance of cultivating financial security within the real estate market, which is why The No Quitters Guide to Investing in Real Estate and Living and Extraordinary Life is not "just another real estate resource." Readers looking to learn the realities of working in real estate won't be fed basic, regurgitated real estate strategies and terminology; instead, they will be challenged to dig deep within themselves and wrestle with the hard questions of what they truly want from their lives, and whether real estate investing can help them achieve it. For real estate investors looking for the right investment strategies and tactics to reach their goals-without losing money-The No Quitters Guide to Investing in Real Estate and Living and Extraordinary Life is the guide that can cultivate that vision.

Praxisnahe Forschungsarbeit, die sich mit den Potenzialen der Holzhybridbauweise fur die Immobilienentwicklung beschaftig. Dabei werden sowohl die Aspekte der Holzhybridbauweise im Kontext der Nachhalitigkeit beleuchtet, als auch im Rahmen von Experteninterviews die Chancen und Herausforderungen erfragt und ausgewertet. Ein konzeptionller Vergleich der oekologischen Auwirkungen der Holzhybridbauweise mit anderen Bauweisen und eine Wirtschaftlichkeitsanalyse dieser Bauweise runden das Werk ab und geben dem Leser umfassendes Wissen zur Konzeption von Immobilien in Holzhybridbauweise an die Hand.

How is it that in the twentieth century virtually all Americans came to think of themselves as "middle class"? In this cultural history of real estate brokerage, Jeffrey M. Hornstein argues that the rise of the Realtors as dealers in both domestic space and the ideology of home ownership provides tremendous insight into this critical question. At the dawn of the twentieth century, a group of prominent real estate brokers attempted to transform their occupation into a profession. Drawing on traditional notions of the learned professions, they developed a new identity-the professional entrepreneur-and a brand name, "Realtor." The Realtors worked doggedly to make home ownership a central element of what became known as the "American dream." Hornstein analyzes the internal evolution of the occupation, particularly the gender dynamics culminating in the rise of women brokers to predominance after the Second World War. At the same time, he examines the ways organized real estate brokers influenced American housing policy throughout the century.Hornstein draws on trade journals, government documents on housing policy, material from the archives of the National Association of Realtors and local real estate boards, demographic data, and fictional accounts of real estate agents. He chronicles the early efforts of real estate brokers to establish their profession by creating local and national boards, business practices, ethical codes, and educational programs and by working to influence laws from local zoning ordinances to national housing policy. A rich and original work of American history, A Nation of Realtors (R) illuminates class, gender, and business through a look at the development of a profession and its enormously successful effort to make the owner-occupied, single-family home a key element of twentieth-century American identity.

Dieses Buch prasentiert die Ergebnisse einer empirischen Studie, die in Kooperation mit dem Schweizerischen Pensionskassenverband durchgefuhrt wurde, zu direkten und indirekten Immobilienanlagen im Inland und Ausland sowie zu Investitionen in Infrastruktur. Die Diskussionen um die Integration des Themenbereichs "Nachhaltigkeit" in Bereich des Immobilieninvestments resultieren in einer Anpassung der Investitionspraferenzen institutioneller Anleger. Bei dieser empirischen Forschungsarbeit werden die Primardaten mittels einer Erhebung bei institutionellen Investoren in der Schweiz erhoben u.a. bei Vorsorgeeinrichtungen, Versicherungen und Family Offices. Basierend auf einer statistischen Analyse werden Abhangigkeiten und Veranderungen in den Portfolios der Investoren und im Immobilienmarkt identifiziert und ferner konkrete Handlungsempfehlungen abgeleitet bzw. bisherigen Studiengerbnissen zielfuhrend gegenubergestellt. Anhand der Umfrage wird ein unvoreingenommener Einblick in die Zukunftserwartungen gewonnen und die Auswirkungen von nachhaltigen Investitionen auf die Immobilienanlagen eruiert. Folglich ist das Buch ein "Muss" fur alle an den Themenbereichen (direkte und indirekte) Immobilieninvestments, Nachhaltigkeit und Infrastruktur interessierten Personen.

This edition of The Handbook of Mortgage-Backed Securities, the first revision following the subprime mortgage crisis, is designed to provide not only the fundamentals of these securities and the investment characteristics that make them attractive to a broad range of investors, but also extensive coverage on the state-of-the-art strategies for capitalizing on the opportunities in this market. The book is intended for both the individual investor and the professional manager. The volume includes contributions from a wide range of experts most of whom have been actively involved in the evolution of the mortgage-backed securities market.

How American colonists laid the foundations of American capitalism with an economy built on credit Even before the United States became a country, laws prioritizing access to credit set colonial America apart from the rest of the world. Credit Nation examines how the drive to expand credit shaped property laws and legal institutions in the colonial and founding eras of the republic. In this major new history of early America, Claire Priest describes how the British Parliament departed from the customary ways that English law protected land and inheritance, enacting laws for the colonies that privileged creditors by defining land and slaves as commodities available to satisfy debts. Colonial governments, in turn, created local legal institutions that enabled people to further leverage their assets to obtain credit. Priest shows how loans backed with slaves as property fueled slavery from the colonial era through the Civil War, and that increased access to credit was key to the explosive growth of capitalism in nineteenth-century America. Credit Nation presents a new vision of American economic history, one where credit markets and liquidity were prioritized from the outset, where property rights and slaves became commodities for creditors' claims, and where legal institutions played a critical role in the Stamp Act crisis and other political episodes of the founding period.

Die alternde Gesellschaft und die sich verschiebende Altersstruktur haben mannigfaltige Auswirkungen auf die Entwicklung von Wohnformen und die Nachfrage nach Wohnraum. Die sich daraus ergebenden demografischen Risiken sind auch fur Immobilieninvestoren relevant. In 10 Buchbeitragen wird der Einfluss der Demografie auf das Wohnen und den Immobilienmarkt in verschiedenen Regionen der Welt aus unterschiedlichen Perspektiven beleuchtet und diskutiert. Durch eine steigende Lebenserwartung, eine stagnierende Zuwanderung und eine geringere Fertilitat hat sich die Altersstruktur weltweit verandert und wird sich weiter verandern. Wahrend sich der ganze Markt nur langsam bewegt, gibt es regional sehr ungleiche Entwicklungen. Es sind weiter groessere Veranderungen zwischen den Gemeinden aufgrund der Altersstruktur und der Wanderungssalden zu erwarten, was sich auch anhand der Miet- und Immobilienpreise zeigen wird. Beispiele aus Munchen und Ostdeutschland veranschaulichen diese Entwicklung und ein Exkurs nach Japan zeichnet unsere moegliche Zukunft vor.

Die vorliegende Arbeit untersucht zielgruppenspezifische und regionale Treiber und Hemmnisse nachhaltiger Wohnimmobilien bei der Miet- bzw. Kaufentscheidung von Mietern und Eigentumern. Zur Ergrundung der Thematik wird zunachst theoretisch erlautert, wie sich die Begriffe "Nachhaltigkeit", "nachhaltige Immobilie", "Region" und "Zielgruppe" definieren lassen und welche wichtigen Aspekte es dabei gibt. Auffallig und wichtig zu erwahnen ist z. B., dass der Begriff "nachhaltige Immobilie" keine feste Definition besitzt, sondern haufig unterschiedlich verstanden und definiert wird. Es werden die wichtigsten Nachhaltigkeitszertifizierungssysteme vorgestellt und analysiert, welche Forschungsarbeiten auf dem Feld der nachhaltigen Immobilie schon durchgefuhrt wurden, um Forschungslucken sowie Forschungsfragen zu identifizieren. Um die daraus abgeleiteten Forschungsfragen beantworten zu koennen, werden Daten von uber 400 Teilnehmern in einer empirischen Umfrage untersucht und ausgewertet. Aus den Ergebnissen der Empirie werden Persona-Konzepte abgeleitet, die z. B. Entscheidern in der Immobilienprojektentwicklung dazu dienen koennen, ihr Produkt nachhaltig und sinnvoll an den Kunden auszurichten.

Dieses Buch behandelt Grundlagen der Volkswirtschaftslehre mit Relevanz speziell fur die Wohnungs- und Immobilienwirtschaft. Warum ist ein dauerhaft niedriges Marktzinsniveau fur die Immobilienbranche schadlich? Warum wirkt die Mietpreisbremse kontraproduktiv? Derartige Fragen sollen durch den Stoff des geplanten Fach- und Lehrbuchs beantwortet werden koennen. Dazu reicht es nicht, immobilienoekonomisch Entwicklungen zu betrachten. Vielmehr ist ein Verstandnis von Markt- und Preismechanismen die Know how-Basis, um Marktentwicklungen antizipieren und Marktinterventionen in ihren Auswirkungen einschatzen zu koennen.

Dieses Buch schafft zum ersten Mal Transparenz und Verstandnis zum Thema Nachhaltigkeit und Digitalisierung in der deutschen Immobilienbranche. Hierbei handelt es sich um zwei Megatrends im Markt, die die kommenden Jahre, vielleicht sogar Jahrzehnte, bestimmen werden. Zum Ersten befindet sich die gesamte Immobilienwirtschaft in der digitalen Transformation und das betrifft den gesamten Lebenszyklus vom Planen uber das Bauen bis zum Betreiben. Das bedeutet nicht nur, dass sich Verfahren und Instrumente andern, sondern dass auch gesamte Geschaftsmodelle und Marktlogiken transformiert werden, so wie das bereits zum Teil radikal in anderen Branchen zuvor geschehen ist. Zum zweiten bestimmt Nachhaltigkeit immer mehr die Immobilienmarkte. Das liegt an mehreren Treibern. Die rechtlichen Vorgaben setzen hier immer anspruchsvollere Vorgaben, von der Nachfragerseite wachst das Bewusstsein um Nachhaltigkeit und wird dadurch zu einem bestimmenden Kriterium fur den Markterfolg und nicht zuletzt stellt Nachhaltigkeit in allen drei Phasen des Lebenszyklus - hier vor allem in der letzten Phase "Betreiben" - auch einen massiven Hebel bezuglich Kosten und Margen und damit ebenfalls fur den Geschaftserfolg dar. Dieses Buch leistet eine Bestandsaufnahme zur Durchdringung und Prasenz von Nachhaltigkeit im deutschen Immobilienmarkt und wagt Prognosen fur die weitere Entwicklung im Markt aufgrund empirischer quantitativer Analysen und qualitativer Tiefenerhebungen. Es gibt eine klare Anleitung, wie sich Unternehmen der Immobilienbranche dem Thema Nachhaltigkeit und Technologie nahern, indem Immobilien in digitale und hybride Subsets aufgeteilt werden, die in Bezug auf Nachhaltigkeit und wirtschaftliche Effizienz technologisch optimiert werden koennen. Andreas Moring und Christin Inholte stellen auch dar, was das fur die Geschaftsmodelle von Immobilienunternehmen bedeutet. Sie beantworten zudem die Frage, welche digitalen Technologien und Konzepte auf Nachhaltigkeit in allen Dimensionen (oekologisch, oekonomisch, sozial) in der Immobilienwirtschaft einzahlen und wie sie im Zuge der digitalen Transformation erfolgsentscheidend und gewinnbringend von Unternehmen genutzt und eingesetzt werden sollten. .

Cartulary of prosperous community of Byland, with lands in the North Riding of Yorkshire, Westmorland, and the south of Yorkshire and early interest in iron mining. The Cistercian community that finally settled at New Byland in Yorkshire had a turbulent start, fighting and feuding with neighbours, but after 1177 a more settled period followed, and Byland grew to enjoy considerable prosperitythrough the lands it acquired in the North Riding of Yorkshire, Westmorland, and in the south of Yorkshire where, with Rievaulx Abbey, Byland was instrumental in the development of iron mining. In the early years of the fifteenthcentury the monks of Byland compiled a cartulary, containing copies of their muniments. The current volume contains a full English calendar of the cartulary, with detailed notes on the documents. The cartulary copies are discussedin relation to the considerable number of original charters surviving from Byland, and antiquarian collections that contain copies of Byland documents no longer extant. The Introduction provides a detailed study of Byland's estates and economic activity, as well as its patrons and benefactors. JANET BURTON is Reader in Medieval History, University of Wales Lampeter.

What do you want for yourself in the next five, ten years? Do your plans involve marriage, kids, a new job? These are the questions a real estate agent might ask in an attempt to unearth information they can employ to complete a sale, which as Upsold shows, often results in upselling. In this book, sociologist Max Besbris shows how agents successfully upsell, inducing buyers to spend more than their initially stated price ceilings. His research reveals how face-to-face interactions influence buyers' ideas about which neighborhoods are desirable and which are less-worthy investments and how these preferences ultimately contribute to neighborhood inequality. Stratification defines cities in the contemporary United States. In an era marked by increasing income segregation, one of the main sources of this inequality is housing prices. A crucial part of wealth inequality, housing prices are also directly linked to the uneven distribution of resources across neighborhoods and to racial and ethnic segregation. Upsold shows how the interactions between real estate agents and buyers make or break neighborhood reputations and construct neighborhoods by price. Employing revealing ethnographic and quantitative housing data, Besbris outlines precisely how social influences come together during the sales process. In Upsold, we get a deep dive into the role that the interactions with sales agents play in buyers' decision-making and how neighborhoods are differentiated, valorized, and deemed to be worthy of a certain price.

The Right Phrase for Every Situation...Every Time

In our current real estate climate, it's more important than ever to have the right words at your fingertips. Whether you're new to the game or a seasoned seller, "Perfect Phrases for Real Estate Agents and Brokers" has just the right words and phrases you'll need to track down prospective properties and clients, manage transactions, negotiate terms, facilitate communications between buyer and seller, and close the deal. This easy-to-use, quick-reference guide gives you: Hundreds of quick, ready-to-use words and phrases Coverage of every situation you'll face, from meeting a new client to finalizing the sale Winning approaches that persuade prospects and generate sales Expertise from a top realtor educator and author

The challenges of establishing a successful and sustainable property tax in Latin American countries are numerous and varied, yet many jurisdictions are implementing viable reforms. Public officials responsible for its administration often face intense political pressure because the property tax is universal and highly visible. Public dissatisfaction arises because the property tax requires payment independent of a property transaction. Moreover, equitable property tax assessment depends on a variety of factors, including operational efficiency, technical expertise, available data, administrative capacity, and political will.
Certain conditions in Latin America compound these difficulties. Large disparities in income and wealth complicate the setting of equitable property tax rates, and as a result some municipalities are under-resourced to support efficient property tax collection. Limited access to data on property sales prices hampers accurate valuations, as does the great diversity in land tenure and occupation patterns in the region. An added difficulty is the distrust of public authorities by many taxpayers in view of weak governance and corruption.
Widespread informal land occupation also complicates matters. Excluding informal properties limits the universality of the tax and its ability to generate revenue, but including such properties requires significant efforts to update cadastral records (a comprehensive register of real property location, ownership and value). How residents of informal areas perceive the tax is another concern.
Reports on property tax revenues in Latin America are not consistent, the quality of the data is less than satisfactory, and collections vary greatly across jurisdictions and countries. The available evidence indicates that the property tax is of limited importance as a source of revenue to support local expenditures. As a result, it is easy to understand why using fees and charges instead of reforming the property tax might be less influenced by political factors, easier to administer, more efficient, and more capable of generating revenue.
Nevertheless, property taxation remains the best way to support local public expenditures for several reasons, including its familiarity to taxpayers, its progressivity relative to taxes on consumption, and the difficulty of tax avoidance. Indeed, a growing number of municipalities demonstrate the feasibility of operating efficient property tax systems. Based on their experiences, this report presents a comprehensive framework that could help overcome many of the traditional roadblocks to successful property taxation in Latin America. Recommended reforms focus on three areas: Fiscal policy, Tax policies, Assessment practices and collection procedures.

A front row seat into the world of high-stakes commercial real estate investing

" "A must-read book ... one of the best real estate investment books I have ever read. On my scale of 1 to 10, this unique book rates an off-the-charts 12." " ---Robert Bruss

"Confessions of a Real Estate Entrepreneur" is for the individual who is ready to get serious about investing. Not a rah-rah or get-rich-quick book, this book is for someone who is prepared to think about what he or she wants to accomplish. James Randel provides the how and why.

James Randel has been a successful investor and educator for 25 years. He teaches investing through stories and anecdotes - bringing to the limelight not just his successes (and there are some amazing stories of these) but also his mistakes. His candor is instructive and entertaining.

It is said that ""those who can, do, and those who can't, teach." "James Randel is a rare exception as he is both a highly successful investor as well as an excellent teacher. As said by Jeff Dunne, Vice Chairman of the largest real estate company in the world, CB Richard Ellis:

""I've tracked Jimmy's incredible run of successful real estate investments for 20 years and more recently invested very profitably with him. His new book is a must read for anyone interested in real estate investing.""

If you are tired of the ""same old, same old"" and prepared to play in the big leagues, this book is calling your name.