The struggle for the right to housing is a battle over property rights and land use. For housing to be provided as a human need, land must be recognised as a common right. Property, Planning and Protest is a compelling new investigation into public opposition to housing and real estate development. Its innovative materialist approach is grounded in the political economy of land value and it recognises conflict between communities and real estate capital as a struggle over land and property rights. Property, Planning and Protest is about a social movement struggling for democratic representation in land use decisions. The amenity groups it describes champion a democratic plan-led system that allocates land for social and environmental goals. Situating this movement in a history of land reform and common rights, this book sets out a persuasive new vision of democratic planning and contributes a powerful insight into the global affordability crisis in housing.

LONGLISTED FOR THE 2019 NATIONAL BOOK AWARD By the late 1960s and early 1970s, reeling from a wave of urban uprisings, politicians finally worked to end the practice of redlining. Reasoning that the turbulence could be calmed by turning Black city-dwellers into homeowners, they passed the Housing and Urban Development Act of 1968, and set about establishing policies to induce mortgage lenders and the real estate industry to treat Black homebuyers equally. The disaster that ensued revealed that racist exclusion had not been eradicated, but rather transmuted into a new phenomenon of predatory inclusion. Race for Profit uncovers how exploitative real estate practices continued well after housing discrimination was banned. The same racist structures and individuals remained intact after redlining's end, and close relationships between regulators and the industry created incentives to ignore improprieties. Meanwhile, new policies meant to encourage low-income homeownership created new methods to exploit Black homeowners. The federal government guaranteed urban mortgages in an attempt to overcome resistance to lending to Black buyers - as if unprofitability, rather than racism, was the cause of housing segregation. Bankers, investors, and real estate agents took advantage of the perverse incentives, targeting the Black women most likely to fail to keep up their home payments and slip into foreclosure, multiplying their profits. As a result, by the end of the 1970s, the nation's first programs to encourage Black homeownership ended with tens of thousands of foreclosures in Black communities across the country. The push to uplift Black homeownership had descended into a goldmine for realtors and mortgage lenders, and a ready-made cudgel for the champions of deregulation to wield against government intervention of any kind. Narrating the story of a sea-change in housing policy and its dire impact on African Americans, Race for Profit reveals how the urban core was transformed into a new frontier of cynical extraction.

Periodic worldwide economic turmoil over the last few decades has created an environment in which the degree of risk of investment assets is now an important factor in their evaluation. Real Estate Investment: A Capital Market Approach is the first text to examine the effect of such changes on real estate markets, taking an in-depth look at three major areas of financial and economic importance within the real estate profession: * The time value of money and the valuation of cash flows * Risk and return in real estate * Portfolio management Real Estate Investment: A Capital Market Approach is aimed primarily at students on both undergraduate and postgraduate courses in property investment or finance and MBA real estate specialists. The text is also of interest to fund managers, property researchers and professional investment valuers.

First book explaining how to become a Chartered Surveyor Clear guidance on how to understand the requirements of the RICS for the APC and AssocRICS assessments from an experience APC assessor and training consultant Candidates are often willing to spend large sums on training courses; this book represents a great value tool for those that cannot afford a training course

This study presents recent findings on home-ownership in the 1990s. It examines economic and social issues central to the housing market and provides an analysis of "winners" and "losers": those who gained financially and those who became victims of negative equity. Covering the postwar period the authors trace developments in the housing market in relation to class, race, gender and income with special reference to the growth and evolution of home-ownership since the Second World War; the sale of council houses; the role of government in encouraging home-ownership; and changes in bank and building society lending in the 1970s and 1980s and the consequences. This accessible volume should appeal to undergraduates of urban planning, human geography, social policy and applied economics but should also be of interest and value to policy makers.

This new text provides a rigorous analysis of real estate markets. It goes beyond the often descriptive nature of much property market analysis to focus on important theoretical principles. The book is divided into three main sections, covering:
* microeconomics of property markets
* the macroeconomics of commercial property
* the financial economics of property
Empirical examples drawn from around the world clearly illustrate the theories and issues discussed. Throughout, the emphasis is on making an often complex area as accessible and readable as possible, with each chapter containing a boxed summary and questions for self-testing or discussion.

This book presents an overview of private rented housing in selected new EU member states and other transition countries - a topic scarcely researched to date, as it is largely part of the informal economy, and consequently often invisible to official statistics. Part I presents the private rented sector in Western and Northern European countries, the history of private renting under socialism in Central and Eastern Europe, and thematic issues such as restitution and marginalized groups depending on privately rented housing. Part II provides a series of country case studies from the Central and East European region. Part III concludes with chapters on the possibility of utilizing the private rental sector in affordable housing provision through good practices in both old and new EU member states, and sets out to further the housing policy debate on European housing regimes. This unique edited collection will be of great value to scholars of and practitioners involved in housing policy and economics, urban development, international relations, politics, economics and sociology.

ethics." Certainly our industry is bound by the formal constraints of law in national, state, and local jurisdictions. What this volume reminds us, however, is that those laws are only as good as the personal "sea of ethics" in which each of us operates. THE ETHICS OF PROPERTY INVOLVEMENTS Stephen E. Roulac The Roulac Group San Rafael, California and Visiting Professor University of Ulster Ethical considerations are a dominant theme in the management literature. As "Ethics and ethical issues surround our liver, ... ethics has become one of the most rapidly growing areas of management research, with over 800 articles and 1,400 books appearing since 1990" (Schminke, Ambrose, and Miles, 1998). Compared to business and business management, however, the research and writing on real estate in an ethics context is in the very early stages of development. The lack of a developed literature on ethics in real estate is reflected in the response by one highly placed executive to my solicitation for funding to support the publication of this volume: "I didn't know there were any ethics in real estate " Fortunately, the Summa Corporation and the Amer ican Real Estate Society believe in the importance of ethics in real estate, for their cosponsorship has made possible this special monograph on the subject of Ethics in Real Estate. The support of the Summa Corporation and the American Real Estate Society of this pioneering volume is warmly and appreciatively acknowledged."

Today's property and mortgage markets offer some of the most advantageous opportunities of any time in the recent past. This is one of the best times in history to implement a real estate investment strategy. In Big Profits from Small Properties, author Michael E. Heeney presents a step-by-step guide to creating financial independence, developing a lifetime income, and building personal net worth through real estate investing.

Drawing on Heeney's personal experience, this down-to-earth guide provides practical advice and specific strategies for investing in real estate. Heeney shows how anyone can build a steady, guaranteed income in real estate with a small amount of capital to realize substantial profit and shares information about how you can

create investment objectives and goals;

realize what type of income property works best;

negotiate for good prices and terms;

finance property buys a dozen different ways;

make improvements that provide for extraordinary returns;

buy, upgrade, and operate apartments;

handle tenants;

buy a single-family home;

implement money-saving tax strategies;

grow and protect an estate while avoiding the dangers of over expansion;

realize the keys to finding the right properties and motivated sellers; and

assemble a portfolio of excellent income producers.

Using the steps outlined in Big Profits from Small Properties, you can build a lifetime of income and wealth. Start succeeding today

This text explores the vexing problem of housing exclusion and the related financial fallout, which has come into sharp relief since the onset of the housing-led global credit crisis. The book looks at the dimensions of affordable housing finance, compares current policy approaches in the US, UK and Australia, and works towards solutions.

Increasing numbers of Americans are fleeing cities and suburbs for the small towns and open spaces that surround national and state parks, wildlife refuges, historic sites, and other public lands. With their scenic beauty and high quality of life, these "gateway communities" have become a magnet for those looking to escape the congestion and fast tempo of contemporary American society.Yet without savvy planning, gateway communities could easily meet the same fate as the suburban communities that were the promised land of an earlier generation. This volume can help prevent that from happening.The authors offer practical and proven lessons on how residents of gateway communities can protect their community's identity while stimulating a healthy economy and safeguarding nearby natural and historic resources. They describe economic development strategies, land-use planning processes, and conservation tools that communities from all over the country have found effective. Each strategy or process is explained with specific examples, and numerous profiles and case studies clearly demonstrate how different communities have coped with the challenges of growth and development. Among the cities profiled are Boulder, Colorado; Townsend and Pittman Center Tennessee; Gettysburg, Pennsylvania; Tyrrell County, North Carolina; Jackson Hole, Wyoming; Sanibel Island, Florida; Calvert County, Maryland; Tuscon, Arizona; and Mount Desert Island, Maine."Balancing Nature and Commerce in Gateway Communities" provides important lessons in how to preserve the character and integrity of communities and landscapes without sacrificing local economic well-being. It is an important resource for planners, developers, local officials, and concerned citizens working to retain the high quality of life and natural beauty of these cities and towns.

The urban waterfront is regarded as the frontier of contemporary urban development, easily attracting funding and drawing publicity. "City, Capital and Water" provides a detailed account of the redevelopment of urban waterfronts in major cities around the world including: London, Tokyo, Kobe, Osaka, Hong Kong, Sydney, Toronto, Dublin and Amsterdam. The range and depth of the case studies allow for an overview of the entire process--preliminary planning, approaches to financing, partnership agreements, and state sponsorship--and a discussion of the specifics of each case. Recent trends in urban waterfront redevelopment are discussed and analyzed, particularly the marginalization of planning, the effects of deregulation, economic globalization, and the manipulation of development processes by property and political interests.

The variability of valuation practice within Europe is perceived as a problem within the globalization of property. This edited textbook examines the practice of real estate valuation in selected countries in Europe. The focus is on countries with well developed real estate markets in which both international and indigenous investors are active. The book is aimed at real estate professionals, financiers, institutional advisers, property researchers and students who require a greater understanding of comparative property appraisal techniques applied across Europe.

This book provides a thorough overview of the European real estate Market. It evaluates the performance difference between countries and sectors, and what implications this has for optimal investment strategy within real estate asset classes.

This book has evolved from an interest in formalizing theories of real es tate financing and investment. While real estate has characteristics of illi quidity and heterogeneity, recent developments have created markets for financial claims on property assets. These financial claims render real es tate similar to other assets. These financial claims render real estate similar to other assets. Yet real estate markets retain degrees of ineffi ciency, suggesting possibilities for arbitrage opportunities. Such possi bilities are examined in the book. If sellers are prohibited by statute from transferring existing financing to buyers, they tend to hold properties longer when contract interest rates on loans exceed those prevailing in the market. Methods are required to account for and measure the quantity of mortgage equity arising from such favorable financing. Holders of mortgage backed securities face risks on both sides of interest rate movements. Should interest rates fall, debtors refinance. If interest rates rise, debtors do not refinance, and the holders of mortgage backed securities suffer capital losses. Hedging strategies are re quired. Mortgage warrants and option pricing mechanisms are discussed, and various equity unlocking mechanisms, such as collateralized mort gage obligations."

Due diligence is the bedrock of real estate deals, regardless of the volume of transaction. This book presents a comprehensive guide to understanding and implementing due diligence and making an accurate assessment of the risks. While this process has become a "no-brainer" for investment professionals, the market standard on this essential topic has not yet been laid out in a comprehensive form that covers all the major aspects of real estate due diligence: legal, tax, financial and technical issues. This book fulfils that need, and gives it a form that can be used for German, European, or even international transactions. Written in a reader-friendly fashion, the easily navigable chapters are organized into the four due diligence dimensions, with ample examples and key takeaways. Be they real estate investors, or a management students specializing in the asset class, this book is a core resource for anyone wanting to get to grips with due diligence.

One of the oldest policy debates in U.S. history concerns the allocation, use, and management of public lands, which currently comprise one-quarter of the United States. In this volume, Phillip O. Foss has assembled a selection of original research papers and interpretative essays from recognized authorities with a variety of philosophical orientations in order to present a well-rounded picture of today's views of public lands policy. Contributors describe and analyze the three major trends in lands management: preservation, conservation, and the environmental movement. Issues which have posed continuing problems throughout the history of public lands management are also examined, including the decision to retain or dispose, the establishment of grazing fees, the management of lands with interspersed ownership, the decision to employ centralized or decentralized management tactics, and the allocation of multiple or single use for the land.

The dramatic implosions of the centrally administered, non-democratic political systems in central and eastern Europe in the late 1980s have generated a body of research concerning the transition from public ownership, and the role of the market and other institutions in engendering good incentives for economic actors. The essays collected in this volume study property relations, their associated incentives and the consequent effects on welfare: the ubiquitous theme is that efficiency cannot be divorced from the distribution of productive assets.

This book, by adopting a property perspective, seeks to evaluate linkages between urban regeneration and the development-investment processes. The risk element in major development schemes can be high to both financiers and developers, and the cushioning of risk and more effective public-private sector partnerships are likely to set the agenda for regeneration mechanisms in Europe throughout the 1990s. In considering property investment and development, this book appraises existing initiatives, mechanisms and approaches to urban hierarchy. Only by evaluating current practice can a better understanding of the factors, including market behaviour and the impact of policy directions, be assessed. The opening of the book focuses upon the private sector, market forces, the role of the financial institutions and international property portfolios. Emphasis in the second part is placed upon the integration of regeneration, local economic development, and specifically the role of the public sector. Key issues include the impact of policy directions, and the ability of government to lever private sector monies and act as a facilitator of regeneration by creating the opportunity for developmen

This is a book for the Single Market Economy (SEM) and for the real estate professionals operating within it. With the rapidly increasing harmonization within Europe there is a need for the development of expertise in the handling of different national systems and the non-tariff barriers they present. This guide is designed to help professionals to develop this expertise. It offers more than a dictionary of specialist and technical terminology; there is a supplementary section giving longer translations of particularly tricky terms where more detailed information is needed. There are also sections on the real estate and planning systems in the different European countries, government and planning hierarchies and real estate associations throughout Europe. None of these are intended to be definitive guides, but simply highlight the key questions the real estate professional needs to be aware of and goes on to provide sources for further reading.

This text provides an account of urban land reform in China, which is unique in merging the existing socialist landowner system with market mechanisms. The book starts with a historical account of the land tenure system in China followed by discussions of the reform in the frameworks of law, administration and finance. Contrasting case studies of the Shanghai land system and of Hong Kong after the end of British rule illustrate the impact of land reform in China's transition.