Alex O. Williams thoroughly examines the nature and sources of mortgage portfolio risk, the analysis of that risk, and the methods for identifying and guarding against it. Following a discussion of regulation and the mortgage market, Williams describes the portfolio diversification approach to controlling risk in mortgage portfolios. He then examines four systems for analyzing portfolio risk: the regression method of mortgage risk analysis, the linear probability model, cohort analysis of delinquency risk, and a discriminant functional classification model used to measure default risk. He also develops a procedure for constructing an index of loan quality. Finally, Williams presents an exhaustive treatment of the financial evaluation of commercial and industrial properties. Presented in a clear, readable format, amply illustrated with explanatory tables and figures, this is an invaluable tool for mortgage officers and portfolio managers. It will also provide much useful information for real estate executives and brokers.

Originally published in 1992, Capital Mobilization and Regional Financial Markets, argues that barriers to financial flows within regions may be as important in affecting capital flows as interregional barriers. The book conjectures that regional markets allow efficient mobilization of local funds and develops an analytical framework to motivate an investigation of region financial development in the Pacific Coast states between 1850 and 1920.

A generation ago little attention was focused on low-income homeownership. Today homeownership rates among under-served groups, including low-income households and minorities, have risen to record levels. These groups are no longer at the margin of the housing market; they have benefited from more flexible underwriting standards and greater access to credit. However, there is still a racial/ethnic gap and the homeownership rates of minority and low-income households are still well below the national average. This volume gathers the observations of housing experts on low-income homeownership and its effects on households and communities. The book is divided into five chapters which focus on the following subjects: homeownership trends in the 1990s; overcoming borrower constraints; financial returns to low-income homeowners; low-income loan performance; and the socioeconomic impact of homeownership.

Framing a Domain brings new sociological focus to the work of women realtors. The book provides fascinating insights into why women choose to sell real estate and why they have come to dominate the profession. Based on in-depth interviews with women realtors, carried out through the 1990s, Carol Wharton's work places this white-collar service occupation within the larger context of women's lives. It offers a unique case study of the gendered practices that infuse the workplace, and the ways women negotiate these practices to successfully "weave" work with family obligations. Framing a Domain not only provides an excellent occupational study of residential real estate salespeople but contributes much to our understanding of gender and work in the late twentieth and early twenty-first centuries.

This exploration of the evolution of the commercial property investment and development markets from the mid-19th century explains how the current investment scene emerged. The author draws on private business records of institutional investors, major retailers, chartered surveyors and property developers and uses extensive case study material to focus on: factors influencing the growth of institution investment in property; evolution of commercial and industrial property markets; influence of the property investment market on the property; development industry and the wider economy; and factors influencing the physical development of office and shopping centres; and the political economy of the property development industry. The book also contains a statistical section which outlines the assembly of long-run historical series covering most aspects of the property investment market; a glossary of acronyms, abbreviations and technical terms; and a full further reading section.

Identifies and appraises public and private finance and investment mechanisms that deliver sustainable infrastructure investment globally, nationally and regionally Infrastructure investment will grow in the wake of the Covid 19 pandemic as governments seek to stimulate their economies

It has seemed at times that there is no neutral territory between those who see Bakhtin as the practitioner of a kind of neo-Marxist, or at least materialist, deconstruction and those who look at the same texts and see a defender of traditional, liberal humanist values and classical conceptions of order, a conservative in the true sense of the term. Arising from a conference under the same title held at Texas Tech University, Carnivalizing Difference seeks to explore the actual and possible relationships between Bakhtinian theory and cultural practice. The introduction explores the changing configurations of our understanding of Bakhtin's work in the context of recent theory and outlines how that understanding can inform, and be informed by, culture both ancient and modern. Eleven articles, spanning a wide range of periods and cultural forms, then address these issues in detail, revealing the ways in which Bakhtinian thought illuminates, sometimes obfuscates, but always challenges.

This volume investigates the use of mortgages in the European countryside between the thirteenth and eighteenth centuries. A mortgage allowed a loan to be secured with land or other property, and the practice has been linked to the transformation of the agrarian economy that paved the way for modern economic growth. Historians have viewed the mortgage both positively and negatively: on the one hand, it provided borrowers with opportunities for investment in agriculture; but equally, it exposed them to the risk of losing their mortgaged property. The case studies presented in this volume reveal the variety of forms that the mortgage took, and show how an intricate balance was struck between the interests of the borrower looking for funds, and those of the lender looking for security. It is argued that the character of mortgage law, and the nature of rights in land in operation in any given the place and period, determined the degree to which mortgages were employed. Over time, developments in these factors allowed increasing numbers of peasants to use mortgages more freely, and with a decreasing risk of expropriation. This volume will be appealing to academics and researchers interested in financial history, rural credit and debt, and the economic history of agrarian communities.

Economics and Property provides a clear and easy-to-read introduction to any property economics module in a degree leading to a profession in real estate, surveying, construction and related courses in the built environment. It focuses on the core principles to provide the economic background necessary to gain a thorough understanding of commercial and residential sectors and the related markets for development, construction and occupation of property. The fourth edition has been comprehensively updated to cover the concepts and methodological approach that property economists require to succeed in the twenty-first century. The text is characterised by an emphasis on understanding commercial and residential property markets, addressing current issues such as housing crises, modern methods of construction and the performance of green buildings. The text focuses on introducing: * core economic principles * the role and nature of government intervention * an understanding of the economic indicators used to assess property markets * ways to achieve the development of sustainable property. Key features include: * a clear, direct and user-friendly style * clear aims and objectives for each chapter * summaries at the end of each section * margin notes highlighting definitions, useful websites and background information * a glossary of terms commonly used in property economics * extensive use of full colour tables and figures * a set of case studies and tutorial readings focusing on the housing market * references to further reading.

This major study examines the increasing significance of inheritance for life in ordinary families. It considers questions of individual choice versus family responsibilities, the internal dynamics of families, and broader implications for social change. This book is intended for undergraduates and postgraduates on courses in the sociology of the family, social policy, gender studies and social anthropology, as well as students and researchers within socio-legal studies and family law.

This book by a distinguished academic and a professional economist from the World Bank clearly demonstrates the significant role played by the real estate sector in inducing the Asian crisis; the linkage of the real estate sector to the general economy; the causes of real estate booms and subsequent busts; and the economic costs of real estate price volatility. The book also includes suggestions for moderating such volatility in the future.

As corporations and governments become more litigious and risk averse, international risk management becomes more complex. Corporate Security in the Asia-Pacific Region: Crisis, Crime, Fraud, and Misconduct examines real cases of corporate crisis, crime, fraud, and other misconduct that corporate security professionals need to be aware of to effectively protect people, operations, and assets within the region. Current security threats and risks are addressed to help readers conduct an informed risk assessment and analysis of operational risk. Providing detailed guidance on how to address the unique threats and risks in this dynamic and growing business environment, the book: Presents an overview of the region, with relevant historical background Offers recent case examples of crime and common issues facing a given region or country Highlights the range and frequency of corporate security-related breaches and crimes specific to countries in the region Provides detailed write-ups of every country in the region including the major players-Japan, China, India, Indonesia, Singapore, Malaysia, Thailand, and the Philippines Outlines security best practices for navigating the political and law enforcement challenges involved with operating in the region This book provides readers with the regional snapshot and geo-political background needed to understand the cultural differences, challenges, and the state of affairs for any country in the region. Filled with detailed cases of crime, theft of trade secrets, risk factors, and best practices, this book provides the real-world understanding you'll need to conduct better-informed security management that will lead to improved decisions on how to protect your people and assets in the Asia-Pacific region.

This fully revised and updated edition of Construction Contracts: Questions and Answers includes 300 questions and incorporates 42 new judicial decisions, the JCT 2016 updates and the RIBA Building Contracts and Professional Services Contracts 2018 updates. Construction professionals of all kinds frequently need legal advice that is straightforward as well as authoritative and legally rigorous. Building on the success of previous editions, David Chappell continues to provide answers to real-world FAQs from his experience as consultant and Specialist Advisor to the RIBA. Questions range in content from extensions of time, liquidated damages and loss and/or expense to issues of practical completion, defects, valuation, certificates and payment, architects' instructions, adjudication and fees. Every question included has been asked of David Chappell during his career and his answers are authoritative but written as briefly and simply as possible. Legal language is avoided but legal cases are given to enable anyone interested to read more deeply into the reasoning behind the answers. This is not only a useful reference for architects, project managers, quantity surveyors and lawyers, but also a useful student resource to stimulate interesting discussions about real-world construction contract issues.

Studying institutional change regardless of whether it is focused on transitional or developing economies, is most fruitful when focused on its structuring of the means of production - land, labor and capital.
Developmental Dilemmas singles out land as an object of study and places it in the context of one of the world's largest and most populous countries undergoing institutional reform, the People's Republic of China. The book demonstrates that private property protected by law, the principle of 'getting-the-prices-right', and the emergence of effectively functioning markets are the outcome of a given society's historical development and institutional fabric. Peter Ho argues that the successful creation of new institutions hinges in part on choice and timing in relation to the particular constellation of societal, economic, political and cultural parameters. Disregarding these could result in rising inequality, bad land stewardship, and the eruption of land-related grievances.
With contributions from a leading team of specialists, this volume offers an authoritative and in-depth analysis of the main constraints in China's land administration; the potential sources of land disputes; the socio-economic impact of agricultural land, forest, and grassland policies; and the alternatives in land tenure that could lead to a socially acceptable, ecologically sustainable and economically viable land use. This volume will be of interest to students of development studies and contemporary China, and will address a wide readership of professionals interested in the economics of transition, legal anthropology, natural resource management, and gender and rural development.

This volume is a follow-up to the earlier "Urban Economics, Volume 2" of "Handbook of Regional and Urban Economics," edited by Edwin Mills. The earlier volume, published in 1987, focussed on urban economic theory. This new handbook, in contrast, focuses on applied urban research. The difference is of course in emphasis. The earlier volume was by no means entirely concerned with theoretical research and this one is by no means entirely concerned with applied research.

There have certainly been important theoretical developments during the last decade, and they are surveyed at appropriate places in this volume. However, there has been an outpouring of high quality applied research in urban economics, as in other specialties. The reasons for the rapid growth of applied research are not difficult to identify; improved theoretical frameworks within which to do applied research; improved econometric techniques and software; more and better data; and, probably most important, ever cheaper computing power, which is being ever more widely distributed within the research community, providing increasingly easy access to and analysis of, data.

Selection and classification of topics to include in this handbook has inevitably depended on the editors' perceptions of subjects on which important research has been undertaken. It has also depended on the availability of authors who were able and willing to write critical surveys of large amounts of international research. An attempt was made to include authors and have them survey research from a variety of countries. However, there is still a US bias in applied urban research, partly related to the availability of data and computers but also to the sheer size of the US research community.

For more information on the Handbooks in Economics series, please see our home page on http: //www.elsevier.nl/locate/hes

"An Ethnography of the Goodman Building vividly incorporates a wide variety of methods to tell the story of class struggle in a building, neighborhood, and city that is replicated globally. I read it as a number of boxes inside each other opened in the course of reading. Caldararo recounts the building's personal "biography" to convey not only the "facts about," but the "feelings about" the flesh and blood of the building and its surrounding neighborhood." -Jerome Krase, Brooklyn College of The City University of New York, USA "This unique contribution to the field of urban and regional studies counteracts current trends in the ethnographies of urban movements by offering, with great hindsight, an analysis from a physical space, and from first-hand experience. The focal point is one building, and the author is a former tenant. This perspective is appealing, especially in an era of global connections where macro social movements are on the front line of urban life and research." -Nathalie Boucher, Director and Researcher, Respire, and Affiliated Professor Assistant, Department of Sociology and Anthropology, Concordia University, Canada. Through in-depth analysis and narrative investigation of an actual building occupation, Niccolo Caldararo seeks to not only offer an historical account of the Goodman Building in San Francisco, but also focus on the active resistance tactics of its residents from the 1960s to the 1980s. Taking as its focal point the building itself, the volume weaves in and out of every life involved and the struggles that surround it-San Francisco's urban renewal, ethnic clearing, gentrification, and municipal governance at a time of booming urban growth. Caldararo, a tenant at the center of its strikes and activities, provides a unique perspective that counteracts current trends in ethnographies of urban movements by grounding its analysis in physical and tangible space.

This is a comprehensive book on infrastructure development and construction management. It is written keeping in mind the curricula of construction management programmes in India and abroad. It covers infrastructure development, the construction industry in India, financial analysis of the real estate industry in India, economic analysis of projects, tendering and bidding, contracts and contract management, FIDIC conditions of contract, construction disputes and claims, arbitration, conciliation and dispute resolution, international construction project exports and identifying, analysing and managing construction project risk. Thus, this book covers most of the construction management activities that are carried out at different stages of a construction project. This is an essential book for students of construction management, construction professionals, academicians and researchers.

The assumption that a positive relationship exists between standardized property rights and economic development is upheld widely in most Southeast Asian and Pacific societies. Using an interdisciplinary approach and case studies, these papers assess the economic impact of standardized property rights on the land and natural resources in Southeast Asia and Oceania. Anthropological and sociological analyses of the relationship indicate a positive correlation may be difficult to sustain.

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.

More than just a how-to-buy real estate book, this handbook will help guide you through every phase of landlording, from finding the right property to profitable, problem-free management. Every page provides practical legal information and useful management tips for the novice landlord. Even experienced landlords will find much of use, including London's tips on how to sell property profitably.

An examination of the conflicts facing traditional pastoralist societies within the developing nations of Africa. The book explores the forms of traditional land tenure and access to grazing resources, which are being increasingly eroded by modern forms of ownership and development. It shows how communal land tenure arrangements are essential not only for the survival of these societies but also to manage the pastures and rangelands in question. The case studies are by local experts. They cover Kenya, Mali, Senegal, Mauritania, Sudan, Tanzania and Uganda. Each looks at: the political and legal context, trends in pastoral development, causes of conflict, procedures for resolving conflict, and environmental implications.

Land and Economy in Ancient Palestine is a study of the economic crises throughout the Second Temple Period. It establishes that the single factor of the economy which united all aspects of life in ancient society was land.
Through study of a wide variety of sources, including the New Testament and classical authors, Jack Pastor looks at who owned land, and how they came to possess it. He examines the various ramifications of landownership in ancient society to ascertain its effect on livelihoods, government policies and revenues. A special emphasis is placed on debt and famine as social and economic problems with ties to the landholding structure.

The Waqf (pious endowment in Islam) fulfilled vital political, social and economic functions. Reiter presents a picture of the role of Islam in mandatory Je.0rusalem through the resources of the Waqf. The Waqfs, as owners of 80% of the land in the old city of Jerusalem, and their socio-political influence, lie at the root of the present debate about the character and future of this Holy City. The prevalent image of institutionalized corruption within the Waqf system, involving beneficiaries, administrators and members of the elite is not completely supported by the findings ofthe present study.

The waqf (pious endowment) was a major Islamic institution in Jerusalem under British Mandate and it fulfilled vital political, social and economic functions. This book considers how the waqf adapted to modern times and reflects on its role in Islamic life in Jerusalem in the light of the political debate between the Palestinian Arab national movement and the Jewish Zionist movement. One of the weaknesses of Islamic endowments was the lack of proper supervision of their administration. The image of institutionalized corruption within the waqf system, involving beneficiaries, administrators, qadis and members of the elite, however, is not completely supported by the findings of the present study. Alongside cases of neglect and poor administration of waqf in Mandatory Jerusalem, there were numerous instances of estates being properly maintained and well managed. The waqfs own 80 per cent of the land in the Old City of Jerusalem, and their socio-political influence lies at the root of the present debate about the character and future of this holy city.

Provides undergraduates in surveying and property professionals with a clear practical explanation of the various management techniques to improve their property development decisions.