Detail of Topics Day 2: Investing in Real Estate Lecture Series 2011

Day 2
May 12, 2011 (Thursday)
"REAL ESTATE ECONOMICS"
and
"THE UPS & DOWNS OF REAL ESTATE VALUES"
I. REVIEW OF THE BASIC PRINCIPLES OF CAPITALISM
  • A. WHAT IS ECONOMICS?
  • B. THE TRADITIONAL ECONOMY, MARKET ECONOMY OR CAPITALISM AND COMMAND ECONOMY OR SOCIALISM AND THE MODERN MIXED CAPITALISM
  • C. KEY ELEMENTS OF PURE CAPITALISM
  • D. “WHAT SHALL BE PRODUCED”, “HOW”, AND “FOR WHOM” IN PURE CAPITALISM
  • E. MODERN MIXED CAPITALISM
  • F. FACTORS OF PRODUCTION
  • G. PRICES AND OUTPUT
  • H. THE LAW OF DEMAND AND THE LAW OF SUPPLY
II. WHY AND HOW GOVERNMENT INTERVENES IN THE ECONOMY
  • A. SOME NOTES ON PERFECT AND IMPERFECT MARKETS
  • B. THE NEED FOR GOVERNMENT INTERVENTION
  • C. THE BUSINESS CYCLES IN GENERAL AND REAL ESTATE CYCLES
  • D. GOVERNMENT INTERVENTIONS TO PREVENT OR CORRECT ECONOMIC PROBLEMS
III. THE RELATIONSHIP OF MONEY, CREDIT AND REAL ESTATE VALUES
  • A. Money.
  • B. Inflation and how it affects real estate.
  • C. Government interventions that affect real estate.
  • D. Direct government intervention in real estate.
IV. THE IMPORTANT ECONOMIC FEATURES OF REAL ESTATE
  • A. Land supply is fixed.
  1. The Cycle Of Changing Supply And Demand For Real Estate.
  2. What Causes Changes in Demand?
  3. What Causes Changes in Supply?
  • B. Land location is fixed.
  • C. Buildings life (NOT ECONOMIC LIFE) is long.
  • D. Divisibility.
  • E. Real estate use can be modified as economic need changes.
  • F. High Capital Value.
V. THE IMPORTANCE OF REAL ESTATE DEVELOPMENT TO THE ECONOMY

VI. ANTICIPATING CHANGES
  • A. Changes in Land Use Controls.
  • B. Shortage of Land and Other Supplies.
  • C. Consumer Activism and Awareness
  • D. The forthcoming need for Specialized Knowledge
  • E. National Changes
  1. Demographic Changes
  2. Changes in Poverty Program
  3. Changes in Lifestyles
  4. Changes in Mode of transportation
  5. Changes in actions to control inflation
  6. Finance and Trade
  7. Changes in Technology.
  8. Population Growth
ALSO INCLUDED IN THIS LECTURE:
  • STEPS TO BE DONE TO EFFECT INCREASE IN VALUES OR PREVENTION OF VALUE LOSSES 
  • SIGNS OF VALUE CHANGES.
  • HOW TO MORE ACCURATELY PREDICT UPS AND DOWNS OF REAL ESTATE
  • VALUES IN A PARTICULAR LOCATION AND DURING PARTICULAR EVENTS. 
  • WHAT ARE THE CRITICAL FACTORS AFFECTING REAL ESTATE VALUES”.