Exam 2: Real Estate System

The difference between gross absorption and net absorption is best described as follows:

The primary centralizing centripetal) forces acting on a city include the following, except:

As opposed to the concentric ring model of urban growth, the sector model dictates that similar land uses tend to:

Use the following information to answer the subsequent questions. A simple monocentric city Roundville) has a population of 3,000,000 with a homogeneous density of 5 inhabitants per acre, and one person per household. Agricultural rents are $500/acre/yr, housing construction costs including developer profit) can be paid for with a perpetual loan charging interest of $5000/house/yr, and transportation costs are $250/person/yr per mile of distance from the center of the city. Recall that there are 640 acres per Mi².) -What is the annual transportation cost per household at the edge of Roundville?

If the natural vacancy rate is 10% and the current vacancy rate is 15%, then you would expect:

If the largest city in an economically integrated region has a population of 10,000,000, then according to the rank-size rule the fifth-largest city in that region should have a population of:

According to the rank/size rule Zipf's Law), the rank of a city's population should be approximated by knowledge of the following two factors:

Rents will tend to trend upwards and new development will tend to occur in a particular city if:

Use the following information to answer the subsequent questions. A simple monocentric city Roundville) has a population of 3,000,000 with a homogeneous density of 5 inhabitants per acre, and one person per household. Agricultural rents are $500/acre/yr, housing construction costs including developer profit) can be paid for with a perpetual loan charging interest of $5000/house/yr, and transportation costs are $250/person/yr per mile of distance from the center of the city. Recall that there are 640 acres per Mi².) -What is the total annual property rent per acre of land in the center of Roundville?

Use the following information to answer the subsequent questions. A simple monocentric city Roundville) has a population of 3,000,000 with a homogeneous density of 5 inhabitants per acre, and one person per household. Agricultural rents are $500/acre/yr, housing construction costs including developer profit) can be paid for with a perpetual loan charging interest of $5000/house/yr, and transportation costs are $250/person/yr per mile of distance from the center of the city. Recall that there are 640 acres per Mi².) -If Roundville's population increases by 10% but its density remains constant, approximately how much will its radius increase?

If buildings are torn down and replaced on average every 75 years, and site acquisition costs are typically 25% of total development costs, then the average annual rate of property depreciation below the HBU value of the site is:

Landowners demand a premium in the rent for developed property before they will be willing to develop agricultural land. According to Capozza and Helsley, this is know as the:

According to Property Life Cycle Theory, the two components of property value are:

Use the following information to answer the subsequent questions. At site "A" the best current construction project is a retail plaza that would cost $3,000,000 to build exclusive of land cost) and would then generate net rents of $400,000/yr, expected to grow at 2% per year indefinitely. At site "B" the best current construction project is an office building that would generate net rents of $500,000 per year, expected to remain constant. Construction of the office building would cost $4,000,000 exclusive of land cost). Suppose investors require a cap rate current net income as percent of investment) equal to 10% minus the expected annual growth rate in the net income. -Suppose the current market value of both undeveloped sites is $1,500,000 each. On which site or sites is it currently profitable to develop?

Use the information in the following table to answer the subsequent questions: State \& Federal Government 50,000 10,000,000 Legal Services 13,000 2,000,000 Computer Manufacturing \& Repair 4,000 2,500,000 Total All Employment 200,000 120,000,000 -In most American cities, improvement in transport and telecommunications technology transport cost reduction) tends to:

The market indicator known as "months supply" is determined by all of the following except:

Improvements in transportation infrastructure will tend to:

According to Neighborhood Succession Theory, in a mature fully built up) neighborhood:

According to Central Place Theory, concentrations of human activity e.g., cities in a country, shopping centers in a metropolitan area) will tend to be located:

An example of functional depreciation is: