RE-160 Lecture Notes - Lecture 4: Second Mortgage, Standard Deduction, Commercial Property
18 Dec 2020
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Document Summary
Significant role of real estate in the us economy. U. s. mortgage debt outstanding (q4 2014): . 43 trillion dollars. Mortgages secured by one- to four-family structures: . 86 trillion. U. s. total dollar gdp for 2014: trillion dollars. Investors, mortgage lenders, borrowers, appraisers, brokers, land-use. Geographic employment trends that affect real estate. When jobs are scarce people will move to wherever the jobs can be found with less regard to the enhancing factors. When jobs are plentiful, enhancing factors can play a greater role. Industry will locate where the labor force can support it. Inflation: how to detect bubbles and hot deals using a 40 year inflation line as the zero base line. In 1970 the median home price was ,400. In 1970 a gallon of gas was sh. 36 cents. In 1970 the average cost of new car was ,542. To find the official government rate (4. 41%/yr. ) go to: http://www. bls. gov/data/inflation_calculator. htm. Bring in more money than the owner"s purchase price.
