GEO 3611 Lecture Notes - Lecture 4: Home Improvement, General Electric Genx

• School: University of Florida
• Department: Geography
• Course: GEO 3611
• Professor: Stephen M Golant

Document Summary

Housing stock has to adjust itself and realign demand to bring back some kind of congruent equilibrium. This is mainly about existing housing, and not new housing. Another topic is remodeling, changing the way the house looks. Existing houses can be remodeled, reconfigured, and/or recycled. Some people buy these houses and then use them for renting. This is largely due to a high demand in renting. This is even happening to single family detached homes. In recycled, as mentioned before, if it is an older house, compared to the newer house is exact same size, it is cheaper. What is said, when you build housing, you build housing for higher income people to bring in these higher income people. Over a period of time, time a to time b, you can imagine that there will be new homes being built then.