1.With reference to examples, explain three (3) ways how imperfections in the market for capital can affect the land and real property markets

2.For years, the Government of Jamaica has been battling the proliferation of squatter settlements. Popular belief is that regularization with individual ownership of property is the best solution to tackle squatting and promote security of tenure.

Pretend that you do not share this view and propose two (2) economic arguments to persuade the local authorities that community ownership of land and group titling, results in more sustainable tenure than individual titling.