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Evaluate, decide, and defend (the economics) an initial proposal for a real estate development in the fictitious city of Veintetrento in the new state of

Evaluate, decide, and defend (the economics) an initial proposal for a real estate development in the fictitious city of Veintetrento in the new state of Nockamote located a short walk from the metro areas urban core. You must choose between the following options: single-family residential owner-occupied, multi-family residential for lease, or single-family residential for lease. Some relevant demographics and descriptive details include the following:

  • MSA population of 4.5 million
  • City population of 57,000
  • Bachelors degree or higher is 75 percent of population over age 25
  • Median value of owner-occupied housing is $1.15 million
  • Owner-occupied housing rate is 37.5 percent
  • Median household income is $114,000
  • Population per square mile is 8,710
  • Persons under 5 years old is 3.5 percent
  • Persons over 65 years old is 14.5 percent
  • Median gross rent is $2,470 per month
  • Civilian labor force participation is 68.9 percent

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