Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In this chapter, we learned about some concepts that are near and dear to my heart, namely how the government - and in some cases

In this chapter, we learned about some concepts that are near and dear to my heart, namely how the government - and in some cases private parties themselves - can impose restrictions on the use of property. While intuitively most (or at least some) of us think that restrictions that prevent us from doing something can only cost us money, in my experience in real estate I find that smart, well thought out government, and to a greater extent private restrictions (for instance CC&R's) can actually work to our FINANCIAL BENEFIT.

For this discussion, I want you to imagine a place or community you'd like live. Think of a restriction (it has to be legal of course, so it can't limit owners to a certain type of person, or no television antenna, etc.) that you'd like to see AND you think if it was in place might ENHANCE the value of all the properties in the community. In no more than two to three sentences identify the restriction and how you think it could be a benefit-financially.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Exploring The Hospitality Industry

Authors: John R Walker

2nd Edition

013243766X, 9780132437660

More Books

Students also viewed these General Management questions

Question

What is a residual plot?

Answered: 1 week ago

Question

Go, do not wait until I come

Answered: 1 week ago

Question

Make eye contact when talking and listening

Answered: 1 week ago

Question

Do not go, wait until I come

Answered: 1 week ago