Podcast
Questions and Answers
What is the first question in framing market-building strategies for a neighbourhood?
What is the first question in framing market-building strategies for a neighbourhood?
- What is the potential for housing appreciation?
- What is the neighbourhood's crime rate?
- Is the neighbourhood's housing stock competitive? (correct)
- What are the neighbourhood's amenities?
Which of the following is NOT a market deficiency that can render a neighbourhood's housing stock less competitive?
Which of the following is NOT a market deficiency that can render a neighbourhood's housing stock less competitive?
- Poor quality of housing stock
- Undesirable location of the neighbourhood
- Lack of amenities in the neighbourhood (correct)
- High crime rate in the neighbourhood
What impact can market deficiencies in a neighbourhood's housing stock have on the neighbourhood's revival?
What impact can market deficiencies in a neighbourhood's housing stock have on the neighbourhood's revival?
- Have no impact on people's investment decisions
- Encourage people to invest in the housing stock
- Discourage people from investing in the housing stock (correct)
- Increase the neighbourhood's crime rate
Rosen's study in 1974 developed the theoretical framework for a hedonic pricing model and is considered the foundation for non-linear hedonic pricing models
Rosen's study in 1974 developed the theoretical framework for a hedonic pricing model and is considered the foundation for non-linear hedonic pricing models
The hedonic pricing model can only be applied to estimate the marginal contribution of location to the house price
The hedonic pricing model can only be applied to estimate the marginal contribution of location to the house price
The hedonic pricing model has been used in the housing sector to estimate households' demand for various housing characteristics and to construct housing price indices
The hedonic pricing model has been used in the housing sector to estimate households' demand for various housing characteristics and to construct housing price indices
Rosen's study developed the theoretical framework for a linear hedonic pricing model.
Rosen's study developed the theoretical framework for a linear hedonic pricing model.
The hedonic pricing model is used to estimate the contribution of each property and neighbourhood characteristic to the house price.
The hedonic pricing model is used to estimate the contribution of each property and neighbourhood characteristic to the house price.
Houses are considered homogeneous goods in the hedonic pricing model.
Houses are considered homogeneous goods in the hedonic pricing model.
