There are four economic characteristics of land - just think of DUST:
DEMAND - The more demand there is for a particular property, the more valuable it is to consumers looking for real estate.
UTILITY OR USEFULNESS - A three-bedroom house is more useful to consumers than a one- or two-bedroom house.
SCARCITY - One property will sell quickly if only a few properties in a particular area are on the market.
TRANSFERABILITY - When loans are available and rates are low, real estate is readily transferable from seller to buyer.
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Yes, I would like to learn more about it, I explore a lot and learn about the four economic characteristics of land.
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