[Wikiposon-users] NUMBER ONE Success System

Tommy Lee noss1233 at gmail.com
Wed Aug 22 06:57:42 EDT 2007


Welcome and thank you for visiting *Number One Success System*. *Number One
Success System* is a private association of consenting individuals 18 years
of age and above who willingly and knowingly have come together for
charitable purposes. Participants have chosen to exercise their right to
freely give to others who have joined with the same purpose and
understanding. Access to the *Number One Success System* website and
participation in the activity are by DIRECT, PERSONAL INVITATION ONLY. If
you have been invited to view the website, you are a special person indeed
and have been given a tremendous gift, perhaps far greater than you can
The owner/user, owner, and renter comprise the demand side of the market,
while the developers and renovators comprise the supply side. In order to
apply simple supply and demand analysis to real estate markets a number of
modifications need to be made to standard microeconomic assumptions and
procedures. In particular, the unique characteristics of the real estate
market must be accommodated. These characteristics include:

   - Long time delays - The market adjustment process is subject to time
   delays due to the length of time it takes to finance, design, and construct
   new supply, and also due to the relatively slow rate of change of demand.
   Because of these lags there is a great potential for disequilibrium in the
   short run. Adjustment mechanisms tend to be slow, relative to more fluid
   - Both an investment good and a consumption good - Real estate can be
   purchased with the expectation of attaining a return (an investment good),
   or with the intention of using it (a consumption good), or both. These
   functions can be separated (with market participants concentrating on one or
   the other function) or can be combined (in the case of the person that lives
   in a house that they own). This dual nature of the good means that it is not
   uncommon for people to
over-invest<http://en.wikipedia.org/wiki/Over-investing>in real
estate, that is, to invest more money in an asset than it is worth
   on the open market.
   - Immobility - Real estate is locationally immobile (save for mobile
   homes <http://en.wikipedia.org/wiki/Mobile_home>, but the land
   underneath them is still immobile). Consumers come to the good rather than
   the good going to the consumer. Because of this, there can be no physical
   market-place. This spatial fixity means that market adjustment must occur by
   people moving to dwelling units, rather than the movement of the goods. For
   example, if tastes change and more people demand suburban houses, people
   must find housing in the suburbs, because it is impossible to bring their
   existing house and lot to the suburb (even a mobile home owner, who could
   move the house, must still find a new lot). Spatial fixity combined with the
   close proximity of housing units in urban areas suggest the potential for
   externalities inherent in a given location.
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