1. HOUSING & COMMUNITY DEVELOPMENT PLANNING

2. TOPICS ALLOCATION OF LAND HOUSING LOCATION, LOCATION AND LOCATION REAL ESTATE ECONOMICS NEIGHBORHOOD CHANGE CLASS QUESTIONS

3. Source: City of El Paso Planning Department

5. HOUSING AS A BUNDLE HOUSING CREDITSCHOOLSSHELTERASSET SOCIAL NETWORK LANDAMENITIES ACCESS LOCATION

6. ALONSO’S MODEL OF URBAN LAND MARKETS Paradox: the poor live close to the center and the rich in the suburbs. There are two important attributes of buying land ( the land itself and location) The above paradox can be explained by the trade-off the household made between commuting (distance) and cheaper land Distance is a proxy to represent accessibility (to work) costs, then poor people tend to locate close to the center of the city.

7. THE REAL ESTATE MARKET Real estate as space (without a building) and as an asset (with a building) The difference between endogenous factors and exogenous factors. What kind of factor is planning? Housing is affected by micro forces (location specific) as well as macro forces (those that affect the profitability or use) Why are homes close to the mountain worth more than those away from the mountain?

8. VALUING LOCATION: Mountain View Sq feet const Bedrooms Bathrooms Year built Distance from The mountain Value of Undeveloped land Neighborhood TASK scores

9. EP REAL ESTATE Dependent Mth Rsq D.f. F Sigf b0 b1 VALUE LIN.615 44 70.27.000 68529.2 3.0168

10. EP REAL ESTATE MARKET Dependent Rsq d.f. F Sigf b0 b1 VALUE.710 44 107.48.000 -32991 71.8823

11. EP REAL ESTATE MARKET

12. EP REAL ESTATE

13. SOME ELASTICITIES

14. HUD’S MODEL OF NEIGHBORHOOD CHANGE STABLE values and incomes In balance Declining: falling values Improving: rising values 1 Healthy 2 Incipient decline 3 Clearly declining 4 Accelerating decline 5 Abandoned

15. NEIGHBORHOOD CHANGE COLLECTIVE ACTION INSTITUTIONAL ACTIONS INDIVIUDAL ACTIONS