Buy custom Eco 205 Final - Home Building Industry
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| Topic: |
Business
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| Number of pages / Number of words: |
9 / 2326 |
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Although, it is important to note that many psychological factors contribute to its elasticity, as homes overall are considered a valuable asset. There are substitutes available in the form of rented places to live such as apartments, condos, and homes owned by other individuals (The National Association of Home Builders, 2008)...
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Housing, by nature, is a necessity, however; owning a home certainly may be considered more comforting than renting .
The supplies for building a new home are there, but the demand is not, due to the current situation with the economy. Building a new home is a negative externality because there are so many new processes that are needed, like allowing the government to acquire land...
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Eco 205 Final - Home Building Industry
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