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Author Question: Describe the process of real estate development. What will be an ideal ... (Read 51 times)

Bob-Dole

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on: Aug 2, 2018
Describe the process of real estate development.
 
  What will be an ideal response?

Question 2

What is a CCRC? Is it a form of real estate ownership? Why or why not?
 
  What will be an ideal response?


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otokexnaru

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Reply #1 on: Aug 2, 2018
Answer to Question 1

It is the process of acquiring land, converting it to a profit making conclusion. It may involve massive development such as large tract housing developments and shopping malls, but it also includes smaller scale efforts. Today, it includes reclaiming inner city land and buildings to revitalize a blighted community bringing it back from economic collapse.

Answer to Question 2

A Continuing Care Retirement Community is a form of retirement community offering a variety of housing and healthcare options ranging from skilled care to independent living. They are typically not regarded as a form of real estate ownership, although the co-op or condominium models are sometimes used.


Bob-Dole

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Reply 2 on: Aug 2, 2018
Thanks for the timely response, appreciate it

kjohnson

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Reply 3 on: Yesterday
Excellent

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