The reason why is because, they are receiving a number of different advantages to include: tax breaks and grants. At the same time, the more restrictive regulations will have an impact upon development, as they will make it more difficult to work on various projects. The way that this would impact politicians is through: the increased tax revenues (from a higher mill levy rate), it improves the standard of living in the community and it can help to stimulate economic growth (for those regions that are encouraging development). At the same time, those policies that are very restrictive towards developers will result in: the loss of jobs to the community, a decline in the standard of living and a rise in the number of unsold / abandoned properties. Outline the major steps involved in a real estate development project. Then identify 3 of biggest challenges that you see in any real estate development project.

The major steps that are involved in any real estate project are:

Planning

Land Preparation

Construction

Market Distribution

Property Management

Three of the biggest challenges with any...

(McKenzie, 2010, pp. 396- 404)
I told you two jokes at the beginning of the year. One was about a chicken farmer that had to keep all of his chickens in the air at one time and the other was about the missing tent encountered by Sherlock homes and Watson on a camping trip. Why did I think these stories were relevant?

These stories are relevant because they are discussing the challenges that everyone will go through in life. Where, everything will not work out as planned, due to a number a different issues. Those who are successful at whatever they are doing, will learn how to: work through these problems and move forward. I believe that these jokes are important, because they are showing how in real estate you will have similar issues. The key to success is working through them to make the project a major accomplishment.

Bibliography

Kemp, R. (2003). Community Renewal. Jefferson, NC: McFarland.

McKenzie, D. (2010). Essentials of Real Estate. Clifton Park, NY: Delmar Learning.