Essentials of Real Estate Economics Review

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Essentials of Real Estate Economics ReviewI posted my initial review of this book before finishing it
and my first review was rather negative. I think it is worth
following up, so I have changed my review after finishing the
class. My review has gotten a little worse...
Conclusions :
This book is nearly devoid of subject matter provided you
understand basic supply and demand. When houses are scarse
they cost more, when there are vacancies, they cost less.
The book has a companion study guide, and teachers edition
with test, so your teacher doesn't have to do any work. That
is not so unusual, but read on...
The study guide only matches the book for the first 6 chapters
and then runs amok. Nearly half of the study guide questions
are subjective and misleading. The content of the textbook
is often contradicted by the tests and the study guide.
The teachers editon has a significant number of the test
questions wrong. If your teacher chose this sorry text, you
can almost bet they will mark you wrong on the tests and you
will have little or no opportunity for rebuttal because your
teacher is fundamentally lazy or they would have picked the
better text by Hubert et al. My teacher did not return our
tests at all, and when we reviewed the answers he refused to
consider valid arguments that there might have been a mistake
except in one case where the whole class was shouting at him.
This text was written in the early 1990s. Some parts have been
updated, some have not. The text is rarely wrong or misleading,
but it is geared at junior high level. The study guide and the
teachers materials seem to have been prepared by someone other than
the text author, they are often dead wrong, contradictory, or subjective so you should prepare to be frustrated by the
experience of taking a class based on this textbook.
I should add that I am getting a good grade in the class, I
am mostly angry that I have spent so much time and have learned
absolutely nothing and my teacher and the author of this text
are profiting at my and my classmates expense. If I could do
this over again I would drive to a farther away school in order
to find somebody who wanted to teach.Essentials of Real Estate Economics Overview

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