【正文】
) ? Because the product is immobile, the real estate market is made up of a large number of local markets, each isolated(孤立的) to some degree from other local markets. With other modities, such as automobiles or food, a high demand or short supply in one area can be offset(抵消) by moving products from other areas where there is no oversupply. ? This movement is not possible in real estate。) ? Example: ? zoning:The building in our western yard. Schooling zoning Long Life ? Most manufactured products change in style over, and real estate does also. Automobiles and electric appliances have a shorter life span, however, and may be discarded after two or ten years. Real property may have a life span of 10 to 200 or more years. Consequently, the real estate may contain properties of considerably varying age at any one time . ? Discuss: How to understand the “l(fā)ong life” of real estates? Indestructibility 不可毀壞性 ? Indestructibility, the fourth physical characteristics of land, causes real estate to be a durable and relatively stable investment. Except for economic factors, land does not depreciate. In fact, it more often appreciates with time. This does not mean that property value cannot be destroyed。 Unit 1 Characteristics of Real Estate 不動產(chǎn)的特征 Words and Expressions ? Gravel 礫石,石子 ? Taxation 征稅, 課稅 ? Lien 留置權(quán), 扣押權(quán) ? Jurisdiction 管轄權(quán)限 ? Upkeep 保養(yǎng),維修,養(yǎng)護(hù)費(fèi) ? Encumbrance (產(chǎn)權(quán))權(quán)利限制, 權(quán)利聲明 ? Vulnerable 暴露于危險的, 無防御的 ? Decentralize 自集中點(diǎn)分散到較大的區(qū)域 ? Deed 契約, 證書(尤指有關(guān)房地產(chǎn)或合法權(quán)利者) ? Rigidity 剛性 ? Depreciate 貶值 ? Appreciate 升值 ? Deterioration 變壞,惡化 ? Situs 區(qū)位 ? Raw land 生地 ? Improved land 熟地 Real estate has unique characteristics that makes it different from other types of products. The characteristics can be divided into physical and economic features(物理特征和經(jīng)濟(jì)特征) . Physical Characteristics ? Immobility(不可移