Why Is It More Expensive to Acquire a New House

question 29

Essay

Why is it more expensive to acquire a new house in an urban area than in a rural area if the costs of labor and building materials are the same?

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Definitions:

Management Advantages

The benefits or competitive edge that a company obtains through effective and efficient management of its resources and operations.

Right-of-Way

The legal right, established by usage or grant, to pass along a specific route through grounds or property belonging to another.

Servient Parcel

A piece of land that provides an easement or benefit to another piece of land, known as the dominant estate.

Parcel

A specific piece of land, identified by boundaries or property lines, that is the subject of ownership or development.