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--- property_characteristics [2025/12/23 09:57] – created reidjs
+++ property_characteristics [2025/12/23 10:01] (current) – reidjs
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 ===== 1. Physical Characteristics =====
-- Immobility: land cannot be moved
-- Indestructibility: land is permanent (improvements may depreciate)
+  * Immobility: land cannot be moved
-- Non-homogeneity (Uniqueness): no two parcels are exactly alike
+  * Indestructibility: land is permanent (improvements may depreciate)
+  * Non-homogeneity (uniqueness): no two parcels are exactly alike
 ===== 2. Economic Characteristics =====
-- Scarcity: land is limited in supply
-- Improvement: value is affected by surrounding land uses
+  * Scarcity: land is limited in supply
-- Permanence of investment: capital invested in land and improvements is long-term
+  * Improvement: value is affected by surrounding land uses
-- Area preference (situs): value is influenced by location and desirability
+  * Permanence of investment: capital invested in land and improvements is long-term
+  * Area preference (situs): value is influenced by location and desirability