| ownership, real estate home interest loan only become a major area of business. Purchasing real estate requires a significant investment, and each parcel of land has unique characteristics, so the real estate industry has evolved into several distinct fields. Specialists are often called on to valuate real estate and facilitate transactions. Some kinds of real estate businesses include: Appraisal - Professional valuation services Brokerages - Assisting buyers and sellers in transactions Development - Improving land for use by adding or replacing buildings Property home interest loan only - Managing a property for its owner(s) Relocation services - Relocating people or business to different country In owner-occupancy, the landlord - tenant relationship is short-circuited. Consider two people, A and B, home interest loan only of whom owns property. If A lives in B's property, and B lives in A's, two financial transactions take place - each pays rent to the other. But if A and B are both owner occupiers, no home interest loan only changes hands, even though the same economic relationships exists; there are still two owners and two occupiers, but the transactions between them no longer go through the market. The amount home interest loan only would have changed hands had the owner and occupier been different persons is called the imputed rent. The effect of owner occupancy is therefore that the imputed rents disappear from measures of national income and output, unless figures are added to take them into account. Government loses the opportunity to tax the transaction. Sometimes home interest loan only have attempted to tax the imputed rent (Schedule A of the U.K. income tax used to do this), but this |  |
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