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dictionary of real estate terms glossary of commercial real estate dictionary of architecture and construction the dictionary of urbanism growth and encouraging development. House In real estate usage, a residential structure containing a single dwelling unit. House House 1. A building or dwelling for human residence. 2. A theater, as a legitimate house. 3. (Colloq.) The auditorium in a theater; the audience space. House A dwelling, sometimes particularly as distinct from a flat. Household One or more persons inhabiting a housing unit as their principal residence. Household A housing unit or residence at a given location that is occupied by one or more persons (that is, a social unit comprised of one or more individuals living together in the same dwelling or place). Household All persons, including family members and any unrelated persons, who occupy a dwelling unit. Household Defined in the UK census as one person living alone, or a group of people (who may or may not be related) living at the same address with common housekeeping, sharing either a living room or a sitting room, or at least one meal a day. Housing Structures intended for residential use. Housing Starts: an estimate of the number of dwelling units on which construction has begun in a stated period. The number of housing starts each month is an important indicator of economic activity. Housing Housing demand: The total number of housing units demanded in a given market, defined as occupied household units divided by one minus the vacancy allowance for that market (where demand is affected by the rate at which new households are being added to the market, allowing for a normal level of vacancy). Housing 1. A notch or groove cut in one wood member, usually to receive another wood member, as in a housed joint; also called a trench. 2. A shelter or dwelling place, or a collection of such places. 3. A niche for a statue. Housing Residential accommodation. Housing Mix: The range of housing in an area or a development in terms of such factors as its type, size, affordability, accessibility, and tenure. Investment 1. Purchasing an asset, lending one’s money, or contributing to a venture in hopes of receiving Investment Investing: Limiting current consumption in favor of future consumption. Investment Investment Investment property: Owner-occupied or rented land or buildings. 204 205
dictionary of real estate terms glossary of commercial real estate dictionary of architecture and construction the dictionary of urbanism a return of the funds invested and a return on investment from those funds. 2. An asset purchased for the purpose of preserving and increasing wealth. Investment value: The value to a specific investor, based on that investor’s requirements, tax rate, or financing. Model (See Simulate) Simulate: Artificially replicate the behavior of a system for purposes of analysis. The simulation may be less complex than the actual system, allowing the analyst to focus on certain variables that are of interest. Model Cash Flow Model: The framework used to determine the cash flow from operations and the cash proceeds from sale. Model A pattern of an item to be reproduced, often in quantity. Model A simplified representation of reality. This may be in the form of a theory, a set of mathematical or statistical formulae, or a scaled-down, threedimensional, physical structure (in wood, card, or polystyrene for example). Physical models can help people to understand urban form (and can also be a means of deception). Mathematical models enable calculations to be made about what is likely to happen in a range of different circumstance (and can be used to create a spurious sense of objectivity). Other models are expressions, in words, of ideas. Private Private Sector: All economic activity other than that of government. Private Private Private Area: The area, whether within or outside a building, which is reserved for the exclusive use of a single family. Private Privatism: The tendency for people to live their lives in private rather than in public, making less use of public space and being less involved in community organizations. Project Project Project 1. A construction undertaking, composed of one or more buildings and the site improvements, Project 1. A defined task; a set of activities carried out to fulfil a defined aim; and individual element in a 206 207
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In 2013, in the United States, the
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The Temple Hoyne Buell Center for t
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Preface The Art of Inequality: Arch
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Introduction What is inequality? Or
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to tangible evidence drawn from rea
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1.1 Defining Inequality Jacob Moore
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ership rate, this became especially
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1.1.4 Race in Place Since the late
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American Apartheid (Cambridge, MA:
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Perhaps predictably, the practices
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According to the CEA’s narrative,
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additional direct provision of aid
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22. U.S. Census Bureau, Statistical
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and renovated instead of demolished
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Residents displaced by the redevelo
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ut the separation of residents of t
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1. This was encouraged among other
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Part 2 Architecture 90 91
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ity is challenged as a matter of mo
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further downtown, on which stands t
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