Common Interest Development & Timeshares: The Reshaping of Real Estate in California
- ISBN-10
- 1976025710
- ISBN-13
- 9781976025716
- Pages
- 550
- Language
- English
- Published
- 2017-09
- Author
- Jim Forde
Description
The Reshaping of Real Estate in California - Common Interest Development and Timeshares is the industry's most complete CID and Timeshare textbook. Written by industry experts, this text prepare students for the changing California real estate market. The concept of home is changing in America. Reliance on local governments is being replaced by networks of Home Owner Associations (HOA) created within Common Interest Developments (CID). Developers of CIDs are now responsible for martialing the resources needed to build basic infrastructure, passing that expense on to the consumer through Mello-Roos tax and special assessments. Power is shifting from the municipal governing branch to local governments in the form of Home Owner Associations that have the responsibility and power to govern common interests shared by CID communities. Consumers benefit through inheriting increasing open land, parks, lakes, and recreation facilities that contribute to an increased quality of life. And major populated cities find CIDs as an answer to solving housing shortages in areas of high demand markets. CIDs are changing the residential real estate landscape. As the fastest growing land development strategy, real estate agents, investors and developers have reason to take pause and study CID.
