A Study on the Impact of Unconventional (and Conventional) Drilling on Housing Prices in Central Oklahoma

Shale energy development activity may benefit some aspects of a regional economy (such as increased jobs or tax revenue); however, there may also be negative impacts to the local environment, such as noise and underground water contamination. We study the impact of unconventional drilling activity on housing price in an area of the country with a long history of crude oil production. A prospective home buyer may want to avoid a place near sites that have been drilled using unconventional drill technologies such as horizontal fracturing. Adopting a hedonic price model, we estimate the impact of distance to and density of unconventional drilling on housing prices in two central counties in Oklahoma during the period 2001–2016. We also apply a semiparametric approach to deal with the possibility that the relationship between an environmental pollutant source and housing price is nonlinear. The empirical results are consistent in terms of physical housing characteristics and locational aspects in all cases, with drilling activity having only a minimal effect in benchmark models. Further, the semiparametric estimation results support the findings that drilling activity has only limited impacts on local housing prices.

Factors That Affect the Level of Success of the Transaction between Home Buyers and Developers in Sell-Build Residential Projects

The “Sell-Build” model in residential project transactions involves a home buyer agreeing to pay the developer in monthly installments starting very early in the design or construction phases of a project. It is hypothesized that the success of this transaction depends on (1) the home buyer’s knowledge about the transaction process and (2) the mutual trust between home buyer and developer. A survey was administered to 250 home buyers and 70 developers in Turkey to collect demographic information about the participants and about the participants’ perceptions of not only the success of the transactions they were involved in, but also of the impacts of how informed home buyers are about the transaction process and how much the two parties trust each other. The data collected was subjected to statistical analysis. The findings indicate that (1) the home buyer should make a special effort to study relevant materials and consult specialists before entering into an agreement with a developer, and (2) the trust between home buyer and developer depends largely on the buyer’s uninterrupted flow of monthly installment payments starting early in the project. The contribution of this study is that it provides a useful guideline to home buyers and developers.

Analisis Dan Perancangan Sistem Informasi Penjualan Rumah Berbasis Web Pada PT Indah Cemani Raya Balaraja

The system used by the company in handling the recording and sale of home products is still done manually as to hamper the company's performance. In a sense, a company is a unified system that influences one another to achieve certain goals. In the proposed system that the author designed to solve these problems while providing information on home sales quickly. For example, data processing needs are increasing, data processing rules are increasingly varied, rules from within or outside the company, can be used as indicators of problems. So PT Indah Cemani Raya, Balaraja designed the application for a web-based balaraja housing information system. This system is used to facilitate the process of sales, promotions and detailed information about balaraja housing, where marketing can enter home listings entrusted by customers to the website of PT Indah Cemani Raya, Balaraja to be marketed, and the existence of an application to activate the list of home sales that have been inputted by marketing to the website. Reports produced are in the form of home data reports, home buyer reports, home marketing reports, periodic payment reports, house specifications and credit simulations. Currently there is no system to facilitate customers in seeing housing products and also place an order without having to come to the location. The purpose of writing this journal is to analyze and design a sales system at PT Indah Cemani Raya, Balaraja so that it can help the parties involved in the data collection process, especially in the home sales process. PT Indah Cemani Raya, Balaraja is a private company engaged in the property business, specifically in the sale of housing construction (developers) which helps the government in increasing national economic development.

Analisis Dan Perancangan Sistem Informasi Penjualan Rumah Berbasis Web Pada PT Indah Cemani Raya Balaraja

The system used by the company in handling the recording and sale of home products is still done manually as to hamper the company's performance. In a sense, a company is a unified system that influences one another to achieve certain goals. In the proposed system that the author designed to solve these problems while providing information on home sales quickly. For example, data processing needs are increasing, data processing rules are increasingly varied, rules from within or outside the company, can be used as indicators of problems. So PT Indah Cemani Raya, Balaraja designed the application for a web-based balaraja housing information system. This system is used to facilitate the process of sales, promotions and detailed information about balaraja housing, where marketing can enter home listings entrusted by customers to the website of PT Indah Cemani Raya, Balaraja to be marketed, and the existence of an application to activate the list of home sales that have been inputted by marketing to the website. Reports produced are in the form of home data reports, home buyer reports, home marketing reports, periodic payment reports, house specifications and credit simulations. Currently there is no system to facilitate customers in seeing housing products and also place an order without having to come to the location. The purpose of writing this journal is to analyze and design a sales system at PT Indah Cemani Raya, Balaraja so that it can help the parties involved in the data collection process, especially in the home sales process. PT Indah Cemani Raya, Balaraja is a private company engaged in the property business, specifically in the sale of housing construction (developers) which helps the government in increasing national economic development.

POSSIBILITIES OF NEUROSCIENCE APPLICATION IN HOUSING DEVELOPMENT

The identification of the best housing alternatives is influenced by a wide variety of factors, including supply, demand, social, cultural, psychological, personal factors. All of these factors have an effect on the behavior and emotional state of a home buyer. What are the most effective ways to choose a home when there is a plethora of complex choices? To determine the most effective choice, neuroscience techniques can be used. These techniques are classified in the following main groups in the article: 1) momentary techniques for measuring changes in electronic neuronal activity, 2) techniques for measuring changes in metabolic neuronal activity, 3) techniques for measuring changes in psychological response to a stimulus. Article’s analysis, its identification of advantages and disadvantages of the techniques, representing these groups: electroencephalography, functional magnetic resonance imaging, functional semi-infrared spectroscopy, eye capture, and galvanic skin reactions, has revealed the potential of using latter techniques in making marketing decisions, while working with target audiences of different ages, life experiences, character traits who want to live where they feel best.

Financing homes by employing Ijara based diminishing Musharaka

Purpose This paper aims to examine how homes can be purchased and financed by using Ijara-based diminishing Musharaka (IDM) modes of financing and thus both the home buyer (HB) and Islamic Bank (IB) become joint owners and share rental income jointly according to their respective shares. Such practice can help to avoid interest-based mortgage financing and eliminates excessive risks of bankruptcy as it often happens in conventional interest-based system. Design/methodology/approach A mathematical model as well as rental income, payments and share schedules for IDM will be developed where both the HB and IB will initially own the home. As the HB gradually pays off the principal amount, his or her share will increase while the share of the IB will gradually decrease as stipulated in the contract. Eventually, the HB will buy back all the shares and thus will own the home without paying for mortgage interest and taking excessive risks of foreclosures or living in constant fear of losing home over approximately 20 to 30 years of the tenure of the mortgage payments. Findings The HB can own home without paying any interest and without taking excessive risks of foreclosures. The HB is not borrower rather partners in business. In addition, the HB can minimize the total payments compared to interest-based mortgage financing. In the current IDM model, payments are flexible, and the HB will not be required to make regular installment payments, rather he or she receives regular rental income if the HB chooses not to live in the home. Even if HB lives in the home, part of the home can be rented, and the HB will receive regular share of rental income in each month. The HB will not lose the home even if he does not pay any installment while in interest-based mortgage system, the HB may lose the home if the HB stops installment payments even for a couple of months after paying for 29 years for 30 years mortgage. IDM mode of financing is risk free and worry free, and it instantaneously creates rental income for the HB, like any other business. Originality/value The current IDM model is one of the most recent, and unique approach of home financing, and it is extremely flexible and free from many restrictions compared to the existing similar models. Many of the existing diminishing Musharaka models impose many restrictions on the HB, such as the HB cannot even own or rent the place, cannot remodel or rebuild the place unless the HB pays off all the outstanding price of the home. If the current flexible IDM model is implemented, it will be truly revolutionary and even the people from other faith group will be extremely interested to join as HB and buy their homes by pursuing IDM mode of financing because it is risk free as well as it will free HB from the financial slavery of monthly installment payments for about two to three decades, especially during the most important and most valuable prime life time of the HB. The IDM model will unveil a potential and a promise to financial freedom by removing all constraints and preconditions in purchasing and financing homes.

A reality based cost-benefit analysis of high performance residences: Part II

This research initiative attempts to determine, from real construction cost estimates, the cost challenge and expected payback period associated with building a high-performance residence in Victoria, BC. This was accomplished through: a simulated tendering process with local contractors, an energy analysis of a case-study residence (Part I of this research initiative), and an in-depth study into the variables governing time-to-amortization. The contractors provided quotes for an as-built “above code” residence (ACR), and a “minimum-code” residence (MCR) with the same floor plan (Note: The as-built above-code residence was not built or designed to any specific performance standard; however, it was found in Part I of this research initiative that when compared to the new BC Step code that it performed at a step 3 designation, bordering on step 4 performance). The results of the tendering process were then compared to the as-built construction costs of the residence. When compared to the MCR, it was found that the ACR has a cost challenge of approximately 22.5%, an energy advantage of 22.5 kWh/m2/year, and a payback period of over 79 years when a fuel inflation rate of 2% is considered. However, many of the components in the ACR assemblies were either for aesthetic appeal (metal-roofing), or comfort (floor-cavity insulation), and therefore it was possible to reduce the cost challenge to just 2.1%, while maintaining an energy advantage of 15 kWh/m2/year and step level 3 designation. This was dubbed the hybrid-residence as it employed a combination of above-code and minimum-code construction assemblies. Based on a simple mortgage increase calculation, it was found that the reduction in operational costs produced by the energy-efficiency measures for this residence services 87% of the mortgage increase taken on by the home buyer.

The Influence of Home Buyer Sentiment on Chinese Housing Prices—— Based on Media Text Mining

In recent years, housing prices in major cities in China have generally maintained an upward trend, and housing prices have remained high for a long time. China’s economic growth has its own particularity in the world, and the real estate market as a major support point for the economy, its future development is crucial to the economy. Taking Guangzhou as an example, this paper uses text mining method to extract media influence from media texts, and constructs the buyer confidence index, and uses it as a proxy variable for buyers’ mental expectations. This article finally obtained a total of 115,139 articles on the housing market, forming an article pool for text mining. In the study and analysis of the explanatory effect of the home buyer confidence index on housing prices, this paper uses multiple linear regression to analyze the main factors affecting housing prices, and concludes that buyers’ sentiment is significantly positively correlated with house prices.

Attitudes of Sub-Sale Home Buyers and Vendors in the 21st Century: Legal implications

This article analyses the legal implications of sub-sale house buyers and sellers' attitudes as illustrated in judicial cases from Malaysia, Australia and the United States. The cases demonstrate that purchasers still sleep on their legal duty to conduct a pre-purchase inspection. On the other hand, vendors often conceal the defects in the property and refuse to rectify the defects. This article recommends that consumer education is vital to protect the rights of purchasers and to uplift the vendors' ethical values of in a sale and purchase of the sub-sale house. It is also suggested that the jurisdiction of the Tribunal for Consumer Claims or the Tribunal for Homebuyer Claims be considered to be expanded to hear disputes arising from the purchase of houses from the sub-sale market.Keywords: fraud; inspection; home buyer; vendor.eISSN 2398-4279 © 2018. The Authors. Published for AMER ABRA cE-Bs by e-International Publishing House, Ltd., UK. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia. DOI: https://doi.org/10.21834/ajqol.v3i13.156