In this article we have developed a simple dynamic model to portray a cyclic producing mechanism in land market and in the following we have probed the effect of land market oscillation on house market price, which has not been addressed before. In this model, in the beginning two cyclic producing mechanisms in land market are introduced and their effect on house market is elaborated in detail. As we combine the land market model with house market model, to develop an integrated model that offers better understandings of house market trends. The model showed that, in contrast to common perception which presumes house market fluctuations(in supply sector)to be totally intrinsic,they are mainly due to cyclic producing mechanism in land market. Our work uncovers the rich dynamic complexity of the real estate system and can serve as a good example of applying systems thinking principles to complex real world problems. Moreover, we have taken advantage of classic mass-spring systems, to model the house and land market and thus a simple powerful tool is introduced to predict the effect of various mechanisms affecting the house market (e.g. capital market)and it can be a great help to understand the complex house market system, in more depth.

This is the whole item.

Date created

• 2010 July 25-2010 July 29

Type

• Document

Processing Activity

• Processing documentation available at: https://wiki.albany.edu/display/SCA/Processing+Ingested+Digital+Files

License

• Creative Commons BY-NC-ND Attribution-NonCommercial-NoDerivs 4.0 International

  
  Contact Us for questions or additional rights.

ITEM CONTEXT

Part of

17bfad39e1d09bfe17f82d7ae001449f

Scope and Contents

Part of

23d738ba88f8333bc39725f9cb5bd0b8

Scope and Contents

Part of

516b485dacfb3c26da448243f0948912

Scope and Contents

Collection

System Dynamic Society Records

Scope and Contents

Collecting area

• This collection is part of the University Archives