Looking For Work? The Local Casino Hiring. Sound Off! How Will The Casino Effect Real Estate Market?
Maryland Live is looking for a few good men and women that are “high energy, hands-on inviduals”. See the Baltimore Business Journal here.
First of all, is it pronouced “Live” or “Live”?
The new casino is looking to hire which should help the local job market, but how will it effect the loacal real estate market? Wikepedia describes the effect like this:
Heterogeneous – Every piece of real estate is unique, in terms of its location, in terms of the building, and in terms of its financing. This makes pricing difficult, increases search costs, creates information asymmetry and greatly restricts substitutability. To get around this problem, economists (beginning with Muth (1960)) define supply in terms of service units, that is, any physical unit can be deconstructed into the services that it provides. Olsen (1969) describes these units of housing services as an unobservable theoretical construct. Housing stock depreciates making it qualitatively different from a new building. The market equilibrating process operates across multiple quality levels. Further, the real estate market is typically divided into residential, commercial, and industrial segments. It can also be further divided into subcategories like recreational, income generating, area, historical/protected, etc.
Ouch. My head hurts.
What is your opinion on the the effects to the real estate market and comment below.
An artist’s rendering of the Maryland Live casino.
About Chris Weymouth & The Weymouth Group, LLC:
Chris Weymouth, Director, Certified Luxury Home Marketing Specialist, CLHMS and Debbie Weymouth, Manager, have marketed and sold over 4000 homes in Maryland since 1983. Expertly trained and award winning agents, they are leaders for The Weymouth Group at Keller Williams that has been recognized by their peers as one of the best in the business. Chris Weymouth is ranked # 1 at Keller Williams Select Realtors, top 1% in Howard County and Maryland. Serving Central Maryland and all our friends and family for almost 50 years. You can reach Chris at 443-280-1922 or email at firstname.lastname@example.org. Visit our site at www.theweymouthgroup.com.