Type of community Absecon, New Jersey Essay Example | Topics and Well Written Essays - 1000 words

Type of community Absecon, New Jersey - Essay Example Absecon is a city in Atlantic County, in the Atlantic City metro area. The community name derives from Indian term variously translated as little stream" or "plenty (or place) of swans" The latitude of Absecon is 39.428N. The longitude is -74.496W. It is in the Eastern Standard time zone. Elevation is 23 feet. The estimated population, in 2003, was 7,835. .. Industries providing employment: Arts, entertainment, recreation, accommodation and food services (29.7%), Educational, health and social services (19.0%), Retail trade (12.9%). Absecon-area historical tornado activity is below New Jersey state average. It is 50% smaller than the overall U.S. average. On 7/21/1983, a category 3 (max. wind speeds 158-206 mph) tornado 22.6 miles away from the Absecon city center caused between $500,000 and $5,000,000 in damages. On 11/4/1970, a category 2 (max. wind speeds 113-157 mph) tornado 5.6 miles away from the city center caused between $50,000 and $500,000 in damages. Hospitals/medical centers near Absecon: BETTY BACHARACH REHAB CENTER (about 6 miles; POMONA, NJ) ATLANTIC CITY MEDICAL CTR (about 7 miles; ATLANTIC CITY, NJ) SHORE MEMORIAL HOSPITAL (about 11 miles; SOMERS POINT, NJ) Airports certified for carrier operations nearest to Absecon: ATLANTIC CITY INTERNATIONAL (about 5 miles; ATLANTIC CITY, NJ; ID: ACY) MC GUIRE AFB (about 40 miles; WRIGHTSTOWN, NJ; ID: WRI) LAKEHURST NAES /MAXFIELD FIELD (about 43 miles; LAKEHURST, NJ; ID: NEL) Other public-use airports nearest to Absecon: ATLANTIC CITY MUNI/BADER FIELD (about 7 miles; ATLANTIC CITY, NJ; ID: AIY) STEEL PIER TAJ MAHAL (about 9 miles; ATLANTIC CITY, NJ; ID: 92N) OCEAN CITY MUNI (about 15 miles; OCEAN CITY, NJ; ID: 26N) Colleges/universities with over 2000 students nearest to Absecon: THE RICHARD STOCKTON COLLEGE OF NEW JERSEY (about 6 miles; POMONA, NJ; Full-time enrollment: 5,526) ATLANTIC CAPE COMMUNITY COLLEGE (about 18 miles; MAYS LANDING, NJ; FT enrollment: 3,086) BURLINGTON COUNTY COLLEGE (about 39 miles; PEMBERTON, NJ; FT enrollment: 3,751) OCEAN COUNTY COLLEGE (about 43 miles; TOMS RIVER, NJ; FT enrollment: 4,651) CAMDEN COUNTY

Price discovery in American and British Property Markets Essay

Price discovery in American and British Property Markets - Essay Example On the other hand, real-estate taxes accounted for 17.1 per cent of home-owners' housing costs in Britain in 1983, compared to only 7.6 per cent in the United States. These home-ownership costs provide a simple cash-flow comparison of family housing cost, but they do not take into account a variety of other important factors, including, most importantly, the impact of mortgage interest tax relief and the appreciated value of the house. The results suggest that actual cost is extremely sensitive to the rate of appreciation. However, using the average annual appreciation over the 1978-83 period, we calculate that, as a percentage of income, the real annual cost of home-ownership (excluding property tax and maintenance) was significantly lower in Britain than in the United States. Indeed, given that interest rates were lower than the rate of inflation of house prices, the real annual cost of purchasing a new home in Britain in either 1981 or 1983 was actually negative.