tial portion of consumers of new houses buy in speculatively built residential subdivisions.2 In this important segment of residential growth, the developer or subdivider has already made the initial speculative commitment to a location. Furthermore, much of the consumer's housing choice appears to be based on the house itself as opposed to the location portion of the residential package.3 Consequently, the idealized consumer's choice in residential location
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Edward J. Kaiser (1968) studied this question.