Levitt
Town was at the forefront of the new style, of master planned communities in residential
developments. After WWII, as veteran’s returned home there was an undersupply
of housing. Levitt saw this as an opportunity and created a place where homes
were built on smaller lots and generally more
“cookie cutter, “ than homes of the past. When Levitt & Sons went out to build this
new kind of residential development, they were taking a big risk. In the end
the risk was well work the reward, as new style of mass production and planned
communities made housing more affordable and helped to revitalize and redefine
the American Dream. Today, the concept of master planned communities is so
common, that is hard to believe just seven decades ago it was considered unique
and prodigious.
When
Mr. Trella spoke about this the importance of pioneers like Levitt, it got me
thinking. What will be the next big real estate revolution? What really makes
sense in places like New York City where land comes at a premium and rents are
constantly on the rise? What is the best way to invest in smaller markets
commercial properties? What are the solutions to these major questions? There
are so many things still unanswered, and opportunities not yet known. This is
one of the things I’ve always enjoyed most about studying real estate. The fact
that 1+1=2, but 1+1 could also equal 4 if the right properties, or ideas are
combined. Value is not exactly limitless, but with the right ideas can be
grown. I feel that learning the history of any topic teaches you many things.
After learning about Levittown in class I did more research and found many
other interesting once far fetched real estate concepts.
After
World War II it was the advent of homebuilding in a Henry Ford style assembly
line that made way for the developments of today. The future of real estate
holds as much or as little as the passion and creativity of those working to
impact the industry today.
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