A Paper Entitled Some Principles in the Valuation of Land And Buildings
A Paper Entitled Some Principles in the Valuation of Land And Buildings
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A yard, or a house will sell for 1, 000, because purchasers abound and money is plentiful, it well may happen that in 1905, when confidence is low and money tight, the demand for land or house at that price is much diminished, and some owners may have to realise for less. Then occurs one of those temporary set-backs in value with which we are familiar, and the point to be noted is that the set-back is not limited to any one part of the property but applies to all its parts to the site, to the s...tructure, and to the entirety. And recoveries in values of real estate are just as general. They affect bricks and mortar just as surely as land, so that it is easily possible that even while a fabric is actually depreciating as to structure its value by reason of greater market activity is increasing. Or to take a case which may be better tested, a rising market in leasehold property may entirely wipe out the depre- ciating influence of a shortening term. It is even possible that by reason of suddenly increasing demand, the value of a structure in situ will substantially exceed the sum total of the factors that make up the cost of its erection, and the excess in value will be maintained until the stimulation due to the high prices has had time to supply more structures to satisfy the demand.
What to read after A Paper Entitled Some Principles in the Valuation of Land And Buildings?
You can find similar books in the "Read Also" column, or choose other free books by G Taylor Loban to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
A yard, or a house will sell for 1, 000, because purchasers abound and money is plentiful, it well may happen that in 1905, when confidence is low and money tight, the demand for land or house at that price is much diminished, and some owners may have to realise for less. Then occurs one of those temporary set-backs in value with which we are familiar, and the point to be noted is that the set-back is not limited to any one part of the property but applies to all its parts to the site, to the s...tructure, and to the entirety. And recoveries in values of real estate are just as general. They affect bricks and mortar just as surely as land, so that it is easily possible that even while a fabric is actually depreciating as to structure its value by reason of greater market activity is increasing. Or to take a case which may be better tested, a rising market in leasehold property may entirely wipe out the depre- ciating influence of a shortening term. It is even possible that by reason of suddenly increasing demand, the value of a structure in situ will substantially exceed the sum total of the factors that make up the cost of its erection, and the excess in value will be maintained until the stimulation due to the high prices has had time to supply more structures to satisfy the demand.
What to read after A Paper Entitled Some Principles in the Valuation of Land And Buildings?
You can find similar books in the "Read Also" column, or choose other free books by G Taylor Loban to read onlineMoreLess
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