Monthly Archives: October 2001

The Methodology of Real Estate Appraisal: Land-Residual or Building-Residual, and their Social Implications

October 25, 2001
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NYU Real Estate Institute’s Round Table Discussion of Land- and Building-Price Indices A meeting was held at New York University’s Real Estate Institute on October 25 to discuss the virtues and pitfalls of constructing a land-price index to distinguish between land and building values. The Institute’s Associate Dean Ken Patton had invited Michael Hudson...

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The Land-Residual vs. Building-Residual: Methods of Real Estate Valuation

October 25, 2001
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Some Prefatory Remarks to the N.Y.U. Real Estate Institute discussion, Oct. 25, 2001 Economic theory focuses on labor and capital, yet the largest category of tangible assets is not industrial plant and machinery earning profits, but real estate, and its primary objective is to make capital gains. Most new entries into the Forbes or...

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