Real Estate Valuation A Subjective Approach
Auteur : Goddard G. Jason
Real Estate Valuation: A Subjective Approach highlights the subjective valuation components of residential and commercial real estate, which can lead to a range of acceptable property value conclusions.
It discusses the causes of housing booms and goes in depth into the heterogeneity of commercial real estate property valuation via examples from owner-occupied, multifamily residential, hotel, office, retail, warehouse, condo conversion, and mortgage-backed security areas of real estate. Other topics explored include the role of machine learning and AI in real estate valuation, market participant value perceptions, and the challenge of time in the valuation process. The primary theoretical basis for the range of acceptable values and the subjectivity of property valuation focuses on the work of G.L.S. Shackle from the Austrian School of Economics.
This illuminating textbook is suitable for undergraduate and master?s students of real estate finance, and will also be useful for practitioners in residential and commercial real estate.
1: From Austrian Value Subjectivity to Shackle’s Possibility Curve
2: The Role of Machine Learning and AI in Real Estate Valuation
3: Overview and Pitfalls of Home Valuation Subjectivity
4: Subjectivity of Commercial Real Estate Valuation
5: Market Participant Value Perceptions
6: Subjectivity of Cap Rates, Discount Rates, and Debt Yields
7: Subjectivity in Hotel Property Valuation
8: The Discounted Sellout and Subjectivity
9: Mortgage Backed Securities and Subjectivity
10: The Provocation of Time
G. Jason Goddard is adjunct professor at Wake Forest University and University of North Carolina at Greensboro, USA.
Date de parution : 12-2021
17.4x24.6 cm
Date de parution : 12-2021
17.4x24.6 cm
Thèmes de Real Estate Valuation :
Mots-clés :
Debt Service Coverage Ratio; Commercial Real Estate; Discounted Cash Flow Model; Equity Cash Flow; DY; Annual Debt Service; Debt Coverage Ratio; HHI Score; MBA Class; Market Rental Rates; Subject Property; RV; Recreational Vehicles; Discounted Cash Flow; Loan Amortization; MBS; Collateral Pool; Commercial Real Estate Broker; Tiny Homes; Mortgage Pool; White Squirrels; Payback Ratio; Mortgage Bond; Herfindahl Index; Expert Sample