This is just something that jumped into my head while I was working on valuations for a set of properties that one of my partners came across. I'll probably expound on this idea at some point in the future, once I have more to go on. For this brief note, suffice it to say that valuing real estate on comparables is the dumbest friggin' thing in the world. If whoever thought of it is still living, they should be put down like a diseased animal. If I get a chance this week, I plan to work on a new valuation model that I've been considering for some time. We'll see how that works out. But this comparables shite is for the birds. Damn!
Until next time...
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