Pls go into deep detail as if youre explaining it to a 5 year old. Im trying to grasp the topic.

ITech Geek has heard that an issue can arise by treating all property valuation as a no-growth perpetuity: Here: BV = NOI CAP BV Building Value NOI Net Operating Income CAP Capitalization Rate (aka: discount rate) In particular, over and under estimations of value can occur when the growth rate (g) in NOI varies between that of the subject property and that of the overall market. You task is to illustrate this to ITech Geek. Basically, you are to replicate the notes using your own figures and own written explanation