It is sometimes said that land represents residual value. This statement reflects the fact that im- provement
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It is sometimes said that land represents "residual value. This statement reflects the fact that im- provement costs do not vary materially from one location to another whereas rents vary consid erably Hence, land values reflect changes in rents (both up and down) from location to location. Do you agree or disagree?
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Real Estate Finance And Investments
ISBN: 9780073524719
13th Edition
Authors: William Brueggeman, Jeffrey Fisher
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