Real estate valuation : a subjective approach /
G. Jason Goddard
- New York, NY : Routledge 2022
- xi, 225 pages : illustrations ; 25 cm.
Includes bibliographical reference
1. From Austrian value subjectivity to Shackle's possibility curve -- 2. The role of machine learning and artificial intelligence 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. Discounted sellout and subjectivity -- 9. Mortgage-backed securities and subjectivity -- 10. The provocation of time.
"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, multi-family residential, hotel, office, retail, warehouse, condo conversion, and mortgage backed securities 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"-- Provided by publisher
9780367539078
Real property --Valuation Information technology --Management Artificial intelligence --Economic aspects