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Office Market Values During the Past Decade: How Distorted Have Appraisals Been?

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NBER1992-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4128
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资源简介:
This paper develops evidence that, in a declining market, appraisal values may lag notably behind analytical measures of the discounted present value of commercial property cash flows. For the period 1982-92, alternative measures of the economic value of constant-quality office buildings are
创建时间:
1992-07-01
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