Appraisal Matters

“But You Promised…”

I promised a real-world example.  So be it.  About a dozen years ago or so, I called and spoke to one of the designers of the Urban Land Institute’s Dollars and Cents study.  I don’t have access to the reports I did at that time (it was under someone else’s employ), but in 2002, . . . → Read More: Caveats to Industry Standard Operating Expense Studies – Part 3 of 3

Sample Size

Another factor not considered in the blanket acceptance of industry standard operating expense studies is the size of the sample.  As discussed in Part 1 of this post, Dollars & Cents appears to have a threshold where a certain number of responses for an expense category are necessary for it to be reported.  Fortunately, most . . . → Read More: Caveats to Industry Standard Operating Expense Studies – Part 2 of 3

I wonder how many people have looked at industry standard operating expense studies and simply accepted them as the truth, the whole truth and nothing but the truth.  Dare I say 99 percent?  That would be me in the 1 percent exception with a small number of other knowledgeable persons who understand the limitations of these . . . → Read More: Caveats to Industry Standard Operating Expense Studies – Part 1 of 3