A MultiFamily Question on Adjustments

[CANative]

I know several farmers who don't have much book learning but are nevertheless out standing in their fields.

 

[Mr Rex]

I know several farmers who don't have much book learning but are nevertheless out standing in their fields.

 

[SANDY]

I am still not done bangin on some of you- Looks like my old AI book says the following with regard to the development of a grm-
An appraiser begins by gathering recent sales of properties that are competitive with the subject and similar to it in terms of lease, expense and income characterizations.
So it looks to me like one would need recent sales of similar 2-4 properties which Property said were not available.
Then it says-the price of each property is divided by the monthly rent from all units in the property as of the date of sale.
There's that nasty word "sale" again!!
Oh well I guess you folks know what your doing anyway.

 

[SANDY]

Just reviewed the posts on this tread and I came to the conclusion that some have failed miserably in their attempt to justify using income approach methods in both the income and csa approaches. Just because the AI lists as part of their accepted methods in the income approach, the use of an income capitalization method doesn't mean one should apply it as part of the sca to the exclusitivity of other sca methods.
If this were a class many would be looking at a failing grade-maybe some would even have to consider having their Daddy make a big ole donation to the AI to add a wing to their library so their kid could get a passing grade!

 

[hastalavista]

Just reviewed the posts on this tread and I came to the conclusion that some have failed miserably in their attempt to justify using income approach methods in both the income and csa approaches. Just because the AI lists as part of their accepted methods in the income approach, the use of an income capitalization method doesn't mean one should apply it as part of the sca to the exclusitivity of other sca methods.

Who said exclusivity?

If this were a class many would be looking at a failing grade-maybe some would even have to consider having their Daddy make a big ole donation to the AI to add a wing to their library so their kid could get a passing grade!

I thought (and I apparently I thought wrong) that you commented it was unfortunate such things couldn't be discussed without degrading in tone and content- Does your above comment add to the professional level of this discussion?

 

[SANDY]

I was referring to the last 2 posts before mine. I believe that Property and the others were discussing their use of capitalization in the sca and it was you Dennis that posted the AI list of allowable sca techniques that included income capitalization.
Why don't we start with some responses to my other posts after Rex and Boyd's childish posts!

 

[CANative]

Sandy,

Your arrogant attitude, snotty posts and obvious lack of understanding or even acknowedgment of appraisal techniques beyond simplistic GSE format methods makes childish retorts the only appropriate response available.

I suspect you are merely relaying the basics of our posts (out of context) to your supervisor. He/she then provides a "comeback" for you to post with. However much is lost in the translation due to your inexperience. Why don't you have him/her join us directly in a conversation? I am more than willing to learn or change my opinions if I am wrong.

 

[SANDY]

Greg:

Please respond to posts #63 and 64-your extra-ordinary assumption about my supervisor is wrong. My supervisor is merely reading this and laughing his a-- off at you guys. In fact he wants to know who trained you!
Try debating the issue-It doesn't matter who you think(if anyone at all) is advising me-debate me on the issues if you dare!!
Ask your Daddy for help-you need it!

 

[PropertyEconomics]

Sandy you dont have a right to BANG on anyone. Or perhaps that is your specialty. If so .... you have the wrong type of website here ... you should look back and see those sites where you learned to be the *** you are.

 

[SANDY]

Let me make it simple for you-

If you truly don't have any sales good enough to develop a credible sca then do one of two things- a) fess up to it and tell your clients that you were unable to develop a credible sca due to lack of data or b) do a less reliable sca and explain in your reconciliation that the income approach is the most reliable.
But stop the sham of doing two income approaches and calling one of them a sca!!!