I think you should add to the definition of real estate, that its value ...
Suggestion by 99.227.80.241 on 2009-02-17 03:11:20
I think you should add to the definition of real estate, that its value is also dependent upon the income or potential income it can generate (say as rent) and also the current rate of return on other investments (the cap or capitalization rate) i.e. if other current investments such yield 7% the value of real estate will be lower than if they yield say 3%.
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