What is wrong with the following statement property x is
Question: What is wrong with the following statement: Property X is worth $10 million in the market today because it produces $1 million of annual net income, and cap rates in the relevant property asset market are currently 10%.
Now Priced at $10 (50% Discount)
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question what is wrong with the following statement property x is worth 10 million in the market today because it
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