Comparable selection is fundamental. In the traditional “valuation process,” first the “relevant characteristics of the property” are identified. Then in the “data collection” step, “Comparable Property Data” is collected. The subject is depicted by relevant characteristics (predictor variables), and comparables are chosen to fit that depiction. In the traditional procedure, these are called “elements of […]
Regression is just a math formula. Regression is not magic. The answer is only as good as the data used. Regression is a tool. It is helpful to understand the difference between a tool and a model. To build a house, you need a hammer, the tool. You also need a nailing schedule, which tells you […]
Evidence Based Valuation Practice: Toward Real Price Indexing As a first, fully-explained example of the EBV approach, I want to look at one of the earliest but more important applications of our new way of thinking – price indexing. We can simplify things by looking at what we were taught, in order to discard some […]
Why this is Called the ‘Analogue Blog’ and Why You Should Join in. Well, for one thing it rhymes and helps create curiosity. And the words mean something. “Blog” is part of the purpose of this web presence and community. “Analogue” describes well the core spirit of the community we are connecting. A blog is […]
What is the Mission of the Analogue Blog and Why You, as an Appraiser, Should Care. A blog shares “thoughts, opinions, and experiences.” The intent of this blog is to provide a starting point for thoughts, opinions, and experiences – perhaps a starting point for a community of activists. There are a growing number of […]
I’m an appraiser, just like you. This blog is dedicated to asking big questions, inviting opinions, exploring new ways of doing things. I’m daring you and me to step out of our collective comfort zones and think in new ways about our profession. I’m hoping that the dialog that we develop will lead to positive […]
