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Podcast: Tim Andersen, The Appraiser's Advocate Podcast
Episode: USPAP's Useless Cost Approach
Description: USPAP’s useless cost approach. It is hard to learn. Depreciation is too hard to calculate. The market does not use it. My peers do not use it. So, yes, its useless. Or is it? If you listen to this entire podcast, you may have reason to change your mind. But why?
USPAP’s useless cost approach? If you look closely, the beauty of the cost approach is not in its ability to indicate a value to a parcel of real property. Instead, its beauty is an an analytical tool. But, you rightly ask, what is it capable of anal...