Essays in Honor of William N. Kinnard, Jr

✍ Scribed by Austin J. Jaffe, Kenneth M. Lusht (auth.), C. F. Sirmans, Elaine M. Worzala (eds.)

• Publisher: Springer US
• Year: 2003
• Tongue: English
• Leaves: 338
• Series: Research Issues in Real Estate 9
• Edition: 1
• Category: Library

✦ Synopsis

The first section of the book contains seven original essays, arranged in order to coincide with Bill's (chronological) professional career. These essays cover a wide variety of real estate topics, including valuation theory, definition of market value, market analysis, the appraisal process, role of the appraiser as an expert witness, valuation under environmental contamination, and international real estate issues.

The second section of the book reprints eleven of Bill's most influential papers, selected with the help of forty of his colleagues. These articles, written by Bill and various co-authors, represent only a portion of his contributions to real estate theory and practice. They are "classics" in real estate education.

The final section contains personal reflections by colleagues, family and friends of Bill. One of Bill's most influential publications is his classic text, "Income Property Valuation", and is frequently cited in the testimonials. These testimonials provide clear evidence that Bill was an excellent teacher and real estate professional. He truly cared about his students and colleagues and worked hard to move the real estate profession forward.

✦ Table of Contents

Front Matter....Pages i-xxvii
Front Matter....Pages 1-1
The History of Value Theory: The Early Years....Pages 3-44
A Question of Value: A Discussion of Definitions and the Property Pricing Process....Pages 45-54
Dealing with Measurement Error in Real Estate Market Analysis: An Application to the Assessed Value Price Index Method....Pages 55-64
The Cost Approach and Functional Obsolescence....Pages 65-80
The Contributions of William N. Kinnard, Jr to the Field of Contaminated Property Valuation....Pages 81-89
Expert Witness Testimony and the Use of Environmental Contamination Research in Eminent Domain Cases....Pages 91-101
Challenges Confronting Property Valuation Practitioners in Australasia....Pages 103-116
Front Matter....Pages 117-117
Professional Qualifications....Pages 119-137
Ten Reasons Why Kinnard’s Income Property Valuation (1971) is a Modern Classic....Pages 139-146
New Thinking in Appraisal Theory....Pages 147-159
The Ellwood Analysis in Valuation: A Return to Fundamentals....Pages 161-167
Reducing Uncertainty in Real Estate Decisions....Pages 169-180
The Financial Logic of Investment Property Appraising....Pages 181-194
The First Twenty Years of AREUEA....Pages 195-209
The Business Enterprise Value Component of Operating Properties....Pages 211-223
Graaskamp and Business Enterprise Value: It’s in the Profit Centers....Pages 225-247
Client Pressure in the Commercial Appraisal Industry: How Prevalent is it?....Pages 249-259
The New Noneconomics: Public Interest Value, Market Value, and Economic Use....Pages 261-270
The Effects on Residential Real Estate Prices from Proximity to Properties Contaminated with Radioactive Materials....Pages 271-288
The Counselor as Expert Witness: Hazards, Pitfalls, and Defenses....Pages 289-296
Back Matter....Pages 297-328

✦ Subjects

Finance/Investment/Banking; Business/Management Science, general; Economics general