Valuation & Appraisal第 65 / 120 题
A loss in property value caused by a new freeway built next to a residence is best classified as:
a.Functional obsolescence
b.Economic (external) obsolescence
c.Physical deterioration
d.Curable depreciation
解析
Economic or external obsolescence is a loss in value caused by factors outside the property, such as nearby nuisances or negative neighborhood changes. It is generally incurable because the owner cannot control external conditions. A new freeway causing noise is a classic example.
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