This could be summed up as "the amount of Black housing wealth is not, in reality, changed by some bureaucrat announcing that it has doubled". The house remains the same when you write a little ticker saying the price at which you cannot sell it is $5million.
Hmm, the sales comparison approach gives different valuations?
Would they actually write a cheque to cover the apparent discount when the property is sold?
If so, what happens next?
This could be summed up as "the amount of Black housing wealth is not, in reality, changed by some bureaucrat announcing that it has doubled". The house remains the same when you write a little ticker saying the price at which you cannot sell it is $5million.