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Archive | Covid-19

March 23, 2021

Valuing Real Estate During a Pandemic

The Granular Approach Covid-19 has significantly impacted real estate valuations.  For example, under the comparable sales approach to valuation, valuators look at sales prices of similar properties in recent transactions, making adjustments for differences between those properties and the subject property.  As stated by Lisa Loychik of Cohen & Co. in a paper dated August 20, 2020, “It’s debatable whether pre-Covid-19 sales can be considered comparable with post-pandemic sales, though.  Valuators are looking beyond comparable sales and considering individual circumstances on a more granular level.  This approach acknowledges that generalities… read more

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May 28, 2020

I KNOW THERE IS A PANDEMIC, BUT WHO COMPENSATES ME FOR MY LOSSES? PROPERTY RIGHTS v POLICY POWER

When government directly takes or inversely takes private property, our Federal and State Constitutions require the payment of just compensation.  But when property is taken for an emergency, the result may be different.  The federal government has an inherent “police power” to seize property without providing just compensation. The coronavirus (COVID-19) crisis is unprecedented.  In the United States, as of May 21, 2020, 93,439 people have died.  At least 1,551,853 cases of the disease have been recorded according to Johns Hopkins University.  The disease is extremely infectious and has spread… read more

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Posted in Covid-19, Property Rights
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