Stand - alone bear markets have
begun at higher valuations, on average.
Not only did the 2000 - 2002 bear market
begin at the highest valuations on record, the recent bull market also began at the highest valuation recorded at the start of such a run.
Not exact matches
Every time a property changes hands
at a
higher price, building assessments are raised proportionally — and
begin to be re-depreciated for these
higher valuations, regardless of how often the buildings already have been written off.
First, note how
high Colgate's stock price was relative to True Worth ™
valuation at the
beginning of calendar year 2000 which caused it to go sideways, not withstanding short bouts of volatility.
For example,
valuation can be
high at the
beginning and low
at the end.
Panics still happen but they don't hurt you much (panics always
begin at times of insanely
high prices and those following a
Valuation - Informed Indexing strategy have little invested in stocks
at such times).
However, with Welltower trading near all - time
highs and many bond - like stocks trading
at premium
valuation multiples relative to history, short - term, more risk averse investors need to keep in mind the risk of a short to medium - term correction if rates do
begin to rise and cause capital outflows for bond - like stocks.
Prerequisites Required: • Basic Appraisal Principles • Basic Appraisal Procedures • National Uniform Standards of Professional Appraisal Practice (USPAP) Course, 15 - Hour • Residential Market Analysis and
Highest & Best Use • Residential Site
Valuation and Cost Approach • Residential Sales Comparison and Income Approaches • Residential Report Writing and Case Studies • Real Estate Finance, Statistics, and
Valuation Modeling Students must sign a waiver
at the
beginning of the course stating that they have the prerequisites.