Intriguingly, the economic importance of current account variations in accounting for the real
estate valuation exceeds that of the other variables, including the real interest rate and inflation.
Hereafter, the amount to be raised by tax on real
estate in any fiscal year, in addition to providing for the interest on and the principal of all indebtedness, shall not
exceed an amount equal to one per centum of the average full
valuation of all of taxable real
estate within the County, less the amount to be raised by tax on real
estate in such year for the payment of the interest on and redemption of certificates or other evidence of indebtedness described in paragraphs A & D of section five of article eight of the constitution of the State of New York.
«When the perceived
valuations in the private market vastly
exceed the
valuations in the public market, it's a great way for buyers to acquire a portfolio in one fell swoop,» says Keven Lindemann, director of real
estate at SNL Financial.