Functionally Obsolete #realestateinvestment #shortvideo #shorts #short

Functional obsolentist, which means that it's functionally obsolete. So when you look at different floor plans, for instance, one of the things is if you have to walk through a bedroom to get another bedroom that's functionally obsolete. You know, when these people Christian, like the triple story house we just walked, that's one where somebody over built and overdid for the neighborhood. And that's somebody that typically builds that stuff for their own personal use without thinking in the future because something like that. The hard part is if they built it double or triple the square footage of everything else in the neighborhood, there's no way an appraiser can support the value of that. So let's say the neighborhood is 300 bucks a square foot. Everything around it is 1,000 square feet. And all that stuff sells for 300,000. It doesn't mean that that house, because it has 3,000 square feet, is magically worth 900 grand. It won't support it.