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Published 20 hours ago • verified publisher icon sid-kap

Build valuations have wrong units in states tab?

Open mvarnold opened this issue 1 year ago • 3 comments

mvarnold avatar May 22 '23 16:05 mvarnold

It looks fine to me, what seems wrong?

sid-kap avatar May 27 '23 21:05 sid-kap

The units aren't right. I'm not sure if it needs to be multiplied by 1000 or 1000000, but there's no way that NY is seeing less than $10M worth of residential real estate investment per year. That's like less than one building. The per capita rates of investment can't be right either. Should be around whatever the average price of a home is divided by the home's lifespan ($500k/50 years = $10k/y) not cents per year.

mvarnold avatar May 27 '23 21:05 mvarnold

Thanks, I see what you mean! NYC has $2.5b in 2021, but New York state is $8m. It should probably be $8b. I'll look at the documentation, maybe the state numbers are in thousands

sid-kap avatar May 27 '23 23:05 sid-kap