- Gary Snowdon, ASA
is a commercial real estate appraiser who appraises all non-residential property and specializes in industrial and vacant land valuation, and diminution of value cases, in Upstate New York.
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Contact Gary
E-mail: Click Here
518-227-0011
Snowdon Valuation
589 Highwood Circle
Albany, NY 12203
Category Archives: Economic Observations
Why Aren't Big Banks Lending?
Image by Tracy O via Flickr The Business Review reports an explanation from Hugh Johnson: Hugh Johnson, chief investment officer for Johnson Illington Advisors in Albany, said there may be other reasons why big banks aren’t throwing open the purse … Continue reading
Posted in Capital Region, Economic Observations, National
Tagged Federal Reserve, Finance, Inflation, Interest rate, LinkedIn
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What's the Cap Rate?
A group of brokers recently asked me to comment on another appraiser’s newsletter. The newsletter reported three capitalization rates, each for a different property. “How can this possibly be the retail cap rate in our region?” they asked about one.
The Valuation of a View
I presented a PowerPoint presentation on the appraisal of the Olana Viewshed (and conservation easements in general) on May 16, 2009 at the Hudson Valley ASA Fred Iusi Conference in Albany, NY. Here’s a sample of the presentation (without audio). … Continue reading
Statistical Stupor
The availability of statistics has made the appraiser’s life much easier over the last ten years. But good access to data does not ensure good analysis. My friend, appraiser Robert Pichette (Real Estate Appraisal Associates, West Milford, NJ), sent this … Continue reading
Posted in Economic Observations
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Dealership Deals
James R. MacCrate, MAI, CRE, ASA argues on his blog, Appraisal and Valuation Issues, that automobile dealerships, often considered to be special use properties, may no longer be considered as such due to the expected glut of vacant dealerships as … Continue reading
Deja Vu
Robert L. Heilbroner, in his text, “The Worldly Philosophers,” describes the years preceding the Great Depresion: …the average American had used his prosperity in a suicidal way: he had mortgaged himself up to his neck, had extended his resources dangerously … Continue reading
The Language of Real Estate
photo credit: HowardLake Among new terms reported in the New York Times article, Buzzwords 2007, today are two related to real estate: Ninja Loan n. No income, No Job or Assets. A poorly documented loan made to a high-risk borrower. … Continue reading
Posted in Economic Observations
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