Remainder marks [follow-up]

Scot Kamins kamins at dogeared.com
Thu Mar 6 19:15:17 EST 2003


At 4:02 PM -0800 3/6/03, Scot Kamins wrote:
>At 1:00 PM -0500 3/6/03, HTatML at aol.com wrote:
>>Talking about remainder marks in general and not just ML ones.
>>The importance of a remainder mark (and to some extent it depends 
>>on how that looks, spray, heavy lines, a dot etc) and the age of 
>>the book. For those who like formulas I would say something like 
>>100/2+n expressed as a percentage is appropriate, where "n" is the 
>>age of the book.  If the book is one year old that would reduce 
>>value by 1/3rd.  20 years old would be 100/22 =  4.5% 
>>approximately. Enjoy!
>
>Of course, a pedant would say that the correct expression of the 
>formula is 100/(2+n) - but thank heavens there are no pedants here!
>--
Also remember as somebody - was it Pete? - has pointed out, that 
refers to the book portion only, and the value of ML's is mostly in 
the DJ's.
-- 

Regards,

Scot Kamins
...........................................................................................
Residential Real Estate Broker in Portland Oregon
Bringing a New Level of Integrity to the Real Estate Industry
(503) 997 0199
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