Long Island Real Estate Investment Association (LIREIA)
Area: Melville, NY
Website: www.lireia.com
Contact Person: Melissa Gagliano
Phone: 631-845-1000
Fax: 631-845-1223
Email: info@lireia.com
Meeting Time: 2nd Tuesday, 7:00 p.m.
Meeting Location: Huntington Hilton, 598 Broadhollow Road, Melville, New York 11747
Additional Details: For-profit organization, Not a Member of National REIA
MuRat says
David: Thank you. I am relatively new to real esttae from varying business backgrounds (lawyer, technology sales and systems integration) and publishing technology and investment magazines. We then discovered real esttae. We apply normal business measures and find a lot of weird results.Try this: Wall Street measures 100% of the market each day to update indexes. Residential real esttae measures .05 of the total stock each month to impute market value and update market performance indexes.Any statistician would laugh you out of the room with such an error prone fractional sample, yet the world hangs on every word from OFHEO, Case/Shiller and NAR with a blind traded asset measurement and reporting approach to non-traded assets. Perishable oranges to Wax apples, indeed. Thank you for your great words. Thanks A