Real Estate Analysis: A Marriage
between Macro and Micro
¨
¨
¨
MACRO > MICRO
¨
Macro
J
, Micro
J
=
J
¨
Macro
J
, Micro
L
=
J
¨
Macro
L
, Micro
J
=
L
¨
Macro
L
, Micro
L
=
L
¨
As in land surveys, from
whole to part
