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- 2011-7-2
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- 2016-6-23
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If you subtracted capital contributions from the numerator you would understate the return. Consider:
Beginning value of house = 100
capital contribution = 10
capex = 10
Ending value of house assuming no change in market value = 110 (i.e. just increase in value due to capital improvements).
If you included capital contributions your numerator would be 90 and it would look like you lost money.
Edited 2 time(s). Last edit at Friday, June 3, 2011 at 10:37AM by famouschicken. |
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发表于 2011-7-13 16:36
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