Ten Reasons Why Kinnard’s Income Property Valuation (1971) is a Modern Classic

Abstract

In February 1971, a serious textbook “directed toward the student of appraisal, with or without experience in the residential property field, who has little or no background in income property valuation,” ¹ made its appearance on the Lexington Books list of new books. The author’s stated objective was to build upon “prior exposure to the principles and techniques of real estate appraisal” using existing tools and ideas new to the appraisal literature but not new to others.²What was different, the author argued, was a “framework that is somewhat innovative.” ²Given the competition at the time (and for years to come), this book proved to be years ahead of its time.