Property Valuation
Economic obsolescence due to changes in nearby land use is considered 'incurable' because:
AThe property owner can correct it by repainting
BThe owner cannot remedy the negative external factors — they come from outside the property✓ Correct
CThe local government prohibits repairs
DIt only affects properties in flood zones
Explanation
External obsolescence is always incurable because the negative factor (a new landfill, a highway, an industrial development) is outside the property. The owner cannot correct what they do not own or control.
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