Property Valuation
External (economic) obsolescence is considered incurable because:
AIt costs too much to fix
BThe cause is outside the property boundaries and beyond the owner's control✓ Correct
CIt is a zoning restriction
DThe building code prohibits modifications
Explanation
Economic obsolescence results from factors external to the property—such as a nearby industrial facility, neighborhood decline, or highway noise—that the owner cannot remedy because the cause lies outside their control.
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