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08E <br /> construction, deteriates and/or depreciates at a faster rate than <br /> the ordinary site built dwelling. This can cause an economic <br /> obsolescence which has a detrimental effect on market value of the <br /> site built dwelling. Economic obsolescence is defined as follows: <br /> Economic obsolescence is the impairment of desirability or useful <br /> life arising from factors external to the property. such as <br /> economic forces or environmental changes which affect <br /> supply-demand relationships in the market. Loss in the use and <br /> .value of a property arising from the factors of economic <br /> obsolescence is to be distinguished from loss in value from <br /> physical deterioration and functional obsolescence, both of which <br /> are inherent in the property. Economic obsolescence is also <br /> referred to as Locational or Environmental Obsolescence. <br /> 1 hope that this is helpful to you in making your decisions. Thank <br /> you for allowing me to be of service. <br /> Respectfully submitted, <br /> JOHN W. SHARPE, ASA - SRPA <br />