Which is essentially true based on long term statistics.

BTW, the IRS and government can assess the value of an option through market and statistical analysis which is beyond the scope or reasonable means of a small investor, large corporations do it everyday and in financing options.

Maybe, the market value for this one IS less than he owes, so might end up as another short sale statistic anyway!

In particular all the transactions that happened on property, the past rents as well as statistics on sale prices/rents in an area/city/ZIP code etc.

What are you going to benchmark your statistics against to evaluate your PM's performance? 

It's ridiculous -- no doubt the result of marketing people who never built anything sitting around in a meeting somewhere and finding statistics to justify their dumb ideas.Walmart's website is awful, with seemingly little connection to what you can go buy at the store.

And the lower the barrier to entry, the more unqualified people will enter, and create and become the dismal statistic.

Here are some suggestions:For population, GDP, employment and housing stats, use the Bureau of Labor Statistics: https://www.bls.gov/home.htmYou can navigate using Search or using the Subjects and Data Tools categories near the top.The easiest way is probably to just google 'bureau of labor statistics' and the name of the market you're looking at and the specific metric you want.

Just because the statistical data says a home is worth $212M, doesn't mean the house hasn't been gutted or that the 2,000 square foot add on wasn't done with a permit or that there isn't a crackhead living in the place right now using the furniture as firewood. 

You want to make sure you reach a statistically significant test sample before making any decisions on which to move forward with. (95%+ conficence of the sample representing the total population)You can use this calculator: http://drpete.co/split-test-calculatorReplace "visits" with "postcards" and "goals" with "calls/leads".