I agree with you. Please see my post and comment. Thank you

I don’t see your point with “Then a regular sized home with a finished basement could technically compare with a much larger sized home that did not have a similarly finished basement.” Because you are still calculating the sqft, so it doesn’t matter that the larger house doesn’t have a similarly finished basement, also there is kind of a definition of “finished basement”.

I believe that a walkout basement that has windows and everything and uses the same materials as the “grade level(s)” use, should be counted in the GLA.

Plus, it doesn’t COST Less to finish a basement!!! In fact, sometimes it cost more, so why then should it not be included in the GLA? It is a living space.

Some people can not spread their house out wide to create GLA, so they should be given the opportunity to create GLA vertically to add value to their home.

I think they should create a standard of what a finished basement MUST have in order for it to be counted in the GLA, ie… it must be a walkout, it must have at least 2 standard-sized windows like a 2 X 2 and a 2 X 3 or larger, it must have forced heating and air HVAC system or mini-split HVAC, it must have waterproof flooring, it must have a flood prevention system, it must have a least 8 ft ceilings etc….. and remove the fact that it can not be below the grade, because, technically, it was the grade first right? Then the basement walls are covered up to create a new grade level.

I feel that if your basement can not be counted the same as the level or levels above it, then it should not cost as much as they do, or they should be free!!!

Now can anyone tell me where do we start to seek to have a finished basement, with standard guidelines to be set the ANSI be counted as part of the GLA?

Because if it was, it would be misleading. Then a regular sized home with a finished basement could technically compare with a much larger sized home that did not have a similarly finished basement. Categorically, it is appropriate to separate the basement because not all homes have finished basements as a standard, and this helps clear up for better matching by type, AGLA comparisons. It would be acceptable to include finished basements, only if all other homes had finished basements as well, and all of them had equally sized basements in proportion. As that will never happen, AGLA vs GLA, important distinctions which allow the applicability of size bracketing review, better character matching and such.

Finished basements, anything can happen in basements. Long term, things in the basement usually don’t make it. The upstairs is usually far better protected, better taken care of.

Look at this. Samuel Miller mentioned in zerohedge, and IW picked up on it too. Some new trends to consider. I think ‘urban flight’ is a fitting definition for this activity.
https://www.zerohedge.com/markets/ny-landlords-slash-prices-third-rentals-newyorkers-flee
https://www.infowars.com/nyc-landlords-slash-prices-on-rentals-as-residents-flee/

Fixed. Thanks for letting us know Julio!