Implicit in the development of the income approach is its ability to recognize the full amount of economic obsolescence, not achievable through the use of the market or cost approach.

在逐步使用收益法的过程中，包含着它辨别所有经济性陈旧的能力，而这些在使用市场法或成本法的过程中却做不到。

youdao

Just as the price of a share should equal the discounted present value of future profits, so the price of a house should reflect the future benefits of ownership either rental income or the implicit rent saved by an owner-occupier.

ECONOMIST: The higher they climb, the further they will fall