I find this kind of reasoning bizzare. Yes, the economic value and desirability are exactly the same. You just seem to discount the location of the condo as no

I find this kind of reasoning bizzare. Yes, the economic value and desirability are exactly the same. You just seem to discount the location of the condo as not being part of the value the condo is providing. But it is in fact the most important part of the value.