Which Means What Exactly?
The concept of highest and best use (HBU) originated with early economists who conceptualized the idea of maximum productivity. One of the earliest citations of the term was used in the assessment and valuation of real estate. HBU always refers to a use that will produce the highest value, regardless of its actual current use.
Ok, thanks for the econ lesson but how does this apply to me and help me in finding a job today? Stay with us on this one.
HBU applies to you in...