Which of the following is NOT a characteristic of DUST?

DUST is an acronym used in real estate and property valuation to describe key characteristics that influence the value of a property: Desirability, Utility, Scarcity, and Transferability.

Desirability refers to the demand for property in a certain area or its attributes that make it appealing to buyers. Utility is about the property’s capability to satisfy the needs of its owners or tenants, making it functional for its intended purpose. Scarcity considers the availability of similar properties in the market—limited supply can increase value.

Transferability is not listed among the options but is essential in discussing property value. Affordability, on the other hand, while related to real estate markets, does not directly influence the characteristics that make up DUST. Instead, affordability affects the buyer's ability to purchase property but does not define the intrinsic qualities that contribute to a property’s attractiveness or market value.

Thus, affordability is the option that does not align with the characteristics of DUST.