Ask Question
BusinessBusiness
15 February, 22:06

The phrase 'buy the cheapest house on the block' stems from which principle of value?

+3
Answers (1)
  1. 15 February, 22:29
    0
    Answer: Principle of Regression and Progression

    Explanation: In Real Estate Regression concept, A high-valued property surrounded by low - valued homes/property will suffer or witness decrease in value.

    While in progression concept, a low-valued property surrounded by high-valued homes or properties will have an increased value.

    Hence, The phrase 'buy the cheapest house on the block' as it will benefit from the value of the surrounding properties.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The phrase 'buy the cheapest house on the block' stems from which principle of value? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Aspen Technologies has the following budget dа ta: Estimated direct labor hours 15,000 Estimated direct labor dollars $90,000 Estimated factory overhead costs $198,000 If factory overhead is to be applied based on direct labor hours, the
Answers (1)
Which behavior demonstrates courtesy toward others in the workplace? A. working long hours to complete a work assignment B. solving complex technical problems to get a project schedule back on track C.
Answers (1)
LO 4.2Which document shows the cost of direct materials, direct labor, and overhead applied for each specific job? job cost sheet purchase order materials requisition form receiving document
Answers (1)
Exercise 06-1 Computing unit and inventory costs under absorption costing LO P1 Trio Company reports the following information for the current year, which is its first year of operations.
Answers (1)
A firm has current liabilities of $500, a current ratio of 1.5, and a quick ratio of 1.1. calculate the level of inventory for this firm.
Answers (1)
New Questions in Business
Use what you have learned about managing credit to complete these sentences. Filing for bankruptcy can debt. A major consequence of bankruptcy is that it can an individual's chances of receiving additional credit.
Answers (1)
You are considering an investment in 30-year bonds issued by Moore Corporation. The bonds have no special covenants. The Wall Street Journal reports that 1-year T-bills are currently earning 1.90 percent.
Answers (1)
Whos the richeist family
Answers (1)
What type of organizational structure would a major nationwide insurance company use?
Answers (1)
What explanations have economists offered for why firms don't raise prices when doing so would seem to increase profits? Firms might not raise prices when doing so might increase profits because A.
Answers (1)
Home » Business » The phrase 'buy the cheapest house on the block' stems from which principle of value?
Sign Up Forgot Password?