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15 February, 22:06

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

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  1. 15 February, 22:29
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    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.
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