Regression and Progression
Regression
In general, the worth of a better-quality property is adversely affected by the presence of a lesser-quality property. This is known as the principle of regression. Thus, in a neighborhood of modest homes, a structure that is larger, better maintained, or more luxurious would tend to be valued in the same range as the less lavish homes.
Progression
Conversely, under the principle of progression, the value of a modest home would be higher if it were located among larger, fancier properties.
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