His methods of valuation were widely studied and adopted NHL 18 Coins. Local realtors had study groups to learn the new way of appraising homes. Eventually, he was asked to create the Federal Housing Administrations lending handbook.And his techniques were, among other things, openly racist.The fundamental premise of real estate appraisal in the early century was that there was a natural rise and fall in property values, largely dependent on the constitutions of the people living there.
The central districts of a city were built first and were highly valuable, but then prices would fall as the upper classes moved to new housing further and further from the downtown core. At the same time, the closer in neighborhoods would be successively infiltrated by lower and lower classes. In American cities it can be readily observed that residential districts pass through periods of successive occupation by one class or type of people after another, Babcock wrote.