Blockbusting is a racially discriminatory and illegal practice involving coercing a homeowner to sell their property at a depressed price and causing others in the neighborhood to sell by using scare tactics.
The conformity principle is an appraisal principle that asserts property values tend to reach their maximum potential when the neighborhood is reasonably homogeneous in terms of social and economic activity.
Erosion refers to the gradual wearing away of soil, rock, or other surface materials through natural processes such as water flow, wind, or glacier movement. It is a critical concept in real estate, agriculture, environmental planning, and construction, as it affects land stability, property values, and ecosystem health.
