Lars Doucet - The Somers Sytem and Appraisal History

Introduction to the show.0:01 What is the summer system and how did it work?2:17 Valuing the value of a lot.5:00 What can we learn from the somers system?7:22 The importance of valuing land first.9:53 How interest rates affect the real estate market.14:48 The difference between land and capital.16:49 How much is a house worth?18:43 How population growth affects property prices.20:51 How Detroit used to be a model city.