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I'm not sure if that's true - houses depreciate the same as cars. What does appreciate is the house on its location, often old houses go for land value, sometim
by chadcmulligan 10y ago
I'm not sure if that's true - houses depreciate the same as cars. What does appreciate is the house on its location, often old houses go for land value, sometimes less if they haven't been maintained because you have to factor demolition costs in.
- WillPostForFood 10y agoI mostly agree with you, but want to note that there are exceptions to land appreciating. You can look at neighborhoods in cities like Detroit or Buffalo where the house and land have depreciated to almost nothing.