3 ms·
1.2 million new housing starts in the U.S. annually, though.
by hudibras 9y ago
1.2 million new housing starts in the U.S. annually, though.
- brianwawok 9y agoSure. Many are in cornfields in a small town. So random area in my zip code: https://www.zillow.com/mishawaka-in-46545/home-values/ https://www.zillow.com/mishawaka-in-46545/home-values/ It is basically flat over the last 10 years. If you go back further, it more or less matches inflation. Now look at someplace people actually want to live, like Chicago https://www.zillow.com/chicago-il-60614/home-values/ https://www.zillow.com/chicago-il-60614/home-values/ The value curve is much different. So basically, it is the land that goes up. Your actual HOUSE value goes down a tiny bit every year. I.e. all else being equal, a brand new house sells for a bit more than a 40 year old house. But if that 40 year old house is on an amazing piece of land, the overall (house + land) value could very easily appreciate a LOT.