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Part of home values dropping is also their culture of preferring new constructions over old buildings. But then again I think objectively, all things being equa

Part of home values dropping is also their culture of preferring new constructions over old buildings. But then again I think objectively, all things being equal, everyone prefers a new house, but Americans are more tolerant of old buildings.

knuththetruth 9y ago
New is culturally preferential, but the government also doesn’t enforce any kind of building standards for typical home construction (including earthquake resistance). You essentially have to buy or build new because there are zero guarantees any used housing is safe.
- A2017U1 9y ago
  Japan has some of the strictest building standards for earthquake resistance in the world. Seismic design code: https://www.fujipress.jp/jdr/dr/dsstr000100030341/ https://www.fujipress.jp/jdr/dr/dsstr000100030341/
A2017U1 9y ago
All the real estate ads in Japan include the year it was built, have never seen that anywhere else, quite sure my landlord in Australia wouldn't know if I asked.
- spacehome 9y ago
  Huh. In the US, year of construction is one of a very short list of numbers that characterizes a home for sale. It makes a big difference, too, as you can see various styles, floorplans, and uses of space fall into and out of fashion decade-to-decade. It would be quite unusual for a homeowner here not to be in tune with the year their home was built.
- spiralx 9y ago
  You could look it up in the Land Registry in the UK if you wanted to, although it's often fairly easy to guess roughly when a house was built here from the style.
  - A2017U1 9y ago
    Fair call, I just rarely see it in my country and it's not used as a marketing tool. There's some very well built old houses, places are judged on merit.
danieltillett 9y ago
I don’t, but the reason why is Australian builders can no longer build high quality houses. The current new house here is so poorly built out of such low-quality and flimsy material that it will be lucky to last 40 years.
gambiting 9y ago
>> But then again I think objectively, all things being equal, everyone prefers a new house I live in the UK and absolutely disagree - I'd much much rather buy an early 20th century house than a brand new build, with its cardboard-thin walls and elevation falling off after few years. I can bet a 1930s house will keep standing for another 100 years, while I know several people who bought new houses 5-10 years and they all need major repairs(in addition to being stupidly small - brand new 4 bed house is usually so small that none of the "rooms" fit more than a double bed).
- chrischen 9y ago
  You're probably comparing different things, but a properly built new house has 1) Radon mitigation built in 2) High quality insulation 3) Solar panels (if in California) 4) No lead pipes or lead paint 5) Ethernet wiring Of course any of the above could be achieved by a remodel, but then it wouldn't be an old house anymore.

knuththetruth 9y ago

New is culturally preferential, but the government also doesn’t enforce any kind of building standards for typical home construction (including earthquake resistance). You essentially have to buy or build new because there are zero guarantees any used housing is safe.

A2017U1 9y ago
Japan has some of the strictest building standards for earthquake resistance in the world. Seismic design code: https://www.fujipress.jp/jdr/dr/dsstr000100030341/ https://www.fujipress.jp/jdr/dr/dsstr000100030341/

A2017U1 9y ago

All the real estate ads in Japan include the year it was built, have never seen that anywhere else, quite sure my landlord in Australia wouldn't know if I asked.

spacehome 9y ago
Huh. In the US, year of construction is one of a very short list of numbers that characterizes a home for sale. It makes a big difference, too, as you can see various styles, floorplans, and uses of space fall into and out of fashion decade-to-decade. It would be quite unusual for a homeowner here not to be in tune with the year their home was built.
spiralx 9y ago
You could look it up in the Land Registry in the UK if you wanted to, although it's often fairly easy to guess roughly when a house was built here from the style.
- A2017U1 9y ago
  Fair call, I just rarely see it in my country and it's not used as a marketing tool. There's some very well built old houses, places are judged on merit.

danieltillett 9y ago

I don’t, but the reason why is Australian builders can no longer build high quality houses. The current new house here is so poorly built out of such low-quality and flimsy material that it will be lucky to last 40 years.

gambiting 9y ago

>> But then again I think objectively, all things being equal, everyone prefers a new house I live in the UK and absolutely disagree - I'd much much rather buy an early 20th century house than a brand new build, with its cardboard-thin walls and elevation falling off after few years. I can bet a 1930s house will keep standing for another 100 years, while I know several people who bought new houses 5-10 years and they all need major repairs(in addition to being stupidly small - brand new 4 bed house is usually so small that none of the "rooms" fit more than a double bed).

chrischen 9y ago
You're probably comparing different things, but a properly built new house has 1) Radon mitigation built in 2) High quality insulation 3) Solar panels (if in California) 4) No lead pipes or lead paint 5) Ethernet wiring Of course any of the above could be achieved by a remodel, but then it wouldn't be an old house anymore.