4 ms·
This would make sense if the housing were of higher quality than it used to be. I think the same house dated 50 years ago might be worth more of a median price
by conanbatt 8y ago
This would make sense if the housing were of higher quality than it used to be. I think the same house dated 50 years ago might be worth more of a median price today, even though its the same but older house.
- anovikov 8y agoHouse built 50 years ago is firstly, about half as big as today. Personal living space more than tripled in 100 years and more than doubled in 50 years.
- conanbatt 8y agoBut what is the price change of that same house? If the house of old is worth more today, its higher value for the same unit of space (and also stock decay). Are old houses cheaper or more expensive today, taking into account house depreciation?