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Japan seems to be the exception actually, in the US houses certainly are appreciating assets, market crashes and such notwithstanding.
by TheGRS 8y ago
Japan seems to be the exception actually, in the US houses certainly are appreciating assets, market crashes and such notwithstanding.
- ska 8y agoUsually the land they are on is appreciating. The houses themselves depreciate. Sometimes the distinction doesn't matter - but here one of the things we are talking about people knocking down serviceable houses to build new ones. This approach can sometimes even be compelling if land prices rise to a degree completely out of character with the homes originally built on them. See, for example, SF bay and Vancouver.