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If real estate were a depreciating asset rather than an appreciating one, this would not be a problem. Imagine if we had a surplus of housing in major cities (c
by joefourier 6y ago
If real estate were a depreciating asset rather than an appreciating one, this would not be a problem. Imagine if we had a surplus of housing in major cities (certainly possible with modern technology if you put politics aside) and homes had to compete in the manner of consumer goods such as automobiles.