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In Japan houses depreciate quickly because there isn't a restrictive housing code that prevents new housing from being built. Also, houses built today have bet
by ErikVandeWater 5y ago
In Japan houses depreciate quickly because there isn't a restrictive housing code that prevents new housing from being built.
Also, houses built today have better design and better safety. I wouldn't want to live in a 100 year old house in LA.
- tomp 5y agoYou’re using the word “depreciate” in the common usage (“value of an asset goes down”) not in the accounting usage (“a line in the P&L statement used to offset the profit and pay less tax”)
- ErikVandeWater 5y agoAre you saying landlords in Japan cannot use depreciation against profits made?