The value of a House does depreciate, especially when not taken care of. Even then maintaining comes with significant costs. You have repairs like water heaters

The value of a House does depreciate, especially when not taken care of. Even then maintaining comes with significant costs. You have repairs like water heaters, plumbing, roof, painting, hvac l, kitchen, bathrooms, floors, the list goes on.. that are due eventually. Next older homes are much less energy efficient,had to adhere to different building standards or might've been built in a style that does not appeal anymore. Plenty of reasons why a home should not increase in value,just because. Where this becomes really irksome to me is for rentals. Unfortunately most landlords do the bare minimum with regards to upkeep (financially this just makes the most sense I bet), but they can easily upsell it to the next investor, if they're in a good area.