4 ms·
> The minimum value for a house will always be the price of reconstructing the house from scratch. That’s always it’s value - plus the cost to move it to your
by foogazi 4y ago
> The minimum value for a house will always be the price of reconstructing the house from scratch.
That’s always it’s value - plus the cost to move it to your own plot - it’s a depreciating asset that needs maintenance
The observable price increase comes from the price of the land - they are not making more you know