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> Even with basic maintenance everything wears out over time. There's basic ongoing maintenance yeah, but I don't think that counts as deprecation in any sensi
by chrisseaton 4y ago
> Even with basic maintenance everything wears out over time.
There's basic ongoing maintenance yeah, but I don't think that counts as deprecation in any sensible way does it? If you keep your oil paintings in a mouldy cupboard they'll rot, but we don't say art is a deprecating asset because of this. You just make sure they don't rot and clean them every now and again.
Houses can stand for hundreds and hundreds of years. As they get older they get more valuable because people like older buildings for aesthetic reasons.
- CogitoCogito 4y ago> As they get older they get more valuable because people like older buildings for aesthetic reasons. Is this really true in general? I mean sure I can find examples of it being true, but it's kind of assumed that many of the old houses in my parent's neighborhood of San Diego are teardowns whenever a buyer comes interested.
- synu 4y agoMaybe it’s something with the way houses are built there? I am in a smaller old city in Europe and I’d say the majority of houses around me are about as old as the US, or a little older, and it’s not all about to fall down (or even close).
- RhysU 4y ago> If you keep your oil paintings in a mouldy cupboard they'll rot, but we don't say art is a deprecating asset because of this. The house fundamentally is in a "moldy cupboard". Its entire purpose is to provide shelter from the "mold".