3 ms·
> That feels like some kind of violation of whatever is the financial equivalent of the laws of thermodynamics Houses lose in value slower. A 20 year old compu
by legulere 4y ago
> That feels like some kind of violation of whatever is the financial equivalent of the laws of thermodynamics
Houses lose in value slower. A 20 year old computer is worth basically nothing because of technological progress, the house I’m currently living in is 60 years old.
Then there’s the land the house stands on. Land is a limited resource that cannot be increased by production, especially in proximity to population centers. It follows completely different laws than mass-producible products.