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A lot of this is discussed by strong towns. What is appreciating is the land underneath the house due to supply and demand. The physical house depreciates over
by michael_vo 4y ago
A lot of this is discussed by strong towns. What is appreciating is the land underneath the house due to supply and demand. The physical house depreciates over time.
They discuss numerous solutions like abolishing zoning laws as well as changing tax code to tax the land and not the value of the home.
I’m still optimistic that technology will disrupt building costs and totally change our options. Imagine if we could buy a 3d printed home for 50 percent of current costs.
- rootusrootus 4y agoI'm having trouble following you. > What is appreciating is the land underneath the house > Imagine if we could buy a 3d printed home for 50 percent of current costs. Why would the latter make much difference if the former is dominating the price of the house? We can already test a version of this in the real world. Home builders are building largely identical houses now as they were 10 years ago, but the houses cost three times as much. I don't believe for a minute that my builder pays 3x for the people he employes to build the homes, or the materials, as he did in 2012. I also doubt very much he's just pocketing a huge amount more profit. He's paying a lot more for land now than he did in 2012.