3 ms·
The valuation is always extrinsic, and as such, a tacit cartel. Property should depreciate. If you hear that it doesn't, there's a massive structural problem,
by AstralStorm 4y ago
The valuation is always extrinsic, and as such, a tacit cartel.
Property should depreciate. If you hear that it doesn't, there's a massive structural problem, likely one of the described above.
And these people using the property thinking they're gaining something are not doing anything about it, dooming their heritors.
- sokoloff 4y agoBuildings should depreciate with wear (in real [after inflation] terms). Land should not, at least not land used for residential purposes.
- nemo44x 4y agoLand goes up in value. We have more people and more demand. Structures get repaired and renovated. My house is over 100 years old but I just pumped 700k into it. Does its value not increase? Homes are expensive to maintain.