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This is a bit dramatic. All buildings are depreciating assets. This was true before the idea of the McMansion existed. It’s the land that is scarce and is th
by dangus 4y ago
This is a bit dramatic.
All buildings are depreciating assets. This was true before the idea of the McMansion existed.
It’s the land that is scarce and is the appreciating asset.
The truth of the matter is that any house that is around long enough gets repaired over time.
- ghaff 4y ago>It’s the land that is scarce and is the appreciating asset May be appreciating. Depends on where it is. A lot of land in metro Detroit hasn't appreciated in certain timeframes. Nor on some barrier islands.