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While I wouldn't call it consumable, you do have to put money into it if you want to keep it working and in good state But the house part is not an investment.
by ilyt 3y ago
While I wouldn't call it consumable, you do have to put money into it if you want to keep it working and in good state
But the house part is not an investment. It's the land that appreciates in value, the value isn't in a bunch of bricks and boards that sits, it's the location of the piece of land.
- com2kid 3y agoThe most highly valued residential land only has high value because of supporting infrastructure and other people. Be it incredible schools, or a high quality of life from density, or proximity to culture, value comes from the things people build around houses, not the houses themselves. Proof of this is trivial, huge mansions in the middle of nowhere cost less than a studio apartment in a desirable area.