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We can wish whatever we'd like. The logical, real-world value of a house should depreciate over time as the structure gets older and needs more repairs. The ex
by Wowfunhappy 3y ago
We can wish whatever we'd like. The logical, real-world value of a house should depreciate over time as the structure gets older and needs more repairs.
The exception, I suppose, is if the overall supply of houses and/or land decreases, but then you lock newcomers out of the market.
- voisin 3y ago> The logical, real-world value of a house should depreciate over time as the structure gets older and needs more repairs This is true, but the cost of building a new house is also rising. So at some point buying existing housing is cheaper than building a new house. That should put a floor on the depreciating value you speak of.