4 ms·
People de-risk their asset by building it as easy to not offend as possible so if they have to sell it they can find a buyer with relative ease.
by boringg 3y ago
People de-risk their asset by building it as easy to not offend as possible so if they have to sell it they can find a buyer with relative ease.
- pixl97 3y agoYou may be understating this quite considerably. I remember reading Future Shock when I was quite young and the parts about people changing jobs quite often and living closer to nomads stuck with me, even though I have to say I've forgotten most of the book. Simply put anything modern is likely to change its purpose many times in the lifetime of the building. A company might have its headquarters in one place for 100 years, but probably not. It may move to a bigger building, be bought and dissolved, or go out of business before the usefulness of the building itself. Having a generic asset is worth more in cases like this. Same with housing and the 'millennial grey' people point out these days. Most people expect to move many, many times within their lives. I've moved 10 times myself, and I know people that have moved far more than that. A house is rarely looked at like a forever place, and few families seem to keep their houses in the family for multiple generations. Add to this that family size in the US is rapidly shrinking there are a lot of people who know their assets won't be passed on, but sold instead.