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True, but becoming less common as build quality increases. Setting aside woo-woo explanations (e.g. "people are afraid of ghosts"), the primary driver of this p
by timr 3y ago
True, but becoming less common as build quality increases. Setting aside woo-woo explanations (e.g. "people are afraid of ghosts"), the primary driver of this phenomenon was/is that older construction isn't up to code, and costs more to bring up to code than to knock down and rebuild.
Houses with more intrinsic value -- for example, traditional timber-frame homes, or machiya in Kyoto -- have more interest for remodelers, even today.
- deleted 3y ago[deleted]
- lmm 3y agoA cultural preference for new-build is not woo-woo. Americans will pay more for a lower-quality "new" car than a higher-quality "used" one, do you consider that woo-woo?
- stubish 3y agoPay more for a lower-quality car than a higher-quality one. Marketing and other social conditioning, so woo-woo sounds about right. While there are certainly reasons to buy new cars over old in many cases (features, maintenance & ongoing costs), the main driver for new cars is prestige. In Thailand for instance, you wanted to leave the red dealer plates on for as long as possible, because everyone could see you have a new car.