4 ms·
I always wonder what happens to your skyscraper 50 or 100 years from now. If I buy a house I own assets for the price of the house plus the price of the land o
by probably_wrong 2y ago
I always wonder what happens to your skyscraper 50 or 100 years from now.
If I buy a house I own assets for the price of the house plus the price of the land on which it sits. If the house burns down I still own the land underneath.
But if I buy an apartment on a skyscraper and it is deemed uninhabitable all I end up with is the price of the land minus the price of demolishing a skyscrapper divided by the number of people living there. That doesn't sound like a good investment long-term.
- AvocadoPanic 2y agoChamplain Towers South in Surfside was only 30 years old when it collapsed.
- analog31 2y agoThis seems similar to a condo.