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The building does appreciate sometimes, at least here in Germany because the increasing absurdity of bureaucracy and regulations make the same class of house mo
by tsss 2y ago
The building does appreciate sometimes, at least here in Germany because the increasing absurdity of bureaucracy and regulations make the same class of house more and more expensive to build. At the same time, "lower classes" of houses become outright illegal to erect, leaving only the luxury segment for new buildings. Old buildings have grandfather privilege and thus become more expensive than an equivalent new build would be, simply because you aren't allowed to build new.
- mym1990 2y agoRight, I'd figured there are exceptions to my assessment, and my view is only from the US. Many homes in the US are are seemingly being built with lower quality/faster timelines, and I personally would not want to see what they look like in 30 years... There is also the consideration that "lifestyle" appreciation can also happen. If an area gets really built up, more things are happening in the neighborhood that make it a more appealing place to live in, the allure of that lifestyle will push people to buy homes that are probably not worth much in another location.