2 ms·
Maybe in silly-con valley. Around most places the land goes up very slowly, but the house’s depreciation is reduced by steady repairs.
by bombcar 1y ago
Maybe in silly-con valley.
Around most places the land goes up very slowly, but the house’s depreciation is reduced by steady repairs.
- lotsofpulp 1y agoI can envision a future (maybe even the present in some areas) where increasing prices of skilled labor and/or materials results in a structure’s price increasing even though it is aging.
- binary132 1y agoI mean, the simple fact of inflation and urban flight during the covid spending bubble did indeed cause prices to go up quite a lot for many properties.
- bombcar 1y agoWe have something somewhat like that where structure prices ARE increasing for a number of reasons - including the cost to build a new one.