Oakland shows how to expand housing supply: tell developers they can build homes

Re:Oakland shows how to expand housing supply: tell develope... by jerf on Monday December 02, 2019 @12:56PM (#21684839)

"You would naturally expect the value of a home to decrease by some amount each year."

If you deduct maintenance from your home value, it more-or-less does. I don't see why a maintained home "should" decrease in value, though. A lot of the value of a home is in the structure, which tends to wear much more gracefully than, say, a car's body.

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Re:Oakland shows how to expand housing supply: tell develope... by asdff on Tuesday December 03, 2019 @04:32AM (#21691061)

There is little that maintenance can do to prevent a 100 year old foundation from 'settling' in a pretty precarious way. Or finding out one day that the water pipe is a 100 year old wooden pipe that is now rotted through. As a house gets older, maintenance ($) turns into renovation ($$) then critical overhaul ($$$), even in the houses with good bones.

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