Re:Low interest rates in advanced countries have pushed mone...
by Spooky23 on Wednesday November 24, 2021 @03:57PM
(#29335058)
I think you’re confusing depreciation with value.
In most cases every 20 year increment backward yields a higher quality house. Newer houses are garbage in many dimensions.
An older home requires a little more capital investment, but if it has lasted 130 years, it’s sound and could be remade/modernized at a cost well below any new construction.
In most cases every 20 year increment backward yields a higher quality house. Newer houses are garbage in many dimensions.
An older home requires a little more capital investment, but if it has lasted 130 years, it’s sound and could be remade/modernized at a cost well below any new construction.