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A comment on San Francisco braces for commercial real estate crash. Parent comment

Re:San Francisco braces for commercial real estate crash by bombcar on Tuesday September 06, 2022 @03:02PM (#32741669)
Real "house price" for a given house should actually go down over time, because it gets older and worn down and just not quite as good as the new hotness.
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Re:San Francisco braces for commercial real estate crash by JumpCrisscross on Tuesday September 06, 2022 @03:15PM (#32741868)
> Real "house price" for a given house should actually go down over time, because it gets older

House, as in structure, yes. Home, as in structure + land, probably not. Real wages are higher today than they were in the 80s [1]. One would expect some of that to filter into land value.

[1] https://fred.stlouisfed.org/series/LES1252881600Q

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Re:San Francisco braces for commercial real estate crash by mechanical_bear on Tuesday September 06, 2022 @03:16PM (#32741884)
Most people are constantly doing upgrades to their homes, as well as maintenance.
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