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A comment on Maybe Treating Housing as an Investment Was a Colossal Mistake. Parent comment

Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by AstralStorm on Monday March 06, 2023 @04:01PM (#35047532)
The valuation is always extrinsic, and as such, a tacit cartel.

Property should depreciate. If you hear that it doesn't, there's a massive structural problem, likely one of the described above.

And these people using the property thinking they're gaining something are not doing anything about it, dooming their heritors.

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Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by sokoloff on Monday March 06, 2023 @04:58PM (#35048280)
Buildings should depreciate with wear (in real [after inflation] terms). Land should not, at least not land used for residential purposes.
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Re:Maybe Treating Housing as an Investment Was a Colossal Mi... by nemo44x on Monday March 06, 2023 @08:07PM (#35050168)
Land goes up in value. We have more people and more demand.

Structures get repaired and renovated. My house is over 100 years old but I just pumped 700k into it. Does its value not increase?

Homes are expensive to maintain.

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