Comment by galangalalgol
2 days ago
Except that outside of Japan, it is unusual for detached homes to depreciate in value. Apartments though you do have a point. Unless the location adds the value they will depreciate over time.
2 days ago
Except that outside of Japan, it is unusual for detached homes to depreciate in value. Apartments though you do have a point. Unless the location adds the value they will depreciate over time.
It's not unusual at all. Here's a bunch in America just over the past 12 months and during a huge economic expansion with low unemployment.
https://www.realtor.com/news/trends/zip-codes-cities-home-pr...
Detached houses almost always depreciate in value everywhere and require constant maintenance expenses just to keep from falling apart. It's the land under the house that appreciates in value. People often mix those two numbers up.
Not my experience. Cost to rebuild and cost/sqft seem to outpace inflation.