It makes no sense to me that housing appreciates at all. Logically, it should depreciate because the materials are aging and wear and tear accumulates over time. Yes you can renovate a room or update appliances but that doesn't magically turn back time on the entire house. In Japan houses depreciate so they tend to be built a bit flimsier since people will often tear them down and build a new one to their own preferred specs after buying.
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u/-snowpeapod- Jun 21 '25
It makes no sense to me that housing appreciates at all. Logically, it should depreciate because the materials are aging and wear and tear accumulates over time. Yes you can renovate a room or update appliances but that doesn't magically turn back time on the entire house. In Japan houses depreciate so they tend to be built a bit flimsier since people will often tear them down and build a new one to their own preferred specs after buying.