> Ben and Valentina Bethell spent about $3.5 million in 2009 [..]. The couple listed the home in 2015 for $4.495 million, and have since reduced the price to $3.995 million.
It's somewhat insane that houses are automatically assumed to appreciate. They have lived in the house for a decade, and it's no longer brand new. Why should the purchase price now be half a million more than the construction costs were?
It's somewhat insane that houses are automatically assumed to appreciate. They have lived in the house for a decade, and it's no longer brand new. Why should the purchase price now be half a million more than the construction costs were?