I've never understood why people think houses should appreciate in value. Houses don't get "nicer" as they get older.
Now, I understand that a neighborhood can become more desirable, or the land where the house is becomes more constrained, but that doesn't apply to every house. I feel like most of America (outside the cities) has plenty of room.
I guess that's partly why the housing bubble collapsed? It was based on feelings or something?
Now, I understand that a neighborhood can become more desirable, or the land where the house is becomes more constrained, but that doesn't apply to every house. I feel like most of America (outside the cities) has plenty of room.
I guess that's partly why the housing bubble collapsed? It was based on feelings or something?