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Land Appreciates and Houses Depreciate: Fact or Fiction?

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Your Investment Property | 04 Oct 2012, 12:00 AM Agree 0
The premise for the “houses depreciates” is that the value of the house goes down over time, just like a car or a computer, making it a bad investment. Of course this is not fact.
  • STEPHEN CORRY | 21 Oct 2012, 10:00 PM Agree 0
    I used to be a subscriber to the idea that property goes up and the building goes down in value. I then heard about the change in priorities for typical young couples and Gen Y. They now looking for convenience and accomodation that suits their lifestyle. They dont want to drive long distances, they dont want a big yard to mow, and they dont have big families. So where is the need for a house in the outer burbs? They do want restaurants, bars and entertainment. Units are more in demand these days - and demand is where the rubber hits the road.
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