But under the current global monetary system, buildings increase in monetary value as they physically depreciate. If they are maintained or improved, their value only increases more.
> Nobody ever tells their town to uglify the neighborhood.
Young people move out of towns until they are more or less ghost towns. During this entire process, real estate keeps increasing in value, although demand is steadily and predictably vanishing.
> Nobody ever tells their town to uglify the neighborhood.
Young people move out of towns until they are more or less ghost towns. During this entire process, real estate keeps increasing in value, although demand is steadily and predictably vanishing.