That addresses svereal of my concerns actually.

by Marlie 11:25:38 PM 2011.08.20

I expect extsiing houses to depreciate at a rate of about 5% per year (after inflation) indefinitely. Houses are no different that any other consumer product.(I notice the price of my Toyota 4Runner has declined since I bought it. I wonder when it will bottom .)The question is framed poorly. As new houses are built, the total value of Seattle housing will go up, even as the value of each particular house goes down. (This is similar to how the the total value of all cars on the road increases each year, even though the value of any particular car decreases.)This is a tricky concept for people to understand. Rate this comment: 0 0

by Prashant 12:02:20 PM 2013.01.27