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Whoa there, now you're back to the scenario of houses appreciating indefinitely in value, albeit with occasional slowdowns. So let me return to my earlier question:

Why are houses generally an appreciating asset? Wouldn't it be healthier for society, i.e. wouldn't we all be better off, if they merely held their value, in real terms?

[QUOTE="Grey, post: 2518832, member: 65112"] Whoa there, now you're back to the scenario of houses appreciating indefinitely in value, albeit with occasional slowdowns. So let me return to my earlier question: [COLOR=#333333]Why are houses generally an appreciating asset? Wouldn't it be healthier for society, i.e. wouldn't we all be better off, if they merely held their value, in real terms?[/COLOR] [/QUOTE]

Verification: 5 + 3 = ?