home can depreciate in value?
I'm considering to buy a property but I wanted to know if a home can depreciate in value? Thanks! :)
Trending Content - Real Estate Forum
Career Resources
Yes, it can
Can you state some factors please? Thanks a lot for your help.
High foreclosures in the surrounding area
Population decline in the city
Lack of upkeep
Increasing street crimes / new factory 3 miles away / etc
Housing bubble (2008)
Economic downturn (less demand for houses as residents move elsewhere)
That was very helpful. Thanks a lot.
You've heard of the $1 houses in Detroit, right?
Est tempora doloremque corrupti exercitationem est vel. Consequatur quia accusamus molestiae pariatur dolor ullam ea. Perspiciatis natus esse aliquid eos quo reprehenderit et. Dignissimos alias odit vero est. Eveniet eos iusto libero dolor pariatur.
Nobis blanditiis rerum facilis at. Ducimus perspiciatis amet eveniet ea velit voluptatem amet. Est eaque voluptas magnam est.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...