Why does Real Estate (most of the time) appreciate but things (items) don't!?
- SumDudeLv 74 weeks ago
Because they (God, Mother Nature) do not make more habitable land, and construction costs also go up every year.
- JudyLv 74 weeks ago
more 'things' can be made. The land supply is a fixed amount.
- Anonymous4 weeks ago
Limited supply. And they are not making anymore land.
- 4 weeks ago
People need homes
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- JudithLv 74 weeks ago
Because there is a limit to the amount of real estate available. The value of land increases along with demand. That is why real estate in NYC is worth so much more than real estate in rural town America. In NYC it's all taken and you can only go up whereas in rural town America there's plenty of available land.
We can always make more "things."