[OPE-L:1831] Re: Do houses depreciate?

Paul Cockshott (wpc@cs.strath.ac.uk)
Fri, 19 Apr 1996 07:33:05 -0700

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>A question of practical as well as theoretical significance:
>Do houses depreciate?
>If they do, why isn't this reflected in their price?
>If they don't, what distinguishes them from other artefacts
>which do so depreciate?
They do, but at a slower rate than money. Land prices also
tend to rise quite rapidly.
Paul Cockshott