• Katana314@lemmy.world
    link
    fedilink
    English
    arrow-up
    10
    ·
    22 days ago

    If you only own one house, it sucks to have luck like that. But, it’s like the dips in stock prices - overall, the value of the whole market goes up over time. Those treating homes as investments tend to buy in the demand areas, where a few lofty renovations don’t dent their bottom line.

    • 211@sopuli.xyz
      link
      fedilink
      arrow-up
      1
      ·
      22 days ago

      If you get an investment house you plan to keep for 20+ years, those in-demand areas change (here’s hoping the next areas to lose their lustre will be the car-dependent suburbia).