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I'm well aware of that.. I lived there.
You missed my point completely. The OP was saying in Southern New England you can get a house with xxx.. xxx for 300,000.. I was asking WHERE... There are many parts of Southern England where this simply not true. The Gold Coast, Boston and suburbs, etc. etc.
I was curious as to where they lived where they could live so cheaply here.
Really? You don't know how to google? Try Japan property or depreciate house Japan or real estae Japan or somesuch combo.
I don't know what you're talking about. Houses depreciate everywhere, not just in Japan. Land, and any other asset with an indefinite lifespan, cannot depreciate (unless you're changing the definition of depreciation!). If houses didn't depreciate the ATO wouldn't provide a depreciation schedule for houses and fixtures.
I don't know what you're talking about. Houses depreciate everywhere, not just in Japan. Land, and any other asset with an indefinite lifespan, cannot depreciate (unless you're changing the definition of depreciation!). If houses didn't depreciate the ATO wouldn't provide a depreciation schedule for houses and fixtures.
Well actually during the American Sub-prime crisis land very much depreciated in large parts of the US. Also happened in Ireland, Spain, Greece, but you no doubt know all that.
Its like anything, its only worth what people are willing to pay at the time, hence the media are huge players in housing bubbles.
Well actually during the American Sub-prime crisis land very much depreciated in large parts of the US. Also happened in Ireland, Spain, Greece, but you no doubt know all that.
Yes I know that. We're talking about the accounting concept (or at least I thought we were) and I can assure you land does not depreciate.
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