> Notice I say price and not value, for it is truly only the price going up. Their utility remains static, or decreases as the view is blocked by high rises.
Interesting observation, does make sense. I suspect a strong relationship to the land the house is built on. The value of the house itself should go down indeed, because the house deteriorates from the moment it is built.
However, the house makes that land usable and the land underneath it might become more valuable, because more people want it in dense areas.
Accordingly, house prices fall in less desired areas.
Interesting observation, does make sense. I suspect a strong relationship to the land the house is built on. The value of the house itself should go down indeed, because the house deteriorates from the moment it is built.
However, the house makes that land usable and the land underneath it might become more valuable, because more people want it in dense areas.
Accordingly, house prices fall in less desired areas.