It really is crazy that 60+ year old houses have “appreciated” in value.
Houses are depreciating goods that wear out. Quality new construction should be worth at least 2x what a comparable house built in 1960 is worth.
Clown money, clown outcomes.
Discussion
ummmm no. depends on a lot of factors. are you in construction or real estate?
firstly MOST 60 houses have NOT appreciated. secondly the ones that have are usually PROPERTIES that have appreciated, not the buildings. lastly for the buildings that have appreciated, the majority have had work done. like my home, that i converted from a single story ranch to a two story colonial.
on what basis do you determine "at least 2x"?
What are you fucking stupid
It's not the buildings that appreciate, it's the land.
The land is the asset
The building is the liability
A well maintained building holds its value. The land appreciates
No matter how well maintained there are components of the house that deteriorated and degrade - windows, foundation, insulation, HVAC, plumbing and septic. Eventually all will have to be replaced, at least partially and often completely. The wood the house is built with will not last 200 years. Modern commercial wood will last 100 years max even if very well cared for.
The only reason the land / real estate appreciates is because the purchasing power of the unit of account is perpetually debased. Otherwise real estate would not appreciate, but instead depreciate like it should. Same as a car or any good that depreciates in quality with time / use.
If I buy a nice parcel of land and build a house on it, in 100 years, that house needs to be torn down and a new one rebuilt. That’s a detriment to the value of the land. Houses are depreciating assets.
I agree with everything up to build your own house. Make it last
I’m a board certified master home inspector. New construction is garbage. Look at the difference in density between a 1960’s hardwood 2x4 and a 2025 southern yellow pine 2X4. New homes are made of cardboard, plastic and shit wood. Built to last 20-25 years before major repairs are needed. Up through the early 1980’s homes were built to last 100 years before major repairs were necessary. The most solid foundation I ever inspected was made out of stacked rocks, built in the 1890’s. Fiat money makes fiat goods. Homes built during hard money times are durable homes. Give me an old house that needs repairs over a new construction any day. 
fr.. clown era is upon us. land is apparently the entire value cause all these houses are shit after boomers are done w em.
gonna just practice making earthship style dwellings from all the trash they left behind 😂
you would be surprised how much better built many older homes are, modern houses are made with shit wood and unskilled labor. I lived in a nice craftsman style home built 100 years ago and that house was better in everyway then what is being build now, we don't build homes like that anymore.
I'm going through building a house now, the cost of new construction is obscene, it is not cheaper to build a new house than buy one
If I wasn't going to live in this house, I would losey money reselling it.