Aren’t all homes depreciating from the moment they are built? Doesn’t living in a home cause some of it to wear and break down faster?

I can’t think of anything created that ultimately doesn’t have an expiration date.

Sure it’s over longer time scales than a fire but it seems the principle seems the same.

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Yes things get worn out and require maintenance. That is different from destroying a good in which case value is not derived. Value is extracted from consumption. The same is not true about destruction.

Scrapping a pair of shoes at the factory because they didn’t meet quality controls is not the same as someone using the shoes for 2 years and deriving value from it, even though at the end of the 2 years, they both will end in the same landfill.

The principle is the same, but I think it’s worthwhile to point out that in one instance value is derived and in the other it is not. Especially since a lot of people won’t get there on their own.