[ChrisLomont]

>To claim that you need to spend money equal to the tax-assessed value of the building over the course of 30 years to maintain equal value is slightly less ridiculous, but still not exactly reasonable.

No one wrote that either. You're reading what you want to argue into what is written yet again.

> which would be 30% of the property value over 30 years

Ignoring increasing property value, compound interest, opportunity cost, that plenty of places put this between 1 and 4%, and that pretty much all places indicate the rate increases as the property ages, and that this rate is for owners whereas tenants are statistically worse on property, then sure.

For example, State Farm [1] recommends between 1% and 4%, which would vastly increase your estimate. And tenants are statistically worse on property than owners

In reality it's a far larger cost over 30 years than 30% of the original price.

[1] https://www.statefarm.com/simple-insights/residence/how-to-b...