Hacker News new | ask | show | jobs
by ChrisLomont 1408 days ago
Are you claiming zero money was spent on those properties for 30 years? I don't think that claim would stand on it's face.

Over 30 years all sorts of things would break, pipes, leaks, batteries corroding and leaking out, animals move in, windows broken, doors removed....

Detroit ruins show what zero money put into a building for 30 years looks like - gutted shells.

Show me an ad for a rentable place that has had zero money spent on the building for any maintenance for 30 years and I'll believe you.

1 comments

Does >0 money spent equal 100% deprecation over 30 years?

If the landlord spends a single penny in paint does that make up for getting an asset that’s considered zero value but still gets to be sold for hundreds of thousands?