Hacker News new | ask | show | jobs
by shimman 32 days ago
I had no idea the on-going costs of physical things did not decrease over time, what an interesting thing to know. Here I thought that after you build the building and paid off the building, then for funsies also bought all the land surrounding the building, that at some point it would drastically cheaper to maintain it; but what you're saying makes so much sense!
1 comments

You have clearly never owned a home. The older the building, the more maintenance it requires.
That absolutely does not justify in taking a 50% vig, good lord.
However is maintenance($) > demolishing and building new($)?