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  • Profile photo of bacchubacchu
    Participant
    @bacchu
    Join Date: 2004
    Post Count: 62
    February 16, 2005 - 4:03 am

    Mortgage Hunter,
    Are you saying that today if you sell your house you will practically get no value for your house ? Only the land value will remain ?

    Profile photo of bacchubacchu
    Participant
    @bacchu
    Join Date: 2004
    Post Count: 62
    February 16, 2005 - 2:19 am

    well it is the “expected” life i guess….but as you said it should be case-by-case basis….but taking depreciation into effect a 50+ yr old house would only have a 50K value at the current time(provided the reconstruction value currently is around 200K).

    The point is if you do renovation on the 50+ yr old house then the depreciation would still hold for the overall age of the house and not different for rooms which you build/extended/renovated later. Am i right in this ?

    Profile photo of bacchubacchu
    Participant
    @bacchu
    Join Date: 2004
    Post Count: 62
    February 8, 2005 - 3:28 pm

    ACT

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