Quote:
Originally Posted by ryan_mcgreal
Houses are officially built to last 20 years. Historically, many houses built during a housing bubble/mania don't even meet those minimum standards. However, most mortgage terms are 25-30 years.
It could turn out to be a good thing that we're building disposable houses. 20 years from now, suburbia may no longer be a viable option for many people.
|
Houses are not built to last 20 years. Homes are like any other real estate asset, they require regular capital expenditure to maintain.