/biz/ - Business & Finance

>>20263173
Firstly, the biggest determining factor of house surivial is that it is occupied and maintained. Multimillion dollar mansions with top notch construction have become unsalvageable because of neglect. Next is material. I own a few Victorian era houses I rent out. They all have a insurance replacement value in excess of six figures above their market value. Literally the materials used to build them would be so expensive today that they couldnt be feesibly built, economically speaking. Its not just the massive ammount of brick and stone work, the lumber quality from that era blows away the stuff today, everything is old growth and twice as thick. Stuff you will not get today unless you are doing high end custom builds. There is a bit of survivor bias here of course, cheap shitty houses from that era have all been destroyed and replaced. We just dont know which modern homes today are the ones that will last 150 years from this point, but I know my houses certainly will. Im somehwat sceptical of mass produced housing durability
>pic related

99.9% of wheeled housing will be worthless and destroyed in 100 years. The 0.01% that survives will be stuff with artistic appeal like vintage airstream restorations/restomods, and highly custom high-end one-off constructions.

>>18595480
Only if you pay off very quickly. Amortized loans front load the vast majority of the interest payments in the first 10 years, the tail end of the mortgage is mostly principle. If you pay off or refinance within the first 3-5 years you are saving real money on intrest, otherwise not so much. If you think there is going to be serious inflation, its far better to stretch the loan out as long as possible, as that allows you to make your future principle payments in future worthless monopoly money instead of real dollars today.

>hey honey, lets skip funding anons college education and buy this (((new construction))) house in a soulless cookie cuter neighborhood
>its only $700,000, we will be able to sell at a profit 10 years from now :DD

http://www2.philly.com/real-estate/housing/water-damage-home-construction-defects-rotting-toll-cutler-stucco-20181115.html