I don't get it. How can a house appreciate in value just because it gets old? I am thinking about our old Cedar Street house and how it has gone form $9,000 to $275,000 in value. For Pete's Sake, it is over a hundred years old. Has the wood increased in value? Has the old staircase suddenly donned gold and become worth a king's ransom? I don't get it.
OK, let's examine the facts. Evidently, some things increase in value as they age, while others are labeled as old junk and tossed on the scrap pile and sent to the old things place in the sky. Wine increase in value as it ages. So, with that concept, my old bottle of 1975 Boone's Farm Apple Wine should be worth a fortune now. Right? How about my old bottle of Strawberry Hills? Must be worth thousands now.
So, with this formula in mind, I must also be worth a fortune now. If my once black hair had value at the age of 18, my white 50 plus year old hair must be worth millions. And, how about the collapsed veins in my foot and ankle? I mean, they must be a collector's dream. Hm, wonder how much I could sell them for? Not to mention my ----. Wonder what I could get for it! Maybe I should advertise on Craig's List-One used----" Only used three times a week by an old lady from Pasadena."
OK, you get the picture. Houses go up in value as they reach old age, but humans, hm, they seem to lose their market value.. For Pete's Sake.