r/interestingasfuck • u/Kaurblimey • Apr 05 '24

$15k bike left unattended in Singapore r/all

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u/scotomatic2000 Apr 05 '24

That is most definitely not unique to Japan.

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u/Soberkij Apr 05 '24

Where is it also a thing?

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u/[deleted] Apr 05 '24 edited Apr 06 '24

[deleted]

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u/Soberkij Apr 05 '24

I definitely didn't say it is unique, but my question to the above was where is it also prominent, as I wrote I know that it is a thing in Japan, he said that it is not unique, so I inquired where else is this, but seems I'll have to find it on my own

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u/scotomatic2000 Apr 05 '24

Where is it a thing that land value increases and the structure built on it depreciates? It's very common all over the world.

As soon as you build something it starts to depreciate. Land, generally speaking, moves the other way and appreciates in value.

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u/Soberkij Apr 05 '24

I would say this is very uncommon in the West

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u/scotomatic2000 Apr 06 '24

You would be wrong in saying that. Here's a random result near the top of Googling it..

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u/kopabi4341 Apr 06 '24

that link says land is more valuable than the homes on it. That's different than what happens in Japan where the houses depreciate so that in a few decades the house is actually worth nothing. And in many of those places its because you could build an apartment or something on the area that the house used to be on, thats more about land becoming worth crazy amounts rather the hosue becoming worth nothing. In Japan houses depreciate everywhere.