Everything you say is so profoundly alien to my house experience that I'm not sure how to relate.
If you are replacing major structures of the house every 10-20 years, something is wrong. That is not normal.
The house I grew up in is turning a century in a few years, and nothing about it suggests it isn't good to go another century at least. Original windows, who replaces windows every 20 years? Why?
Multiple friends live in houses their grandparents or great-grandparents built, those are well over a century. Perfectly comparable (in valuation) to new ones built a block away. And that's why houses won't depreciate in the timescale of a human lifetime.
> The house I grew up in is turning a century in a few years, and nothing about it suggests it isn't good to go another century at least. Original windows, who replaces windows every 20 years? Why?
Modern windows leak their argon out eventually. The break-even for replacing them is bad, but home comfort in rooms with many windows is greatly improved in cold climates with top-end triple pane windows.
If you are replacing major structures of the house every 10-20 years, something is wrong. That is not normal.
The house I grew up in is turning a century in a few years, and nothing about it suggests it isn't good to go another century at least. Original windows, who replaces windows every 20 years? Why?
Multiple friends live in houses their grandparents or great-grandparents built, those are well over a century. Perfectly comparable (in valuation) to new ones built a block away. And that's why houses won't depreciate in the timescale of a human lifetime.