Re: depreciating assets with rising prices

2002-08-19 Thread Eric Crampton
On Mon, 19 Aug 2002, Alypius Skinner wrote: > I have often seen the housing market so strong that even stocks of > physically depreciating housing (darn that second law of > thermodynamics!)would appreciate in market value, often quite rapidly. > Many times the cost of housing presumably increa

depreciating assets with rising prices

2002-08-19 Thread Alypius Skinner
I have often seen the housing market so strong that even stocks of physically depreciating housing (darn that second law of thermodynamics!)would appreciate in market value, often quite rapidly.  Many times the cost of housing presumably increases faster than the cost of the inputs (labor an