I actually think it is rare for houses to lose value, especially over a few years. But I might well be missing something.
That should be “it is rare for houses to lose value without a corresponding insurance payout”. Natural disasters and fires sometimes cause houses to lose value rather precipitously.
(Which is another thing to remember about house ownership: it requires insurance.)
That should be “it is rare for houses to lose value without a corresponding insurance payout”. Natural disasters and fires sometimes cause houses to lose value rather precipitously.
(Which is another thing to remember about house ownership: it requires insurance.)