Myth 2: Land appreciates more than apartments. As we discussed before, real estate is made up of land and structure. Of these two, land is the immutable asset – which means it does not change with time, and therefore holds its value, whereas a structure is the mutable asset – which means it erodes and depreciates with time. No matter what kind of real estate you own, the ‘land’ part of it will appreciate and the ‘structure’ part of it will depreciate with time. Since in an apartment, you own more structure than land, the combined effect of appreciation and depreciation makes it seem as if it
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