[jakethebake]

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depreciate in northern VA, definately not, the market is redonkulous nothing depreciates.

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the market is redonkulous. it won't remain that way forever. the fact is that land is land and tends to appreciate. when you buy a condo, you don't own land. a building depreciates over time. markets come and go, but buildings don't last forever. Although, I admit in some places the type of condo buildings are built to last longer than others. But in most places, NYC being an exception for instance, condos have been a poor long-term investment.