this post was submitted on 30 Jun 2023
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A houses value is not theoretical though. You own land and a roof to live under. It's not about making profit. Companies don't have value outside of making a profit. Now that I type that I see they actually can have value. Such as political sway or if it's a company that has some value beyond money, like education or taking care of the needy. But you'd have to find someone willing to sink money into them simply because they find value beyond money.
But that doesn't mean you can turn a profit from it, or even break even. If you want to do that you have to sell it to someone, and there are multiple reasons why you might not be able to - maybe you spent too much money renovating it and now nobody wants to pay that much. Maybe a bunch of new housing was built and the value crashed. Maybe Detroit happened and the location and land it sits in is literally worthless and nobody wants to live there. - until you actually find a buyer for it all houses have only a theoretical value, as do all companies.