Homes tend to be a / an _____ asset.

Name: Homes tend to be a / an _____ asset.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Homes tend to appreciate in value over time, especially in growing or desirable areas. Depreciation is when an asset loses value over time. While a home can certainly be an investment and may be used for retirement, the question specifically asks about the nature of the asset, which is more accurately described as appreciating.

Homes Tend to Be a / an _____ Asset