A house doesnt appreciate its actually the land value that does.
But if you block of land and put a ten storey hotel on it, and rent it out, like in monopoly, the more you can squeeze onto that land the more rent money you'll get hence NYC skyscrapers and towers. People are then literally buying air space.
But if you block of land and put a ten storey hotel on it, and rent it out, like in monopoly, the more you can squeeze onto that land the more rent money you'll get hence NYC skyscrapers and towers. People are then literally buying air space.