Although mobile homes
generally depreciate in value (unlike a standard home which appreciates), it is still important to protect that purchase.
Not exact matches
Used cars are
generally priced much lower than new cars, and they do not
depreciate as rapidly as new cars, which decrease
in value the minute the customer drives the new vehicle home.
Remember that the policy
generally will cover replacement cost, so a claim would result
in you being able to replace the property rather than just getting the
depreciated value of your things.
FFO, which you can usually find
in the trust's financial statements, is based upon the idea that properties
generally rise
in value over time instead of
depreciating at the rate used by accountants.
to $ 2.0 Million / MW), a capacity - weighted US average installed project cost of nearly $ 2.1 M / MW, and deal multiples
generally ranging between $ 2.0 - 2.6 M / MW
in recent years, I was pretty comfortable using an estimated
depreciated book
value of USD 651 million (i.e. $ 1.85 M / MW) for the lower end of my valuation range.
Almost automatically, I started giving her the standard answer about how good debts are
generally considered to be debts you incur to buy things that can go up
in value — like a home or a college education — while bad debts are things like credit card balances, where you've borrowed money to buy things that will
depreciate or go down
in value, like most consumer goods.
As Chris said it is the land that
generally goes up
in value and it is the building which is
depreciated and loses
value as time goes by.
Unlike traditional site - built homes, which
generally increase
in value over time, mobile homes (no matter how well you maintain them)
depreciate over time.
Replacement Cost coverage is more expensive, but it's
generally worth it, since most of your possessions have probably significantly
depreciated in value since you bought them e.g. your clothes, electronics, and furniture).