Property Pricing in your area - gone up or down?

[LaterBloomer]

Yes, we are discussing semantics.

If you ask some folks, "Does debit mean increase or decrease?," they'll say, "decrease." Those who've taken Accounting, if asked the same question, will respond, "Well, it depends on which type of account you're asking about." Same thing with "asset." Some folks will say it's anything that they own, whether tangible (your home, car, Beanie Babies, etc.), or intangible (your family, health, etc.) Others will say that assets are the economic resources of an economic unit (partnership, corporation, etc.). As the resources of an economic unit, an asset in business has many advantages that a personal "asset" doesn't have. An office building? It can be depreciated. A house? No. Business assets can be depreciated, and the associated depreciation expense decreases a business' income. When my house sold at a loss in the early '90s, I couldn't reduce my taxable liability because of it.

And I mentioned laws as someone referenced the IRS in a posting to explain a position.