Should houses go up in value as they age or not??

it depends if they are on a great piece of property, then yes.

if they are outdated and not kept up, then no.

I think in most cases when you buy an older home, you are paying for the location, and the value your home will increase after you modernize it.

I understand area value going up and down but hundreds of thousands of dollars, take a house worth $155,000 and after 2 owner over 10 years with lil renovation its at $555,000 is luda

Depends on if the house continues to get the usual renovations every so often (or at least in time to sell!) like a good roof, fence, paint job, driveway, etc. Also, the surrounding area is a major factor. If the town has gotten worse over the years (crime rate, bad school system, other houses look bad) then your house wont be worth as much as it could be in another area. Ultimately, though, yes they should go up in value. A house is a fantastic investment

bull sh*t, dats what I think about home appreciation