North Liberty and South Bend, Indiana | But it will appreciate again. Obviously there will be a few times land depreciates but in general over probably most any 20 year period the average value will as always be higher in the end. Machinery very seldom appreciates and if it does the cost of a replacement machine is nearly always more regardless. Basically, after a land mortgage is paid off you are left with something that will most likely increase in value and you will never have to replace it. With an equipment loan you are left with something that will continue to devalue and need replaced. |