Forget the depreciation. We have given you some very specific examples here. For example, if your purchase price is $800,000 and the value 20 or 30 years later is $8 million, you end up having to pay capital gains on more than $7 million. Capital gains on more than $7 million means that you have to pay something in the order of $2 million capital gains.
Who's going to sell properties in that kind of situation?