4 ms·
cars have much shorter lifecycle than housing, are mobile, much smaller, and get replaced far more often than housing.
by mgkimsal 7y ago
cars have much shorter lifecycle than housing, are mobile, much smaller, and get replaced far more often than housing.
- learc83 7y agoCars also depreciate and aren't seen as an investment.
- im_down_w_otp 7y agoIndeed. This gets at the root of the problem. Housing can't be both affordable and a great investment at the same time. The latter requires high (and increasing) asset value which eventually precludes the former being increasingly affordable. The problem with housing is a lot deeper rooted than basic Econ 101 supply & demand models can address.
- Applejinx 7y agoCars ARE housing, hence the urgency to have them. When everything else falls through, you live out of your car, and move it on when the police bang on the window.