3 ms·
> Ever check prices for thirty year old BMW or Lexus or Acura? Why dont you compare houses to prices of 30 year old rotten piece of fruit, because thats what y
by ClumsyPilot 5y ago
> Ever check prices for thirty year old BMW or Lexus or Acura?
Why dont you compare houses to prices of 30 year old rotten piece of fruit, because thats what you are doing.
20 years ago my familt bought an apartment, is it now worth 3 times more. Our 20 year old BMW is worth approximately 5% of it's original price as scrap
- crooked-v 5y agoOkay... and have you considered the "why"? To start with, 2.2 million cars get built per year in the US, while housing has consistently been under 200,000 new units per year for a long time.
- ClumsyPilot 5y agoYes, I have written why, car decays and a house doesn't. Value of land only grows. Even the built up portion of the house only grows un value withing human lifetime. I know a guy who lives in a 500 year old house, i know zero people who have a 30 year old car
- knowaveragejoe 5y ago