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A house in America is an investment and it's considered a depreciating asset for tax purposes, which means that even if it isn't a good investment, it's subsidi
by noduerme 4y ago
A house in America is an investment and it's considered a depreciating asset for tax purposes, which means that even if it isn't a good investment, it's subsidized against taxes over a long term. A car is an asset that simply depreciates the second you buy it.