Why isn’t it treated similarly to a house?
In: 111
Cars break over time.
So do houses.
When you buy a house, you also buy the land it’s on. When the house is eventually broken, you still own the land.
There is only so much land on Earth.
We keep making more people. Less land for every person.
More people want land. The people with the most money get the land. Land costs more money.
A house goes up in price over time because of land. A car goes down in price over time because it breaks and eventually is worthless.
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