Why do cars lose their value so fast and houses normally appreciate?

640 viewsEconomicsOther

There was a question yesterday that generally stated cars lose their value so fast because people don’t know what the previous owner did. That’s fair, but why does that not relate to houses?

In: Economics

10 Answers

Anonymous 0 Comments

Houses barely appreciate beyond inflation, especially once you factor in transaction, carrying, and upkeep costs.

Any appreciation beyond that is simple supply and demand.

You are viewing 1 out of 10 answers, click here to view all answers.