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

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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

Land is a limited resource.

It’s relatively easy for society to produce more cars, and much harder to find new land that’s inhabitable, in desirable locations, and near lots of good jobs

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