why does a house not lose value similarly to a car when sold?

Question

why does a house not lose value similarly to a car when sold?

In: 3

Answer 1

Because they can’t make more land. Generally a house goes up because occupants improve it, something you can’t do with a car. The area becomes more sought after etc. Of course there are circumstances when the house goes to ruin or like a sinkhole opens up etc, but those are rare. Contrary to that a car only gets less tech advanced less safe more worn out etc. Rarely they appreciate like in the case of sports cars or rare cars.