Why is it that cars and most other vehicles only ever depreciate in value, whereas homes generally appreciate continuously?
In: Economics
The spot of land you’re living in right now, that’s the only one of those in the entire world.
No more land can be produced, and only one person can own land in the exact position you’re in right now.
That Honda Civic outside, they can be mass produced, and more than one person can own their own Civic.
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