Why is it that cars and most other vehicles only ever depreciate in value, whereas homes generally appreciate continuously?

Question

Why is it that cars and most other vehicles only ever depreciate in value, whereas homes generally appreciate continuously?

In: Economics

Answer 1

Difference between liability and asset. A car will rarely gets better as it ages even if well maintained. Whereas the location of a house, given little crime or other depreciating factor, will likely only get better.

True ELI5: Cars wear out where as neighborhoods and towns tend to build up.