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

Homes can appreciate In value through renovations, to themselves or their surroundings(think of a neighborhood that gets a nearby park, or a shopping complex). Outside of modding, cars can only ever really decrease in value