Quote:
Originally Posted by Rochard
I've always been confused as to why houses go up in value. You buy a house and it becomes used, the walls get dings in them, doors no longer properly seal, lights fail, you get cracks in the wall, your ac / heater / water heater / watering system breaks....
It's just like a car. You buy a brand new car and it goes down in value. The difference is after a few years they will never build that same exact car again, while they'll continue building your same exact house someplace else.
It's kind of silly when you think about it.
I mean, why buy a used house for $200k when you can buy a brand new one in the same area for just a slight bit more.
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It's not the house that goes up in value so much, but more so the property. They can build new houses, but they can't build more property.