Quote:
Originally Posted by lazycash
Don't really see your comparison of a house to a car, there is a continuous supply of new cars so pricing remains stable, if you're talking a classic car like your example then it will continue to appreciate over time in most instances as long as demand remains constant.
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Your saying they "make new cars all the time". Well, they make new houses all the time too. You can pull a design from a 100 year old house and make it. I'm forty-two years old, and I've never lived in a "used house". I don't understand why anyone would buy a used house. A ten or twenty year old house means everything is old, used, and subject to break down. The AC, the heater, the water heater, the plumbing, the structure, the roof, etc etc etc.
Why does a house go up in value? It's used.
Don't tell me that it's because they aren't making any land. They have plenty of land to build houses, and once this over they'll be building new houses again.