2007-11-04 10:25:02 · 6 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Houses have a longer useful life than cars. It is really as simple as that. The typical 10 year old car will have little useful life left. A house may last for over 100 years. I lived in one that was built in 1795. It is still inhabited today, so now it is over 200 years. The value of older homes will rise over time to reflect the cost of replacement. The typical car will be in the scrap yard before it is 20. So, you will be willing to pay less and less for it every year.
2007-11-04 11:23:46 · answer #1 · answered by john m 3 · 1⤊ 0⤋
I discovered that a automobile depreciates $5.000 interior a million year. As for the domicile to appreciating isn't real it relies upon on the community and the condition of the domicile to make certain that it to savour now i do no longer comprehend how old you're yet decrease back in the days if a coloured kinfolk moved right into a all white community they pronounced that the properties would depreciate alongside with different aspects. Now area 8 is making the properties depreciate and that's controled by way of the government. Getting decrease back to the autos it replaced into pronounced that that's good to look for a sturdy used automobile particularly of a sparkling one.yet you would be able to desire to accomplish a little huge homework and comprehend what your speaking approximately once you pass in to deal.
2016-11-10 06:48:49 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Hey, houses do not appreciate if the inhabitants just could't take care of it. While cars depreciate because, not only as an extension of your house, the same care should be the utmost mode if you are talking about $$$$$$
2007-11-04 10:34:10 · answer #3 · answered by Joey G 2 · 0⤊ 1⤋
Houses in General don't really appreciate....Its the location the house is located in that goes up in value therefore causing you the market value to go up....For tax purposes you can depreciate a business (housing) property, but it will reduce your "base" causing you to pay the taxes when you sell it
Cars lose value because they deteriorate from the moment you take it off the lot
2007-11-04 10:32:21 · answer #4 · answered by gringorican2002 2 · 0⤊ 1⤋
Lets see a '70 hemi cuda when bought in '70 sold for around 4K and is now worth close to a half million the factor is time, rarity and condition
2007-11-05 11:09:33 · answer #5 · answered by Pengy 7 · 0⤊ 0⤋
Cars get wear and tear as they are used. Houses do too, but if a house has stood the test of time that long it'll probably last even longer.
2007-11-04 10:32:56 · answer #6 · answered by Anonymous · 0⤊ 1⤋