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Old 08-12-2016, 07:46 AM
 
Location: Texas
44,257 posts, read 64,046,055 times
Reputation: 73913

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Quote:
Originally Posted by HappyRider View Post
May be I should have said houses shouldn’t cost as much as they do. Just compare what goes into each.
I'd like to see a car last 100 years.
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Old 08-12-2016, 07:49 AM
 
5,481 posts, read 8,497,934 times
Reputation: 8284
I understand where the OP is coming from in a sense. If it cost 150k to actually build the house, it should not sell for 600k! Of course there's so many other factors that go into the actual value of the house.
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Old 08-12-2016, 07:50 AM
 
Location: San Antonio, TX USA
5,251 posts, read 14,121,230 times
Reputation: 8227
Quote:
Originally Posted by stan4 View Post
I'd like to see a car last 100 years.
There's two of them

https://classiccars.com/listings/vie...-florida-33150
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Old 08-12-2016, 07:56 AM
 
Location: Pikesville, MD
2,983 posts, read 3,046,155 times
Reputation: 4552
Quote:
Originally Posted by stan4 View Post
I'd like to see a car last 100 years.


There are quite a few 1916 cars driving around. Hell, a couple showed up to Cars and Coffee here.


Here's a whole string of them driving at a recent meet:


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Old 08-12-2016, 07:56 AM
 
28,559 posts, read 18,560,412 times
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Quote:
Originally Posted by Me007gold View Post
They weren't continually used every day, as have been most old homes.
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Old 08-12-2016, 08:00 AM
 
Location: Pikesville, MD
2,983 posts, read 3,046,155 times
Reputation: 4552
Quote:
Originally Posted by Ralph_Kirk View Post
They weren't continually used every day, as have been most old homes.

That wasn't the statement we were responding to.


And how much wear and tear is your house getting on a daily basis compared to the machinery in a car? How many moving parts does your house have that get moved and used every day? Very few, so of COURSE it'll last a bit longer in "daily use." The bits that do get touched and moved every day tend to not last 100 years, either (like fridges, stoves, couches, etc. Cloth gets threadbare if used and couches need replacing or reupholstering and they aren't even moving parts)
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Old 08-12-2016, 08:04 AM
 
28,559 posts, read 18,560,412 times
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Quote:
Originally Posted by Tiffer E38 View Post
That wasn't the statement we were responding to.


And how much wear and tear is your house getting on a daily basis compared to the machinery in a car? How many moving parts does your house have that get moved and used every day? Very few, so of COURSE it'll last a bit longer in "daily use." The bits that do get touched and moved every day tend to not last 100 years, either (like fridges, stoves, couches, etc. Cloth gets threadbare if used and couches need replacing or reupholstering and they aren't even moving parts)
Those items are not part of the house, any more than fuzzy dice are part of the car.


There's nothing particularly mysterious about "value." Do you think that the fact that houses usually appreciate in value and cars don't is some vast global conspiracy against cars?


If the average car were as usable after fifty years as the average house and property, cars would appreciate in value as well.


Notice that mobile homes don't hold their value much better than a car, btw.
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Old 08-12-2016, 08:12 AM
 
Location: Pikesville, MD
2,983 posts, read 3,046,155 times
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Quote:
Originally Posted by Ralph_Kirk View Post

If the average car were as usable after fifty years as the average house and property, cars would appreciate in value as well.

Ever notice the auction prices of 50 year old cars? They have been going up fairly rapidly with many cars of that era exceeding $1million and a few rare ones going for MUCH more.


And now, even average 4 door 50 year old cars are appreciating. My 4 door '62 Falcon was a $2500 car in the '90s, and is now a $10k car. My 2 door coupe '63 Mercury Comet was a $4000 car in the early 2000s and is now a $20k car in the same condition. I'd love a house that had that sort of RATE of appreciation.
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Old 08-12-2016, 08:28 AM
 
28,559 posts, read 18,560,412 times
Reputation: 30797
Quote:
Originally Posted by Tiffer E38 View Post
And now, even average 4 door 50 year old cars are appreciating. My 4 door '62 Falcon was a $2500 car in the '90s, and is now a $10k car. My 2 door coupe '63 Mercury Comet was a $4000 car in the early 2000s and is now a $20k car in the same condition. I'd love a house that had that sort of RATE of appreciation.
That's certainly not the average 50-year-old car. The average 50-year-old car was disposed of 30 years ago.


The average 50-year-old house is still being lived in.
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Old 08-12-2016, 08:57 AM
 
Location: Pikesville, MD
2,983 posts, read 3,046,155 times
Reputation: 4552
Both my cars in the example above were very average cars seeing normal average use.


Quit moving the goalposts when your statements are refuted.
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