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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.
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)
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.
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.
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.
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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