My vehicle is my second largest investment I’ve made and it is a depreciating asset. I’d argue that my house is too, as my 7 year old appliance may need to be replaced soon.
While I can certainly keep my current house when I move and I am encouraged to do so, I plan to sell. If I can manage, at a profit. If I can’t, oh fucking well. Why do we need to prevent utilizing an empty house?
My vehicle is my second largest investment I’ve made and it is a depreciating asset.
So is your house. Do little to no up-keep on it and see how it affects the value over time. But you don’t just get a new house when your roof starts to leak or when your furnace breaks do you? You replace it and fix it over time. You don’t do that as much with a car. At some point those maintenance costs outweigh the costs of getting a new vehicle.
But it’s also not just “the house” - it’s “property”. And property values change based on many other factors - lots of which are outside your direct control.
My vehicle is my second largest investment I’ve made and it is a depreciating asset. I’d argue that my house is too, as my 7 year old appliance may need to be replaced soon.
While I can certainly keep my current house when I move and I am encouraged to do so, I plan to sell. If I can manage, at a profit. If I can’t, oh fucking well. Why do we need to prevent utilizing an empty house?
So is your house. Do little to no up-keep on it and see how it affects the value over time. But you don’t just get a new house when your roof starts to leak or when your furnace breaks do you? You replace it and fix it over time. You don’t do that as much with a car. At some point those maintenance costs outweigh the costs of getting a new vehicle.
But it’s also not just “the house” - it’s “property”. And property values change based on many other factors - lots of which are outside your direct control.
I do up keep on my house and it still feels like a depreciating asset. I’m behind on it because there’s an ever long laundry list.