• atzanteol@sh.itjust.works
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    3 days ago

    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.

    • hddsx@lemmy.ca
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      3 days ago

      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.