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[–] 5 points 1 year ago (2 children)

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?

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  • [–] 2 points 1 year ago* (1 child)

    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.

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