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by ben69910 on August 26th, 2005

ben69910

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Why does the value of a house appreciate, while the value of a car depreciates?

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  • by dmoneythegreat on August 27th, 2005

    dmoneythegreat

    Though a car's value decreases for about 20 years, after it becomes a classic, and is very rare, it becomes valuable and the price would go up. Take the classic Impala (64 is the most popular year), it's price has increased because it is popular.

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    • classics are more expensive because they dont make them anymore... the supply stops (becomes inelastic - as is the case with land)

      Anonymous

      by Anonymous on October 2nd, 2006

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