For example, when I purchase a car, it loses value when I drive it off the lot. A used car is cheaper than a new one. When I purchase a home, it gains value over time, generally speaking. A used house is often far more expensive than the same new house. Why do seemingly similar assets go in different directions in appreciation?
Why do some assets depreciate and some appreciate over time?
byu/lemasney inAskEconomics
Posted by lemasney