Why dont houses as they get old go down in price like cars?

and why aren't they liek desktop computers?

Market value of the land + the building sq footage

>why dont houses as they get old go down in price
Some do.

Houses are not really as important as the land they are on though. A good neighboorhood will always have more value over time than a poor one, which tend to only get worse as time goes on.

They do but it's usually about the land

You type like you've suffered a traumatic brain injury btw

Because a house is a house.
A car goes down in price because the engine and other parts deteriorate as they get more wear and tear.
A house has no moving parts. Houses are also designed to last a long long time.
If a house isn't off its foundation and isn't starting to fall apart then it will stay that way for years and years, if you buy a car used you can have its engine fail, not many things in a house can just seize up and fail.

Computers also have parts that can fail after use, not only that, new parts are coming out so fast that after two years all the hardware in your computer becomes outdated and inferior to similar priced parts today.

>why aren't houses like desktop computers

right
both should go down
not up
liek car or TV

you are poor if you nitpick inessentials like this
or a gov worker like lawyer

right
cheaper and better every year
mass produced
with new tek advancing....
right!

>value of land should go down
No. It should stay the same relative to inflation, or go up if said land has been "improved" and down if made "worse".

First of all they do lose value with time. If you don't believe that check statistics for average price of home and average home age for any given area and compare it to get a good picture of aging devaluation.
Secondly this
The amount of money that represents paying for area is sometimes more than half of the total cost of a home.

Population size and demand. How desirable is the area that people are trying to live in? The desirability determines price.

You do know that you can make changes to your home that will increase its value, right?

It's pretty much just the land. Case in point, see what's happening in every Canadian city at the moment.

because you can't make more land dumbass

his name was seth rich

no no
land goes up artificialy because of central planning and regulation
under capitalism it would go right back down as it should
no one should get buy n hold gains for real estate
dergulation would spread things out
central planning causes chaos and failure and death
1800s usa capitalism made usa no1 and hong kong our only equal
germnay japan owe usa trillion defense
we would be 1000x as rich now with capitalism
capitalism simply removes shortages
this aristocracy democratic anarchy must stop
even monarchy better than democracy
house ages like a computer
should go down in price every year
like desktop pc
its all regulation based monopoly overpricing
regulation is restriction, anti free trade

Exactly most people that have houses go up add things. Like fresh flooring. A garden. A balcony. A new kitchen. A hot tub. All of these things are low cost high price increase.

any hope of colonizing mars would be ruined by bankers taking control of the land, just like here.
individual ownership of land is necessary, but thomas jefferson knew the banks would destroy it.
(((free market))) shit lords are fine with banks owning everything but not government owning everything. it is the same thing.

like computer upgrades sure
but even these get cheaper over time
desktop computer now vs 10 years ago isnt 4x price
its way better and way cheaper
thats capitalism

Sup jaden

No you are a moron. Land goes up because population goes up. It's almost like you have no understanding of supply and demand.

Houses should depreciate to the square root of their value each year.

Because you're underage, and don't understand business.
Please refrain from posting until you aren't retarded.

Also this has nothing to do with politics newfag.
Sage.

>Population size and demand.

real estate agent here. this is it. houses are only worth what a ready and willing buyer will pay for them.

theres also a million other reasons why a house would or wouldn't go down in value. if you take care of the house the value stays the same. if you let that shit get dated then it'll go down in price.

there's places by me where 250k condos sell on day 0, but 1mil houses/mansions stay on the market for years.

Some of them do, especially if your neighborhood gets diverse.

Because we can make new cars... we can't make new land to live on.

regulation caused great depression
and house price inflation
deregulate
that means no building codes
no union workmen
no regulations
mass produced houses
and insurance all deregualted too

The parts of a house are neither going to wear down with age at the same rate as a car (assuming basic maintenance and no history of abuse), houses largely don't "age" in any meaningful manner where an old house is drastically inferior to a new one, and a good chunk of a house's inherent value is the land upon which it is built.

actually you are obtuse
regulation makes something like an ageing house go up in price
try selling your car for 10x as much in 20 years
dum dum

land won't go down unless it's some shithole place like a ghetto in detroit.

land (real estate) is extremely valuable because it's finite, and the human population exploding only increases its value. that's why the church of scientology has bought so much real estate around the world, because they're smart

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This. My parents sold their house on an island in FL a few years ago for around $350K. The house itself was probably worth $75K but the land was the big sell. Thankfully we sold it to some nice Germans who didn't demolish the house since I grew up there and that would sucked.

deregulate
lower gov spending 99%

Because then the plebs might own something, and we can't have that!

Here in the UK about 200,000 houses that are empty year round, and 1,580,000 people have second homes that they use at least once a year (as in not a property to let).

Not unless Canada gets serious about stopping the Chinks from throwing their money at it, or if China allows them non-land inheritance.

They do, especially if you do not renovate the real estate.

t. M&A professional who occasionally do real estate deals

Technically, the house is depreciating while the land increases in value. Increases in population plus infrastructure upgrades such as bigger better roads, new schools, etc, make areas increasingly desirable. Even if a neighborhood gets shittier, low rent attracts people that breed faster, and that drives demand.
Houses fall apart, they need roofs, plumbing, heat, etc., or they
get condemned.
Look at mobile home and travel trailer resale prices and you will see they are more like cars or appliances. Hope that helps, user.

There's probably too much money in it.

I mean, sure, if there was an extreme crash it would cause an absolute shitshow, but at the end of it you'll have a lot more young people with houses, paying less on their rent and mortgages for the lowered prices, and with more disposable income to put back into the economy,

Houses go down in value as their utility goes down. But as you go into the past houses were made better, so a house made ten years ago might be well past its prime, with the start of serious structural damage, while a 300 year old house could be as sound as the day it was made. The 300 year old house, assuming it has been maintained, has proven that it will likely last another 300 years if taken care of. The 10 year old house has proven it will need to be bulldozed in ten years, best case scenario.

That's the most moronic comparison you can make other than computers.

Sometimes they do, if they're in nigger neighborhoods. Real estate is faggoty and complex that way. Neighborhoods vary in quality and services as well as scenic views and (((they))) will charge you what (((they))) think (((they))) can get you to pay for it.

And then you have outlier cases where a flood of chinkies is trying to get their money out before their government tries to fuck them out of it and they've been trained to mindlessly buy houses because that's what you do in Chinkieland. So they idiotically bid everything up to ludicrous levels.

In the long run houses track inflation though. Funny that shelter and food would be necessities and not much else in the long run.

So if you see real estate consistently going up, perhaps it's not the house getting more valuable but your fiat money that's becoming worthless.

>In the long run houses track inflation though
How do you explain where inflation is accounted for?

Value of vehicles goes down because more get made and put into production. The amount of cars in circulation is relatively infinite.

Land is finite.

Because houses don't have moving parts under extreme stress fuckwad.

Sage

I'll take currency devaluation for $200...wait $400...okay $1000

a dollar ten years ago is worth more than a dollar today. Until you can grasp the concept of time value your too retarded to talk to.

inflation caused by regulation