Why Homes Grow In Value and Vehicles Do Not.

And all vehicles do is travel over all that land - losing value every mile.

Good morning Lenn. Simple and to the point. I liked this. Thank you.

Lenn great quick explanation.

However, it works a little different if the home is on a pair of wheels, even with the big satellite dish out front ....... LOL

Makes perfect sense and also explains why houses in my area are so expensive...not much land to expand on.  (plus close to NYC)...this is why they build up.

I like that analogy with the Popsicle.  Land...beneath all, for sure.

So, do you know where I can land a really valuable popsicle?  Let me know!

Have you checked the price of a 1957 Chevy recently? 

Lenn- I too like the analogy with the popsicle!  There's only so much land, what we have is it.  But somehow, we manage to always be able to come up with metal, rubber and a different design.  Drive it off the showroom floor and you've lost money in your investment already. 

Hi Lenn - In seedier parts of the country, I've seen vehicles slowly becoming part of the land :)

Not very often you can wear out the land, and homes normally cna be fixed unlike cars.

Brilliant way to put it. 

Lenn Harley wondering why I did not see on Feature Posts list!

This is so fundamental - and it's a great message for first time home buyers! They are always afraid if they will ever recover what they paid for their home.

location, location, location.  I always tell folks if you lifted our homes and moved them to say Chandler they would be 75k more. Home never changed, the land underneath it did. 

Becasue there is only so much land to put real estate on.  They can make new automobiles by the millions each year.  It is considered a disposable item!!!

Yes and I love the way Kevin J. May uses it in his byline or is that buyline, lenn.

Bad news for my youngest son, as he just bought a new car, Lenn Harley ... a must to have, no doubt about it.  But reluctantly purchased ...

Gene

They don't make more land, except in the Middle East.  Every year a few hundred thousand cars come off the assembly line