Why is it that.......

[Freak Show]

as soon as you drive your brand new car off the lot, it depreciates in value, but when you buy a home you can actually make money off of it when you sell it?

 

[frorider6]

cause nobody wants to buy your shitty ass Hyundai.

 

[Kakdiesel]

call car salesman are all the same..new or used..they are tryin to make a buck off every person whenever they can.

real estate investments are unfortunately not looked at by the general population..i would say only 1/4th or 1/3rd of the population gets into real estate to make profit..and because it doesnt happen a lot (the whole buying/selling process) the market cannot afford to completely drop prices off houses or property multiple times...

plus cars are updated every year...new cars built every freakin year..we have so many cars on the road its ridiculous...i wish I knew a stat on this, but I'm guessing there are an average of 1 car per person in our country...thats a lot of automobiles...

oh and what up freaky

 

[Kakdiesel]

cause nobody wants to buy your shitty ass Hyundai.

hey hyundai's arent so shitty anymore..name another car maker that gives a 100,000 mile warranty on your car at a great price???

If anything is shitty its FORD

 

[Freak Show]

Good answer Kak. Seems to make sense.

 

[Weapon X]

Because the land your house is on never gets old or worn out.

 

[MattTheSkywalker]

Weapon X is right on.

Also, you can deduct the depreciation of your building from taxes you pay.....about 2.5% per year.

You canget screwed when you sell it, because you are taxed on the SUM of the depreciation at the time of sale. This isn't so bad for homes but it crearts a logjam among commercial properties....no one wants to sell.

 

[HappyScrappy]

hey hyundai's arent so shitty anymore..name another car maker that gives a 100,000 mile warranty on your car at a great price???

If anything is shitty its FORD

while I do agree that Ford sucks and I refuse to buy any of their products (including Volvo, Jag, or Alfa Romero (sp?)) - I will disagree with Hyundai being good value.

if you drive slowly and are never around any obstancles, rough roads, or other drivers... then you might stand a chance - otherwise they are death traps:

http://www.crashtest.com/hyundai/
(far too much black and red overall)

Hell, even Kia's fare better on the test and those are known death traps (deadly injuries at sub 40mph).

I'm just a "snaab" b/c my car has the best real world crash test data - you could literall drive it in to a brick wall at 60mph and open the door and walk away (albeit never get that car back).

 

[Freak Show]

Weapon X is right on.

Also, you can deduct the depreciation of your building from taxes you pay.....about 2.5% per year.

You canget screwed when you sell it, because you are taxed on the SUM of the depreciation at the time of sale. This isn't so bad for homes but it crearts a logjam among commercial properties....no one wants to sell.

Matt,
You are so far beyond me its not even funny. God, I need a better edumacation.

 

[Steelheart]

The new Hyundai elantra and sonata look pretty good.

Also the kia sportage...

Hey Im gonna be a dad soon I need to start looking at economy.