Thinking about selling the STi

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Old Sep 8, 2006 | 12:37 AM
  #16  
keirnna's Avatar
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From: Okinawa, Japan
Car Info: 1996 STI V3 Type RA
Originally Posted by enzo350
Although your statements are true, houses are still investments and the theory is over time, the value will appreciate. How it appreciates is all market driven.

Generally, a car on the other hand depreciates regardless of how much the owner spent to modify it. In some cases, heavily modified cars could depreciate more than cars left stock. Old muscle cars and exotics will appreciate in value though.
No, a house is a house not an investment. There are a very few places in the nation that are appriciating, Hawaii being one of them. While I will admit it is a better place to put your money than a car it is still a liability as long as you have to pay money on it. The thing is people today think appriciation is guarunteed, but it sure isn`t.
Old Sep 8, 2006 | 02:52 AM
  #17  
STiAlain's Avatar
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Originally Posted by keirnna
No, a house is a house not an investment. There are a very few places in the nation that are appriciating, Hawaii being one of them. While I will admit it is a better place to put your money than a car it is still a liability as long as you have to pay money on it. The thing is people today think appriciation is guarunteed, but it sure isn`t.
you can also add florida to that list the market down there is hot right now ... my father's house in miami just sold for 570,000. and he paid 160k for it...

Last edited by STiAlain; Sep 8, 2006 at 02:57 AM.
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