Why is it you paid more for your house than your car.?

Question

Which has the same price in value.

Answer 1

because a house is bigger.  it has a kitchen, living room, bedrooms, bathrooms, and a garage where it can hold your CAR in.  a car can only take you from one place to another.  a house is used for everything else!

Answer 2

The same price in value? Whose value? Certainly not mine. My house has a lot more value than any car I own, ever have or ever will own. I raised my kids here, My grandkids swim and play here. We raise a garden here every year which provides vegetables for my wife and I and for our kids and grandkids. We have an orchard which provides us with fruit and finally it provides us a place to just kick back and enjoy life. If your car is the most important thing in your life, then you, unfortunately, don't have much of a life.

Answer 3

I actually paid more for my pickup than I did the house. Let me explain, the house was purchased 30some years ago with 5+acres for 33000 and my new diesel truck cost 35000. the house and land are now valued at over 250000. but its paid for.

Answer 4

Housing does not depreciate nearly as quickly as cars do, and also can go up in price.

Currently the housing market is terrible, but in a good economy buying a house can actually be an "investment".  Whereas a car is almost never an "investment", unless you are someone that is restoring classic cars.

The bottom line is, if you buy a house for five hundred thousand dollars, next year it is still likely to be worth five hundred thousand dollars as long as nothing happens to it.  However if you buy a brand new Rolls Royce for five hundred thousand dollars, next year it is likely to only be worth about four hundred thousand dollars even if you keep it in perfect condition and almost never drive it.