In life there we always strife to survive and also live a comfortable life which we will see in the future and be glad we invested in them compared to the wastage of money then. Everyone is entitled to live a comfortable life so far they work very hard to obtain those things even though it doesnt come so easily like that. We all have plan of getting some things that will make life look promising and some of them is what i will be talking about which i will be comparing the two assets to each other and talk more on them, A car and a house is just the two assets which i will be comparing together, both are good but still there are lots to talk about.
Acquiring this assets serve different purpose and House is seen as a place for shelter and no one on earth wont want to get a house either through rent or buying and building from scratch. A car is used for transportation from one place to another and the first thing i will be talking about is the term of investment.
Term of Investment
House is seen as an assets which can be renovated as time goes on and it can will surely appreciate and it is seen as a long term assets due to its appreciating value over time compared to a Car which require lot of cost and it wont surely serve for a long term, due to its depreciating value. For me i see buying of a house as a good investment for me which is just like acquiring a land that will surely get more value over time likewise house you can't get a house at the price of $40,000 and still sell it out after 5years for that same price, it can never be because when renovation is done, the price will surely increased and it will bring in more income to the owner.
When a car use up to a year, surely, it will degrade and there is need to expect to sudden issue which the car might develop a fault causing lot of money to be spent on repair and with this, it is surely depreciating the value.
Selling out
House owning are not easily been sold out because it do take lot of time in other to sell out a property and make it turn to cash. Looking at car it can be easily sold out but the reselling will surely be at a lesser value different drastically from their original price.
For a car the maintenance of it might be money consuming compared to a house, looking at the cost of fuel and also the usage everyday for transporting, the high cost of maintenance is considered and for a house the maintenance is not as costly as that of the car because is not flexible and can't be moved from one place to another so it is just stationary and the level of fault which could be developed is minimal. So in a nutshell, House is tagged as a long-term investment asset which appreciate with time and car depreciate with time due to the everyday usage.