Things that are over priced

UpAndComing

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I think you got them flipped. Explain.

Cars cram so much tech in them, I'm surprised they're not more.

Houses, not so much.


The literal point of having a car is safety and durability. But somehow in the Car world, Brand name >>> Safety and Durability. Car prices are a function of name brand. You can have a Toyota Camry or Honda Civic that is $10k that has an amazing engine, all the electronics, engine that lasts for 2 decades, etc., durable and safe... but not be no where as near as much money as a Benz, Rolls Royce, Tesla etc etc..... The Demand of a car and why some cars are more expensive than others does not make logical sense

A house's value is 100% location dependent. It is stationary and a necessity. The more people that move to a city, the higher demand for housing, the prices go up. It is more common sense and logical to the price of a home. If you want a lower priced home, move to a city that has a lower demand for housing. Simple
 

Vandelay

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The literal point of having a car is safety and durability. But somehow in the Car world, Brand name >>> Safety and Durability. Car prices are a function of name brand. You can have a Toyota Camry or Honda Civic that is $10k that has an amazing engine, all the electronics, engine that lasts for 2 decades, etc., durable and safe... but not be no where as near as much money as a Benz, Rolls Royce, Tesla etc etc..... The Demand of a car and why some cars are more expensive than others does not make logical sense

A house's value is 100% location dependent. It is stationary and a necessity. The more people that move to a city, the higher demand for housing, the prices go up. It is more common sense and logical to the price of a home. If you want a lower priced home, move to a city that has a lower demand for housing. Simple
I see that and I think we have difference of opinion related to perceived value versus actual value. I threw houses in there with diamonds and alcohol, because there's relatively nothing put into those relative to their value. Cars have some function of perceived versus actual value, but a lot of the actual cost is tied up in higher end parts as much as the perceived value of the brand. Difference is those exotics cars, save the Mercedes and BMW's of the world might only represent 1% of all cars sold. On the converse a Kia Optima or a Honda Accord is giving you a helluva lot for the money.
 

UpAndComing

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I see that and I think we have difference of opinion related to perceived value versus actual value. I threw houses in there with diamonds and alcohol, because there's relatively nothing put into those relative to their value. Cars have some function of perceived versus actual value, but a lot of the actual cost is tied up in higher end parts as much as the perceived value of the brand. Difference is those exotics cars, save the Mercedes and BMW's of the world might only represent 1% of all cars sold. On the converse a Kia Optima or a Honda Accord is giving you a helluva lot for the money.

Yeah but you can't throw Houses with Diamonds and Alcohol because Houses unlike the other two are a necessity. And also land is a scarce commodity. There is a limited inventory. It doesn't compare with Cars, diamonds, or alcohol, which all 3 can still be looked at as a luxury and not a necessity of life. A house is an absolute necessity of life for a human, so therefore the demand of it is more local, more real, and more certain. The other 3 are just related to name brand, marketing, social status, etc, nothing of importance at all to life or death. And on top of all of that you can still get a great price on a house if you just go to an area with a lesser demand for housing
 
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