It's funny you mention automobiles, because nobody buys automobiles as a means o... | Hacker News

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		enraged_camel on April 15, 2013 \| parent \| context \| favorite \| on: The Terrifying Reality of Long-Term Unemployment It's funny you mention automobiles, because nobody buys automobiles as a means of investment (since they lose a ton of value quickly). As a useful durable good, sure houses have value, but renting accomplishes the same purpose (of giving you a place to live).

eli_gottlieb on April 15, 2013 | [–]

I wasn't being sarcastic. That was my point: houses are a durable good, which means they're not an investment at all and shouldn't be treated as such.

tks2103 on April 15, 2013 | [–]

i think he was being sarcastic

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