SuperCub@sh.itjust.works to Asklemmy@lemmy.ml · 24 days agoWhat are some assets that depreciate considerably once you purchase/obtain them?message-squaremessage-square69fedilinkarrow-up167arrow-down12file-text
arrow-up165arrow-down1message-squareWhat are some assets that depreciate considerably once you purchase/obtain them?SuperCub@sh.itjust.works to Asklemmy@lemmy.ml · 24 days agomessage-square69fedilinkfile-text
minus-squareTruffle@lemmy.mllinkfedilinkarrow-up1·24 days agoThis is my logic too. I own my house but have been leasing a new car every year for over ten years now. I was kind of skeptical at first but for now I think it works out for us.
minus-squareScrubbles@poptalk.scrubbles.techlinkfedilinkEnglisharrow-up5·24 days agoI think it’s fine to own, but not as an asset but more of a cost to drive. “I am paying $30k (plus interest) to be able to drive for the next 10 years”. To me, that is a realistic expectation
This is my logic too. I own my house but have been leasing a new car every year for over ten years now.
I was kind of skeptical at first but for now I think it works out for us.
I think it’s fine to own, but not as an asset but more of a cost to drive. “I am paying $30k (plus interest) to be able to drive for the next 10 years”. To me, that is a realistic expectation