Cars are a very interesting type of asset. In 99.9% of cases they lose most of their value in their first couple of years, that's because they have become pieces of technology that are increasingly more expensive to keep in an operational state, the older they get.
That is unless we're talking about cars that are either very rare (and therefore valuable, think Ferrari) or have unique attributes that are in high demand in the marketplace.
Conversely, buildings are not considered to be an asset class that typically loses value over time, and most of the time they don't, but because their value is heavily based on their location, they can lose value in locales that have become less desirable over time (e.g. detroit).
The question is: as buildings become more and more embedded with all kinds of tech, will they become more like cars and depreciate faster, as they become more and more expensive to maintain over time? Or will we get to the point where tech is as robust as bricks? Old buildings are robust because they are comparatively simple.
Are we headed towards the constant obsolescence of everything all the time? If that's the case, what will we invest in in the future? What do you think?
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