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Real Estate
Reply to "DC Row Houses and Garages"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I've never understand the desire to "house" your car but I also don't waste time worrying about door dings and scratches on the bumper of my rapidly depreciating car. And since very few DC residents use their garages for actually storing their car I don't seem to be alone in this belief.[/quote] You my dear have never known the joy of the attached garage in the winter. [/quote] OP.. Well.. there's a few things here: 1. Protecting a $6000 1990 Toyota or civic from dings and the elements is a very different decision that protecting your $120k Porsche or Tesla. Even in between those two extremes, cars can be quite expensive and I never understood people who don't want to take care of such a large investment when they have garage space - I hate seeing a nice car parked on the street while the garage houses some old couches and boxes of junk. 2. In our case it is not so much about protecting our "daily driver" (though that's good too) as having space for the DH's fairly serious hobby of fixing up and restoring older cars, race cars, etc. If not for that hobby, we'd probably consider outdoor (offstreet) parking if the house was otherwise suitable.[/quote] Cars are not an investment. [/quote] Not true. It depends on the car. Your regular boring every day car is not an investment. But exotic cars are good investments. They always appreciate over time. A friend of mine sold a 1940 Mercedes at an auction for $2.5 million. He bought it for $1.5 million a few years prior. It was a very rare model and only a few hundreds were ever built. [/quote]
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