London Banter - View Single Post

JNugent

wrote:

Mikael Armstrong wrote:

Another part of the reason is that houses last
considerably longer than cars generally speaking. But just
for the hell of it, see what price you would have to pay
for a Mk1 Cortina now, it will be significantly above it
price when new.

[ ... ]

Thankfully we have a far greater choice these days and
don't have to buy Mk1 Cortinas. People who wish to buy
"classic cars" are obviously free to do so.

Hmmm, You compared the difference in price rises between cars and
houses. I used the analogy of a Mk1 Cortina to illustrate that cars
also increse in value over time.

I used to know a lot of people driving Mk1 Cortinas (evn had one myself for
a short while).

They all fell to bits (cars were rubbish then compared with today's superior
products).

In order to be worth anything at all now (infact, in order to still
*exist*), a Mk1 Ford Cortina would have had to have love and attention (not
to mention spare parts) worth *many thousands of pounds* lavished on it. If
you'd just parked it on your driveway, it would have simply rotted away.
Cheaper to buy a secondhand Ford Focus.