Quote:
Originally Posted by 1andrew1
You buy a car. Sell it a year later and it will have lost thousands. Money disappears.
Yes, those house builders, realtors, mortgage-lenders in the US rust belt and elsewhere did rather well. How well they will do in the long-term is another matter.
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Wrong analogy.
I buy a car, having used it the value of it is less and rightly so, it's not worth the same as a new one. The point is it was paid for so the money changed hands in the beginning so someone had it.
Unless they bought another car they still have it.