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And you can devalue any asset if you can sufficiently increase its supply. Used cars are also an asset and you don't see billionaires gobling them up (with the exception of rare collectibles).


No (actual) investor sees used cars as assets.

An asset is something that produces income such as a bond, a piece of real estate that you rent out, or a company engaging in the market.


Used cars can generate income if you lease them out. And there are firms that will do this including dealerships and rental car companies. What you don't see though (unlike real estate) is random general investors (who are not car leasing specialists) buying up large chunks of the used car supply in order to lease them out. And the reason they don't do this is because new cars get manufactured fast enough such that older cars just keep getting devalued making it a relatively low margin business. The suggestion being made by YIMBYs (of course) to continuously allow constructing high density housing such that there will always be lots of brand new units on the market in order to help devalue the older units. I would suspect at that point that general investors would likely leave the apartment leasing business, selling them either to individuals that will choose to live in them, or to firms whose specialty is home leasing - the only type of business likely to be able to profitably lease used housing at low margins at that point.




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