I just looked up the blue book value of my fully functional car and it had a private seller value of $800.
I just sold a used set of Zipp 404s on eBay for $800.
One went from $20,000 to $800 in 16 yrs. The other went from $2000 to $800 in 8 yrs.
I guess pretty much everything gets to zero value over time. Until it doesn't and gets more valuable again as a "classic".
It got me to thinking about if any "products" that I own have a value over $500 after 20 yrs. The only thing I could come up with is my dads gold watch. I guess I should add the house to that list even though I never consider it a product but I guess I should. So real estate and jewelry.
I just sold a used set of Zipp 404s on eBay for $800.
One went from $20,000 to $800 in 16 yrs. The other went from $2000 to $800 in 8 yrs.
I guess pretty much everything gets to zero value over time. Until it doesn't and gets more valuable again as a "classic".
It got me to thinking about if any "products" that I own have a value over $500 after 20 yrs. The only thing I could come up with is my dads gold watch. I guess I should add the house to that list even though I never consider it a product but I guess I should. So real estate and jewelry.