[exterrestrial]

You can’t compare cars to real estate and property.

For one, most property and real estate appreciates in market value on it’s own. This makes spec construction viable, and why most new apartment buildings in expensive cities are ”luxury” units and rented for very high rates. The owners are happy to let them sit empty and starve the market to max out demand when they know there is enough jobs in the area that people are competing heavily to move there.

In addition, the markets are tiny compared with cars, which are easy to move to cars to other markets (cities).