[snowwindwaves]

cars are liabilities: they cost you money to own and you can't sell them for more than you paid for them, classic cars aside. houses are different because...? they still require expensive maintenance like a car, upkeep in the form of insurance and property taxes... houses are only assets when you are better off than renting or you are renting the house and turning a profit.

I think house prices were also driven up by dual income families who can afford more expensive housing.