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Answer Posted / swathi
A house, car, or equipment suffer from wear and tear over time, making them worth less and less. Land does not do this. You can, of course, ruin the value of a property by tearing it up, dumping chemicals, or any number of things... But if does not "wear out". Other than fluctuations based in real-estate values rising and falling... The land generally retains it's value or increases in value (unless you spent too much on it to begin with). In fact, over the long term, land is the best investment, IMO, because unlike things which are depreciated, land will go UP in value over the long term, because the demand is always increasing, while they are not making any new land.
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