Question

Which of the following statements is correct?

A: Cars typically lose the most value in the first year after purchase.
B: Houses will always appreciate in value over the long-term.
C: Both A & B
D: Neither A nor B

Answer 1

A: Cars typically lose the most value in the first year after purchase: RIGHT (it's assumed cars lost around 20% of their value the 1st Year)

B: Houses will always appreciate in value over the long-term: RIGHT
So the answer is C: Both A & B