Why does it cost more to rent a car than a house?

[Bizmark13]

For example, the top shows an average compact late-model car. It's available to rent at a discounted rate for $35 per day which works out to $245 per week minus fees. Such a car would typically cost about $20,000.

The bottom shows a house. It's available to rent for $70 per week which works out to $10 per day minus fees. Although rather small, there is no doubt that this house would be worth much more than the car above.

Why is this so?

[Polycoin]

For example, the top shows an average compact late-model car. It's available to rent at a discounted rate for $35 per day which works out to $245 per week minus fees. Such a car would typically cost about $20,000.

The bottom shows a house. It's available to rent for $70 per week which works out to $10 per day minus fees. Although rather small, there is no doubt that this house would be worth much more than the car above.

Why is this so?

That house looks like it's worth $500. I can make that by hand in 1 day.

[Snipe85]

That house looks like it's worth $500. I can make that by hand in 1 day.

I'd like to see you do it. I'd even pay $500 if you managed to pull it out.

[protokol]

You're more likely to crash a car than to crash a house?

[steveturk]

start with the nett asset value

house goes up in value on average

car goes down in value

[bitcoin4eva]

You're more likely to crash the car than the house.

[Gronthaing]

You're more likely to crash a car than to crash a house?

That and you can't run away with a house. The house is a safer asset. And as others said it tends to go up in value along with the land.

[BCwinning]

You're more likely to crash the car than the house.

which is why there is insurance. And why rental companies want a major credit card.
They also make sure you have insurance before you leave.
Here in the states cars are another mortgage payment.