We like to think that our major purchases in life go up in value, but sadly, not all of them do. But it's nice to know that everything old is new again, and some of those 'vintage items' from your past might actually be worth a goldmine these days. But I digress.

The Insider and MSN Money have reminded me of some things that lose money almost imediatly after you purchase them, and frankly, it's kind of a bummer. The list is below for your perusal.

  • Vehicles - devalue at least 11% once you drive them off the lot
  • Phones - lose up to 78% in one year, and the iPhone 7 lost 34% of it's value in one month
  • Wedding Dresses - yes, you can resell them, but usually at only 50% of what you paid for it
  • Video Games - worth almost 70% less once you open or unwrap them
  • Books - unless you are selling in bulk, the price can go down by about 61% in less than a year
  • Timeshares - they depreciate in value, and generate no income. And they are extremely difficult to sell
  • Diamonds - most jewelers buy second hand sparklers on consignment from wholesale sellers, and not from individuals sellers
  • Electronics - a drastic drop in value, up to 60%, the second you open them

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