Nice Car or Nice House?

RambleJ · 07-31-2012, 03:05 PM

Quote:

Originally Posted by Sam335ix

I like guys like you, you pay the mortgage on my investment properties

with that said, home ownership is a long term commitment like a marriage. You keep renting for 30 years and tell me what you are left with... no tax write offs, no equity and home ownership... in 17 years my house will be paid off and I am 39. Car is never going to get you rich or help you to build a nest egg... too late, time for bed.

You have to consider the difference in housing cost between VA and the part of California he is talking about.
Hell I just moved from southern CA to Texas and the cost of living is so much drastically lower in TX.
Not too sure what the real estate differences are between CA and VA, but I am sure there is a difference in VA's favor.

kevinbahnz · 07-31-2012, 03:12 PM

every situation is different , a nice house in one city can mean a shack in another, and what is considered a nice car? judging by the price or the car?

benzo23 · 07-31-2012, 03:28 PM

Id live in a fucking box as long as I have a nice car and its in a garage lol just the passion for cars i guess

stubenhocker · 07-31-2012, 03:38 PM

i WOULDN'T OWN A "NICE" CAR IF i DIDN'T HAVE A NICER GARAGE TO KEEP IT IN!

Nalod · 07-31-2012, 04:18 PM

Quote:

Originally Posted by TheyH8n

This is the first scenario Ive seen someone pussy whipped, before the pussy is even there..lol Why would u want to marry anyone who gave a shit what the house looked like?

I thought Pussy likes house?

spicytofu · 07-31-2012, 04:54 PM

Quote:

Originally Posted by TheyH8n

This is the first scenario Ive seen someone pussy whipped, before the pussy is even there..lol Why would u want to marry anyone who gave a shit what the house looked like?

someone is going to get a divorce....

335iaz · 07-31-2012, 05:04 PM

I would save up the 20-25% down for a house that you can see yourself "dying in" ...

Bmoney2K4 · 07-31-2012, 06:06 PM

OP, how do you define amazing cars?

For some people a little 3 series is nothing.

Everybody has different circumstances.

Bmoney2K4 · 07-31-2012, 06:07 PM

In L.A., I would say getting or renting a nice apartment is a must. You have to pay a lot of money to get away from the thugs and gangsters so it depends on what city you live in.

DUI Elite · 07-31-2012, 06:17 PM

*shifty eyes* what about already having a car you're content with in college, but it being your expensive to maintain BMW, and wanting a house?

Compromise = hard.

Sam335ix · 07-31-2012, 06:23 PM

Quote:

Originally Posted by RambleJ

You have to consider the difference in housing cost between VA and the part of California he is talking about.
Hell I just moved from southern CA to Texas and the cost of living is so much drastically lower in TX.
Not too sure what the real estate differences are between CA and VA, but I am sure there is a difference in VA's favor.

I live outside of dc, cost of living here is just as expensive as it is in CA.

GChase · 07-31-2012, 06:43 PM

Quote:

Originally Posted by Bmoney2K4

OP, how do you define amazing cars?

For some people a little 3 series is nothing.

Everybody has different circumstances.

True but I was referring to modded/turbo charged e9x's that I've seen parked in front of peoples' apartments. Those are pretty amazing cars IMO. I just question where some of their priorities are financially.

Bmoney2K4 · 07-31-2012, 07:51 PM

nobody knows. A lot of these people with nice cars may be in debt. It's hard to really know.

DUI Elite · 07-31-2012, 08:44 PM

Quote:

Originally Posted by King mode

My program:

I buy a house every 1 -1.5 years (to get owner occupant mortgage rates, you must live in the home for at least 1 year), live in it until I find the next good investment property and buy it and move. I then rent my previous house which covers my mortgage and on top of that I average $500-1000 per month In cash-flow (depending on the property). I'm 27, I own 4 houses in the "hot" neighborhoods in Denver, I have a fully paid off 08 335xi, a 99
a4 big turbo drag car, and a cabin 1 hour outside Denver. I tend to purchase my homes with 25% down. I must say that not having kids helps big time but that will change down
the road. As you can see I'm a big believer in home ownership and owning income properties. My goal is 10 investment properties by age 35, I'm on my way.

im mad how nonunique my plan sounds lol

I was thinking same thing, except limit to high demand real estate like a condo in chicago. Live there for a year or two, while building equity to afford down payment on next place, and do what I can.

Honestly, plans for this car - $10k in mods, absolute tops. But I will shell out whatever is needed beyond that in maintenance because I enjoy the car. I will not trade in my 325 for a 335 just because I want to get more tempted to get speeding tickets lol. I like to think I made my compromise by sticking with an affordable (to me) BMW.

Now maybe when I have the equity, I'll worry about things like "should I trade up for an M3?" etc. But otherwise, theres more important things in life. And much better ways to get your money to work for you then dropping it all into a car.

Plans for real estate - in the millions if I can have it my way.

Kolyan2k · 07-31-2012, 08:50 PM

Quote:

Originally Posted by Bmoney2K4

nobody knows. A lot of these people with nice cars may be in debt. It's hard to really know.

i remember they showed this guy on TV who lived VERY luxury celebrity life style. then he committed suicide and everyone found out that in reality he was broke as fuck. he even was a member of elite club for wealthy people.......

TheyH8n · 07-31-2012, 08:58 PM

Quote:

Originally Posted by spicytofu

someone is going to get a divorce....

who me? I wont because ill never get married, because I dont believe in a bitch taking half of what I've worked for..lol Seen it happen way too many times. You think its all a walk in the park while your in the moment until shit hits the fan. I dont really believe in marriage.

But you my friend will live a life with your tail always tucked between your legs asking "permission" to do shit instead of being a grown ass man and doing what you want. Having to lie to your wife to spend any of YOUR hard earned money into your car or other hobbies. No thanks

Sam335ix · 07-31-2012, 09:03 PM

Quote:

Originally Posted by TheyH8n

who me? I wont because ill never get married, because I dont believe in a bitch taking half of what I've worked for..lol Seen it happen way too many times. You think its all a walk in the park while your in the moment until shit hits the fan. I dont really believe in marriage.

But you my friend will live a life with your tail always tucked between your legs asking "permission" to do shit instead of being a grown ass man and doing what you want. Having to lie to your wife to spend any of YOUR hard earned money into your car or other hobbies. No thanks

You ll never should get married if your going to refer to a woman as a bitch... There is a thing called prenup, look it up. Grow up dude.

kdbryce · 07-31-2012, 09:05 PM

def gonna drive a nice car and have a nice house or a nice apartment.

fuck mediocrity

EDIT: AND a nice a apartment

Eternal · 08-01-2012, 10:12 AM

Quote:

Originally Posted by TheyH8n

who me? I wont because ill never get married, because I dont believe in a bitch taking half of what I've worked for..lol Seen it happen way too many times. You think its all a walk in the park while your in the moment until shit hits the fan. I dont really believe in marriage.

But you my friend will live a life with your tail always tucked between your legs asking "permission" to do shit instead of being a grown ass man and doing what you want. Having to lie to your wife to spend any of YOUR hard earned money into your car or other hobbies. No thanks

Are you 12? You have no clue what marriage is, do you?

Kolyan2k · 08-01-2012, 11:08 AM

lol from cars to houses to marriage........

ps. my father is homeless and all wracked as a result of his wonderful marriage. lost everything thanks to fucked up USA laws.

Nothing wrong with marriage, its the the country that makes it so bad

Matrixolution · 08-01-2012, 12:21 PM

Houses produce cash flow (Investment Property) is an Asset.

House that you live in (Primary Residence) is a Liability.

bbq · 08-01-2012, 02:49 PM

Nice car of course. Buying a nice car is a bad decision, but buying a nice house *right out of school* is even worst.

At least with the car you can't really lose much money on it. In the worse case you can just drive it down to the dealer and get rid of it. You may still owe the bank a few Gs but nothing that will really kill you financially.

Buying a *nice* house when you are just fresh out of school is just stupid. I dont care where you work and how much you earn, unless your father's last name is Bush I don't think you can guarantee your job will still be there in a few years.

Saving up the money for a smaller house, or save a bit longer for a nicer one. At least work for a few years to see if you really like the industry/company/city before you commit to a big investment.

View Poll Results: Nice Car or Nice House?
Nice Car	57	24.46%
Nice House	176	75.54%
Voters: 233. You may not vote on this poll

07-31-2012, 03:12 PM	#90
kevinbahnz Captain 152 Rep 709 Posts Drives: 2008 335xi sedan Join Date: Aug 2008 Location: Ma-NC iTrader: (1)	every situation is different , a nice house in one city can mean a shack in another, and what is considered a nice car? judging by the price or the car? __________________
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07-31-2012, 03:28 PM	#91
benzo23 Colonel 74 Rep 2,848 Posts Drives: 14 F30 AW MSport Join Date: Apr 2010 Location: FL iTrader: (1)	Id live in a fucking box as long as I have a nice car and its in a garage lol just the passion for cars i guess
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07-31-2012, 03:38 PM	#92
stubenhocker Second Lieutenant 24 Rep 296 Posts Drives: 2007 E91 2016 F30 328d Join Date: Oct 2005 Location: Brush Prairie, WA USA iTrader: (0)	i WOULDN'T OWN A "NICE" CAR IF i DIDN'T HAVE A NICER GARAGE TO KEEP IT IN!
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07-31-2012, 05:04 PM	#95
335iaz Cause their greeaaaaat!!!! 29 Rep 717 Posts Drives: SBM E90 335i Join Date: Nov 2009 Location: Peoria, AZ iTrader: (14)	I would save up the 20-25% down for a house that you can see yourself "dying in" ... __________________
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07-31-2012, 06:06 PM	#96
Bmoney2K4 Captain 185 Rep 885 Posts Drives: 2016 535i Join Date: Oct 2008 Location: Los Angeles, California iTrader: (0)	OP, how do you define amazing cars? For some people a little 3 series is nothing. Everybody has different circumstances.
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07-31-2012, 06:07 PM	#97
Bmoney2K4 Captain 185 Rep 885 Posts Drives: 2016 535i Join Date: Oct 2008 Location: Los Angeles, California iTrader: (0)	In L.A., I would say getting or renting a nice apartment is a must. You have to pay a lot of money to get away from the thugs and gangsters so it depends on what city you live in.
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07-31-2012, 06:17 PM	#98
DUI Elite ///M at Heart 90 Rep 1,954 Posts Drives: 06 SGM E90, 15 BSM E84 Join Date: Jan 2011 Location: Chicago, IL iTrader: (4)	shifty eyes what about already having a car you're content with in college, but it being your expensive to maintain BMW, and wanting a house? Compromise = hard.
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07-31-2012, 07:51 PM	#101
Bmoney2K4 Captain 185 Rep 885 Posts Drives: 2016 535i Join Date: Oct 2008 Location: Los Angeles, California iTrader: (0)	nobody knows. A lot of these people with nice cars may be in debt. It's hard to really know.
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07-31-2012, 09:05 PM	#106
kdbryce I have to return some video tapes 362 Rep 4,712 Posts Drives: e70 X5M Join Date: Apr 2011 Location: Albany, NY iTrader: (0)	def gonna drive a nice car and have a nice house or a nice apartment. fuck mediocrity EDIT: AND a nice a apartment __________________ 13 Carbon Black e70 X5M - 13 Black Sapphire e92 335i - 10 Le Mans Blue e92 335i - 09 Monaco Blue e92 328i xdrive - 07 Sparkling Graphite e92 328xi
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08-01-2012, 11:08 AM	#108
Kolyan2k Major General 920 Rep 5,538 Posts Drives: 2006 S2000 Join Date: Apr 2010 Location: Boston iTrader: (1)	lol from cars to houses to marriage........ ps. my father is homeless and all wracked as a result of his wonderful marriage. lost everything thanks to fucked up USA laws. Nothing wrong with marriage, its the the country that makes it so bad
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08-01-2012, 12:21 PM	#109
Matrixolution Enlisted Member 0 Rep 44 Posts Drives: E90 xi Join Date: Aug 2012 Location: Toronto iTrader: (0)	Houses produce cash flow (Investment Property) is an Asset. House that you live in (Primary Residence) is a Liability.
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08-01-2012, 02:49 PM	#110
bbq Private First Class 33 Rep 119 Posts Drives: 328xi Join Date: Aug 2005 Location: Somewhere out there iTrader: (0)	Nice car of course. Buying a nice car is a bad decision, but buying a nice house right out of school is even worst. At least with the car you can't really lose much money on it. In the worse case you can just drive it down to the dealer and get rid of it. You may still owe the bank a few Gs but nothing that will really kill you financially. Buying a nice house when you are just fresh out of school is just stupid. I dont care where you work and how much you earn, unless your father's last name is Bush I don't think you can guarantee your job will still be there in a few years. Saving up the money for a smaller house, or save a bit longer for a nicer one. At least work for a few years to see if you really like the industry/company/city before you commit to a big investment.
	Appreciate 0 Quote