[SirHoward]

Originally Posted by RicheyBMW

Choose what makes you happy.

And that's one of the problem, we buy on emotion, and not wisdom.

[dd243372]

Car...I spend most of time at work anyway..

[Simple5]

House. Its not what you drive. Its what you park it in.

[Sara]

House.

[Dark_Knight_335]

Better to be house rich than hood rich. But again it seems you're young and got some living to do. John seems to have the best advice so far.

[obert]

Buy a house, now is the best time to buy a house. Super low prices and interest rates.

[kevinbahnz]

I would buy a house first then a nice car. The reason why I got the bimmer first is because it's not that big of a deal especially a 3 series. Anyone one can afford a 3 series nowadays with good credit and low financing. When I buy a house with a garage thats when I'll be thinking about the porsche.

[TheTal0n]

you dont need a dream house, just buy a 2-3 bedroom one and have some clean friends pay most of the rent! and then buy a nice car

[BQTuning]

Transportation should be the first imortant investment establish before getting a house.

You need a reliable car to be able to make it to work so you can pay your mortgage. You also need a reliable car for most high income jobs.

with out car - no good paying job
with out car - cant pay bills and then next you know your in foreclosure.

I decided to invest in a second car over getting a house. Why ? My wife and I commute to work together to "save on gas"

If one vehicle breaks down we have another to fall on until the other is prepared.

[luckydawg003]

I voted nice car because most of the younger twenty somethings probably still live at home with mommy and daddy. So they can just spend all their money on a nice car. It always sucks having a really nice car in a crappy apartment or condo because you are worried about your neighbors hitting it and putting in door dings. Plus the car is outside all the time and can get broken into.

Buying a home isn't always good. I bought a condo in 06 when the market was high and I'm now about $100k underwater. But because I'm good with money and saving I was able to buy a house in 2012 and rent my condo to pay that mortgage payment for me. I can't wait for the economy to bounce back. So I have a nice house, nice condo, and two paid off nice cars all with my own money. No help from parents.

[gds52]

It's a personal choice.
In US there is not much appreciation of a house price.
In fact the prices have gone down as everyone knows.

I would prefer a car, house will come very late when I'm sure where i want to settle forever or for longer time !!!

Buying houses when you can't back it up, got us in this trouble !!!

[cmyk]

Buying a house doesn't make sense for everyone. We rent a nice house in a nice neighborhood because there is a good possibility that we will need to move out of state for my husband's job in the next couple of years. If we end up staying here, we will likely buy the house we are currently renting, which works out great because we already know there are no major issues with it (since we've lived here for over a year already). We thought about buying a couple years ago, and I'm glad we didn't because we would have been screwed/underwater if we'd gone ahead with the house we thought about purchasing at the time.

We live in a fairly affluent (upper middle class) part of Dallas that borders an even more affluent neighborhood, and it's interesting to see the number of absolute beater cars in the driveways of some of the multi-million-dollar homes nearby. About 50% of the neighbors drive Porsches, Audis, Maseratis, BMWs and Mercs, and the other 50% drive 15 year-old Hondas that look like the doors are about to fall off. Different priorities, I guess, although no doubt some of them are struggling against foreclosure in this market/economy.

[Otruba_843]

House, not even a question. Buying a car is the worst investment you could make, right next to a boat in my mind even though i love boats.

[GChase]

Originally Posted by Otruba_843

House, not even a question. Buying a car is the worst investment you could make, right next to a boat in my mind even though i love boats.

I should have put boat in the poll for fun. Who needs a house or car

[ken1137]

Originally Posted by GChase

It's better than the 1 post wonders asking strangers to make a car decision for them...

I dont think so

BTW...house...equity is better than a depreciating car. Although, down the street in my village (yes, they call them villages) there is a 2010 750i parked at an apartment complex

[Sam335ix]

it all depends of the market, type of the house and your income and assets.... If you make 300k plus and live in a city that has a strong housing market lol... sorry I meant to say that housing market is on a rebound and you make enough money to buy a nice home with a good size down payment and can afford a nice car then do both... Home, if bought smartly and lived in for the next 10 years plus is a better investment than it is a car could ever be. You can buy an accura and have it last forever etc... It all depends on how strong your finance are.

[Bob Shiftright]

Originally Posted by GChase

Would you rather drive a junker and have a nice home that you own, or drive your Bimmer and live in a not so nice apartment?

Neither.

Save your money. Then pay cash for both.

[Otruba_843]

Originally Posted by GChase

I should have put boat in the poll for fun. Who needs a house or car

Hell, i would live on an 82 foot Viking before buying a house, thats how much i love boats. Hopefully Everything goes right when i get out of college with a business degree then i can have all 3. I will say this B-break O-out A-another T-thousand and dont forget to double anything for the how much you think it cost What about a helicopter or plane and dont forget the submarine. Hot women are the worst investment there has to be on this earth

Maybe all 5 would count as this, house,boat, helicopter, submarine and probably has a car on it This thread is getting good now

[BMWcoupe335ii]

FIRST let me say something, THEY ARE GOING TO FUCK THE SHIT OUTA YOU WHEN YOU BUY A HOUSE!! okay..... Got that outa my system. I would pick a house no doubt I currently own my condo and 11' 335i right now so I'm just saving to buy a house (hopefully in 3 years, I plan to pay in full). I never understood people who buy BMW's for status and they live in a shity place, I'd rather have a nice house and walk everywhere than a BMW 3 series (that they didn't buy new, or for it's driving experience) and a busted ass apartment....

[whilechukwuzout]

I rent a townhouse on Santana Row and I dont regret a dime of it. No maintenance, no liability, no poolboy for my wife to screw, no gardeners, no AC to replace... we dont even have to pay to have our carpets cleaned.

People look at their house as equity but its really not. Sure, you have a home worth a million dollars. You dont HAVE a million dollars. If you sell your house; THEN you have a million dollars.... and nowhere to live. And at my current rate, I would have to live at my place for 1000 months to equal a decent (starter) home in the bay area. For those of us playing the home game: thats 83 years! And thats before you get into maintenance and property tax.

Everyone I know under 40 who has bought a house here and isnt a millionaire regrets it fiercely. I know its different in other parts of the country but here it seems like a no-brainer.

[Bimmerlover76]

Should I take a sh** before my run or after?

[ctuna]

Its pretty hard to keep a nice car nice.
It also should not be in the ghetto .
A lot of the guys I know that are really rich drive beaters.
A lot only buy a nice car when it becomes and insignificant part of there assets.