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BMW 3-Series (E90 E92) Forum
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Nice Car or Nice House?
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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 |
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07-29-2012, 07:26 PM | #27 |
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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.
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07-29-2012, 07:39 PM | #29 |
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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.
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07-29-2012, 07:58 PM | #31 |
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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. |
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07-29-2012, 08:00 PM | #32 |
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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. |
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07-29-2012, 08:07 PM | #33 |
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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 !!! |
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07-29-2012, 09:03 PM | #34 |
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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.
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07-29-2012, 10:38 PM | #36 | |
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07-29-2012, 10:53 PM | #37 | |
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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
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07-29-2012, 11:03 PM | #38 |
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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.
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07-29-2012, 11:11 PM | #39 | |
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Save your money. Then pay cash for both.
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07-29-2012, 11:18 PM | #40 | |
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Maybe all 5 would count as this, house,boat, helicopter, submarine and probably has a car on it This thread is getting good now Last edited by Otruba_843; 07-29-2012 at 11:25 PM.. |
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07-29-2012, 11:30 PM | #41 |
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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....
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07-29-2012, 11:38 PM | #42 |
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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. |
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07-30-2012, 12:27 AM | #44 |
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Without a nice house as in one with a garage and driveway.
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. Last edited by ctuna; 07-30-2012 at 01:52 AM.. |
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