house vs car

[OS]

I recently drove through PV and what caught my attention was despite the fact the average house price in pv is 700K, there aren't that many super expensive cars. Mostly common cars like camrys and accords. Today I drove by a trailer park and I saw a family washing a shiny new eclipse. Kind of interesting to see the disparity in percentage allocation of money between the two areas.

 

[ggavinmoss]

Originally posted by: OS
I recently drove through PV and what caught my attention was despite the fact the average house price in pv is 700K, there aren't that many super expensive cars. Mostly common cars like camrys and accords. Today I drove by a trailer park and I saw a family washing a shiny new eclipse. Kind of interesting to see the disparity in percentage allocation of money between the two areas.

Some people get it, some people don't...

 

[Joony]

Loaded Camrys and Accords (sedan) are quite luxurious...~26k for a top trim level with leather and naviagion or so.

 

[SammyBoy]

My parent's house is worth about a million bucks. They currently drive a 95 Dodge Ram 1500 with a big ass dent in the side and a 96 honda odyssey van that stinks to high heavens.

About a mile away theres a block of tenements above this Thai restaurant where alot of the asian guys live. I'd say a shiny new eclipse would be worse than average, and the apartments are seriously like 1 room sh!t-holes, except they're in a nice town so they pay like 2x what's reasonable for em. LoL, I always laugh at them picking up Thai food in their supras only to drive 4 spots up the road, park, and go home to eat it in their tenement.

With that said, I want a nice car, you can have my room 😀

 

[Shockwave]

I've noticed a tendancy for "rich" people to forgoe nice cars in leu of a nice house. It isnt until you get to really rich, or rich and house paid for you see the nice cars.
Which leads me to believe cars are not what one should be spending there money on.

 

[OS]

Originally posted by: Shockwave
I've noticed a tendancy for "rich" people to forgoe nice cars in leu of a nice house. It isnt until you get to really rich, or rich and house paid for you see the nice cars.
Which leads me to believe cars are not what one should be spending there money on.

Seriously, I've been thinking about buying a sporty car lately (WRX, celica, etc), but thinking about this, I can't really justify it. I drive an adequate car right now (2000 chevy prizm) and any more money I throw at a car is money that can go somewhere else.

Many of my friends that are my age went out bought some expensive cars when they got out of college (RSX, G35, M3, 325i etc.) and they freely admit they're paying out the butt to keep the car.

 

[AEB]

some people buy crappy cars on purpose. my boss who pulls in 6 figures has an old toyota truck and honda car. he also owns another huge commercial business in the state. he has no kids and no expenses other than mortgage. i bet he is saving for early retirement that could be the 3rd option. but if i had 700k to buy ahouse or car id get the Porsche carrera GT. base is $440,000 it is sweet

 

[LordUnum]

Cars depreciate the moment you drive them off the lot.

Homes tend to appreciate in value in the long-term (more like skyrocket here in SoCal!).

Those people in PV know a car is just a means to get from point A to point B and back. A home is where you'll always spend your days & nights (provided you're not some jet-set international playboy or celebrity and/or your commute doesn't consist solely of uber-gnarly traffic).

Which is the better 'investment?' Those who've worked hard and saved enough to own a home probably realize this well.

All that being said, I'm glad I invested in a convertible. 😉

 

[LongCoolMother]

Originally posted by: LordUnum
Cars depreciate the moment you drive them off the lot.

Homes tend to appreciate in value in the long-term (more like skyrocket here in SoCal!).

Those people in PV know a car is just a means to get from point A to point B and back. A home is where you'll always spend your days & nights (provided you're not some jet-set international playboy or celebrity and/or your commute doesn't consist solely of uber-gnarly traffic).

Which is the better 'investment?' Those who've worked hard and saved enough to own a home probably realize this well.

All that being said, I'm glad I invested in a convertible. 😉

thats true... thats true...

 

[UglyCasanova]

Good lord, I can't even imagine how much home you could get for $700,000 around here. I'll be happy getting an apartment and keeping my geo. 😛

Seriously though, I'm not sure I want a very large house. I just want something comfortable in a nice neighborhood, not some 3 story mansion (although I wouldn't complain if I lived there).

 

[OS]

Originally posted by: UglyCassanova
Good lord, I can't even imagine how much home you could get for $700,000 around here. I'll be happy getting an apartment and keeping my geo. 😛

Seriously though, I'm not sure I want a very large house. I just want something comfortable in a nice neighborhood, not some 3 story mansion (although I wouldn't complain if I lived there).

the 700k houses in PV aren't mansions. They're just nice 4-5 bedroom homes sitting on a lush hill overlooking the ocean.

 

[WhiteKnight77]

You can shower in a house.

 

[cavemanmoron]

Originally posted by: SammyBoy
My parent's house is worth about a million bucks. They currently drive a 95 Dodge Ram 1500 with a big ass dent in the side and a 96 honda odyssey van that stinks to high heavens.

About a mile away theres a block of tenements above this Thai restaurant where alot of the asian guys live. I'd say a shiny new eclipse would be worse than average, and the apartments are seriously like 1 room sh!t-holes, except they're in a nice town so they pay like 2x what's reasonable for em. LoL, I always laugh at them picking up Thai food in their supras only to drive 4 spots up the road, park, and go home to eat it in their tenement.

With that said, I want a nice car, you can have my room 😀

Kool my house is prob. worth $ 60,000
i don't own a "New" car,because i can't afford one,with my mortgage payments,phone bill,roadrunner,etc.

the taxes on your parents home,is prob about what i pay in a year for my mortgage,and taxes!

 

[Acanthus]

My stepfather makes around $125k a year after bonuses working for Walmart (actually sams club but its owned by walmart) in Chicago. He has an Acura 3.0CL coupe, an '01 Expedition, and an '86 Datzun 300zx TT. He drives a POS sunfire to work becuase it gets keyed when people find out which car is his. So things arent always what they seem. Lots of people buy nice cars but only drive them when they are going out etc. and drive a POS to work and around town.

 

[ElFenix]

Originally posted by: LordUnum
Cars depreciate the moment you drive them off the lot.

Homes tend to appreciate in value in the long-term (more like skyrocket here in SoCal!).

Those people in PV know a car is just a means to get from point A to point B and back. A home is where you'll always spend your days & nights (provided you're not some jet-set international playboy or celebrity and/or your commute doesn't consist solely of uber-gnarly traffic).

Which is the better 'investment?' Those who've worked hard and saved enough to own a home probably realize this well.

All that being said, I'm glad I invested in a convertible. 😉

cars generally aren't an investment, just like toothpaste isn't an investment. some classics have been appreciating rapidly recently. but thats rare.

 

[SammyBoy]

Originally posted by: cavemanmoron

Originally posted by: SammyBoy
My parent's house is worth about a million bucks. They currently drive a 95 Dodge Ram 1500 with a big ass dent in the side and a 96 honda odyssey van that stinks to high heavens.

About a mile away theres a block of tenements above this Thai restaurant where alot of the asian guys live. I'd say a shiny new eclipse would be worse than average, and the apartments are seriously like 1 room sh!t-holes, except they're in a nice town so they pay like 2x what's reasonable for em. LoL, I always laugh at them picking up Thai food in their supras only to drive 4 spots up the road, park, and go home to eat it in their tenement.

With that said, I want a nice car, you can have my room 😀

Kool my house is prob. worth $ 60,000
i don't own a "New" car,because i can't afford one,with my mortgage payments,phone bill,roadrunner,etc.

the taxes on your parents home,is prob about what i pay in a year for my mortgage,and taxes!

Yea, prob. I think our mortgage is 4+ grand a month