My new Z06 is at my house

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PricklyPete

Lifer
Sep 17, 2002
14,582
162
106
First off, the garage is not really the right place to be arguing financial prudence.

Second, to make the assertion that buying a house keeps you locked down career wise is just as bad as saying that the purchase of a house is a good investment. There will be situations where both are correct and situations where both are wrong.

My own anecdotal story is that in the last 7 years I have significantly increased my wealth and a not insignificant portion of that was smart real estate purchases.

My one comment would be that making yourself house poor is almost never a good decision as it locks up way too much of your capital in a single investment.
 

exar333

Diamond Member
Feb 7, 2004
8,518
8
91
First off, the garage is not really the right place to be arguing financial prudence.

Second, to make the assertion that buying a house keeps you locked down career wise is just as bad as saying that the purchase of a house is a good investment. There will be situations where both are correct and situations where both are wrong.

My own anecdotal story is that in the last 7 years I have significantly increased my wealth and a not insignificant portion of that was smart real estate purchases.

My one comment would be that making yourself house poor is almost never a good decision as it locks up way too much of your capital in a single investment.

Haha, this!

OP - Burnout video?
 

Aharami

Lifer
Aug 31, 2001
21,205
165
106
I should mention that this is what my driveway looks like these days:

driveway.jpg

sweet cars! very stealth-like. GPS is enabled on your pic, btw. Might want to change that :)
 

Aharami

Lifer
Aug 31, 2001
21,205
165
106
Home ownership is overrated. Having the flexibility to move and advance my career has been far value than having an anchor. Unless you live in an area with quickly appreciating homes, then it can take 5-8 years to break even.

can't say i disagree. but we're going off topic here