Quote:
Originally Posted by alcheng
I know the value of houses in the US in these couple years has been dropping like crazy, but it is always good to be able to afford a house.
A house will keep its value, the market might goes up & down a bit, but eventually its value is still there. By contrast, a regular production car will only lose its value.
A bank will lend you loan if you have a house, but they won't lend you anything even if you have a Ferrari.
It might sounds like a burden to your shoulders, but it is a very good asset.
Personally, I respect you made a wise choice of buying a house.
cheers!!
|
I bought a Z06 instead of a house. Since I plan on moving in less than a year, I think it was a good choice for sure. Offloading the Z06 and getting a 370Z as soon as the new 2012's arrive the way I want them here in the US.
Yes, the bank will extend me a loan even without a house, apparently.