Buy a GTR or a House?

bacalhau16 · 09-11-2011, 09:27 PM

so you vote GTR then?

birdmanx1 · 09-11-2011, 09:41 PM

Quote:

Originally Posted by bacalhau16

so you vote GTR then?

He's voting no GTR/no house.

BTW sorry man but your utility bills won't be $400, you are computing it really bad. Cable, Electricity, (HOA), Homeowner Insurance + expenses related to owning a house (lawnmower, tools, you get the drift) ... Depending on how insulated the house is, your utility bill could well be the $400 you planned for all other bills. I feel I must advise you to thoroughly cover everything that will come with your purchase of a foreclosed home (mold, repairs, electric work, foundation work, carpet...) so you don't have a surprise the minute you close on the house.

Isamu · 09-11-2011, 09:57 PM

a forclosed home could be a blessing in disguise, or it could be the bane of your existance...

bacalhau16 · 09-11-2011, 09:58 PM

The mortgage price of $1100 includes PMI and taxes and such. I realize that $400 is low, but this isnt a overly serious discussion, so Im not getting that technical about it. I have lived on my own in some pretty nice apartments and do realize the costs of living out and having something of your own. Certain things certainly do add up. Trips to Walmart or Target were always $100-$125 even if it was only to pick up a few things.
Perhaps Ive been lucky, but the most Ive ever paid a month for electricity has been like $125. And my last place had central air and electric appliances

bacalhau16 · 09-11-2011, 09:59 PM

My rent is $0 right now, just to be clear.

Isamu · 09-11-2011, 11:43 PM

Quote:

Originally Posted by bacalhau16

My rent is $0 right now, just to be clear.

ahh living at home with mommy and daddy..

and damn, wtf you guys live.. its only like between 40-100$ all year for electricity

ZeeingAround · 09-12-2011, 12:09 PM

House.

tjlazer · 09-12-2011, 12:30 PM

trust me op, I want a GT-R really bad too and have tried to justify getting one but there is no way I can do it, as I have a mortgage and expenses right now, but even so, I am not so sure it is worth the $1,100+ a month for one. I am paying $580 a month for my 370Z and that is about my limit on a car payment.

370Ztune · 09-12-2011, 12:36 PM

Get the house.

If you like your Z, just stick with it. You will be much more satisfied with an asset that will increase in value (a house) and a car that is much more "engaging" to drive (that's also cheaper) than an expensive car that keeps depreciating and a large payment each month.

In addition, the costs of maintaining a GT-R are very high. Tires are $500/each and they're ultra soft compound so you'll burn through them quickly. The same goes for the brakes; even the cheapest, good quality aftermarket pads are $350 just for the front pads. These costs don't count the special engine oil that the car requires, which is not cheap and the $700 trans oil changes.

birdmanx1 · 09-12-2011, 12:44 PM

Quote:

Originally Posted by 370Ztune

Get the house. If you like your Z, just stick with it. You will be much more satisfied with an asset that will increase in value (a house).

Increase value when? In 15 years?

370Ztune · 09-12-2011, 12:46 PM

Quote:

Originally Posted by birdmanx1

Increase value when? In 15 years?

Hey it's better than a car that will probably never increase much in value.

birdmanx1 · 09-12-2011, 12:51 PM

Quote:

Originally Posted by 370Ztune

Hey it's better than a car that will probably never increase much in value.

I never said he would be better off with a car either.

Vapiano · 09-14-2011, 10:15 PM

Quote:

Originally Posted by 370Ztune

Hey it's better than a car that will probably never increase much in value.

Planning, planning, planning, buying a home is a tough decision, you really need to nail down why you want to buy. My wife and I bought because we were tired of throwing away money renting with no return on our investment. We lived in separate apartments while dating and it made since to purchase some bricks. Buying a house gave us a place to call home to build lifelong memories and a place to retire.

It pays to buy as much home as you can possibly afford the first time out and that this home could be your retirement home as well. We are living in precarious financial times, the last thing you want is to be nearing retirement with 15-20 years left on your mortgage and your only income is your retirement plan. Decisions, decisions, decisions. Things could get better and they may not, but if you plan ahead you will be fine not matter what the decision.

b1adesofcha0s · 09-14-2011, 10:53 PM

Quote:

Originally Posted by birdmanx1

some like Jersey Shore right, GTL beotch!

Hellz yeah bitchez!

Hmm we seem to be lacking a fist pumping smiley.......this will have to do for now

Quote:

Originally Posted by Vapiano

Planning, planning, planning, buying a home is a tough decision, you really need to nail down why you want to buy. My wife and I bought because we were tired of throwing away money renting with no return on our investment. We lived in separate apartments while dating and it made since to purchase some bricks. Buying a house gave us a place to call home to build lifelong memories and a place to retire.

It pays to buy as much home as you can possibly afford the first time out and that this home could be your retirement home as well. We are living in precarious financial times, the last thing you want is to be nearing retirement with 15-20 years left on your mortgage and your only income is your retirement plan. Decisions, decisions, decisions. Things could get better and they may not, but if you plan ahead you will be fine not matter what the decision.

Exactly why my parents want to buy a house so much. They've been renting apartments for like 20 years now and want to finally get a house that we can own.

Isamu · 09-12-2011, 01:33 PM

Quote:

Originally Posted by birdmanx1

Increase value when? In 15 years?

actually, houses can gain value in as little as 1 year... very rarely will a house decrease in value.

Infact, like somewhere here in Minot, houses are going up dramatically..
My wife and I are looking for a house right now.. and even in some of the less then desirable areas... the houses which cost 50-100k 10 years ago, are now going for 150-200k..

There is a sub-division that just went up last year, homes sold for 200-250, and are now selling from 250-300k...

09-12-2011, 12:09 PM	#7 (permalink)
ZeeingAround A True Z Fanatic Join Date: Dec 2010 Location: Michigan Posts: 6,365 Drives: 3500 NVP 370Z-sold! Rep Power: 86624	House. __________________ Get some roosters for eggs and Bulls for milk . Then you will see that gender matters. Especially at milking time.

09-12-2011, 12:30 PM	#8 (permalink)
tjlazer A True Z Fanatic Join Date: Dec 2009 Location: Tacoma Age: 53 Posts: 2,496 Drives: Z34, R35 Rep Power: 20	trust me op, I want a GT-R really bad too and have tried to justify getting one but there is no way I can do it, as I have a mortgage and expenses right now, but even so, I am not so sure it is worth the $1,100+ a month for one. I am paying $580 a month for my 370Z and that is about my limit on a car payment. __________________ 2009 370Z Monterey Blue,Nismo Conversion,RE-11's, K&N Typhoon intakes,Blue Kickplates,Homelink,FI 18" CBE,ERZ HFCs,Hotchkis sways, Swift Spec-R, EVO-R Highwing, UPREV

09-12-2011, 12:36 PM	#9 (permalink)
370Ztune The370Z.com Sponsor Join Date: Jan 2009 Location: Los Angeles, CA Posts: 2,477 Drives: Z34 370Z Rep Power: 47	Get the house. If you like your Z, just stick with it. You will be much more satisfied with an asset that will increase in value (a house) and a car that is much more "engaging" to drive (that's also cheaper) than an expensive car that keeps depreciating and a large payment each month. In addition, the costs of maintaining a GT-R are very high. Tires are $500/each and they're ultra soft compound so you'll burn through them quickly. The same goes for the brakes; even the cheapest, good quality aftermarket pads are $350 just for the front pads. These costs don't count the special engine oil that the car requires, which is not cheap and the $700 trans oil changes. __________________ The Real JDM Facebook Bulletproof Instagram

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09-11-2011, 09:27 PM	#1 (permalink)
bacalhau16 Base Member Join Date: Jun 2011 Location: palm coast Posts: 108 Drives: 2013 nissan 370z Rep Power: 14	so you vote GTR then?

09-11-2011, 09:58 PM	#4 (permalink)
bacalhau16 Base Member Join Date: Jun 2011 Location: palm coast Posts: 108 Drives: 2013 nissan 370z Rep Power: 14	The mortgage price of $1100 includes PMI and taxes and such. I realize that $400 is low, but this isnt a overly serious discussion, so Im not getting that technical about it. I have lived on my own in some pretty nice apartments and do realize the costs of living out and having something of your own. Certain things certainly do add up. Trips to Walmart or Target were always $100-$125 even if it was only to pick up a few things. Perhaps Ive been lucky, but the most Ive ever paid a month for electricity has been like $125. And my last place had central air and electric appliances

09-11-2011, 09:59 PM	#5 (permalink)
bacalhau16 Base Member Join Date: Jun 2011 Location: palm coast Posts: 108 Drives: 2013 nissan 370z Rep Power: 14	My rent is $0 right now, just to be clear.