Buy a GTR or a House?

birdmanx1

Increase value when? In 15 years?

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370Ztune

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

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birdmanx1

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

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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.

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b1adesofcha0s

Hellz yeah bitchez!

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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.

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Isamu

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...

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birdmanx1

Tim, the market in North Dakota is very different to let's say FL, NV, OH. Home prices are actually going up in your state with the heavy presence of oil companies and defense industries buying up huge lots of land. I do agree that in some areas pricing went up, DC is one of those examples because of the Federal Gov. I looked into buying rental properties early in the year but held off due to the issues with renters (wrecking your home, leaving you with repairs for the next one, bad tenants, low return due to declining home pricing). Please don't get me wrong, a house is a much better investment than a car but if one at at the early stages of his/her career (where you might be expected to move around) buys a house thinking that it will return big in a few months, then that person will be up for some nasty surprise. We are no longer in the 90s & early 2000s where you were guaranteed major returns once you bought your house

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Isamu

I know, but I just don't want the kid to think that he won't see any return...and it's not always a matter of stages of ones career, I could be shipped off at any time. but again, I have a wife... so it makes the descion easier for me.
and again, you are very correct. the market is very geo-centric... as for my area... you forgot the flood that took 1000s of homes forcing our market to skyrocket.... FFFUUUU mother nature!

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birdmanx1

HAHAHA you are right broski, there are some great deals far and in between. D*mn flood, I'm glad you were not in the direct path from the pics you sent pfeeeeeeeeww AZ was hit haaaaaaaaaard with this market, some great deals to be had though for those with an extended horizon!

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Isamu

dude, we are looking at a few places.. upwards of 250k which SHOULD be more like 200... ffff minot.

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