Buy a GTR or a House?

bacalhau16 · 09-13-2011, 11:18 PM

The home inspection was today. Things went mostly as planned and look positive. It was more of a reassurance with what I already knew more then anything. Certainly excited with whats going on, but there is certainly a lot to be done. Buying a car wouldve been easier, lol.

Kingbaby · 09-14-2011, 12:50 AM

but not that rewarding!

congrats!

Waiz · 09-14-2011, 01:45 AM

"But don't buy an eighty-five thousand dollar car, before you buy a house" E-40, Rappers Ball

bacalhau16 · 09-14-2011, 10:08 PM

Apparently I need to listen to more E-40. he knows whats up.

Vapiano · 09-14-2011, 10:29 PM

[QUOTE=ZCarMan;1307723 My rule of thumb, "If it isn't bringing cash flow in, it's sending cash out". Couple of books worth looking at, "Rich Dad, Poor Dad" and "The Millionaire Next Door".[/QUOTE]

I have read both of these books and highly recommend both, Rich Dad, Poor Dad is a little outdated, his philosophy of buying houses in this economy only works for the filthy rich. Robert's rule of thinking regarding the Four Quadrants still makes total sense. Living like the The Millionaire Next Door is the only way to go nowadays.

birdmanx1 · 09-14-2011, 10:43 PM

Quote:

Originally Posted by Vapiano

I have read both of these books and highly recommend both, Rich Dad, Poor Dad is a little outdated, his philosophy of buying houses in this economy only works for the filthy rich. Robert's rule of thinking regarding the Four Quadrants still makes total sense. Living like the The Millionaire Next Door is the only way to go nowadays.

My old professor of Finance used to swear by those books!

b1adesofcha0s · 09-14-2011, 11:03 PM

Quote:

Originally Posted by birdmanx1

My old professor of Finance used to swear by those books!

Guess I should probably check them out. Reading is so old school though, I'm too young for that stuff. Need it turned into a movie, or better yet a reality TV show on MTV.

birdmanx1 · 09-14-2011, 11:10 PM

Quote:

Originally Posted by b1adesofcha0s

Guess I should probably check them out. Reading is so old school though, I'm too young for that stuff. Need it turned into a movie, or better yet a reality TV show on MTV.

some like Jersey Shore right, GTL beotch!

Vapiano · 09-14-2011, 11:15 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, 11:53 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.

ImportConvert · 09-15-2011, 07:05 AM

Quote:

Originally Posted by bacalhau16

Kinda a weird question, but thats where Im at. I got a pretty good job, but have only been there for about 3 months and its going well. Im not in love with it, but pay is good, sooo.....
The house is a foreclosure with a few unknowns. But its dirt cheap at $126k. Pretty large, 4 bedroom, 2.5 bath that needs a little cosmetic work. Some new flooring and paint and things of that nature.
So, I love cars and have always wanted that serious premier sports car, but realize that at my age, 27, perhaps I should be thinking of the future. But man the present is too fun to think far ahead.
So, what would you do?

Honestly, if I had known the US would **** the bed so hard on our credit-rating, I would have bought a house instead of a Z06. I love my Z06, and knowing what I knew then, I would have done exactly what I did again. However, knowing what I know now, house.

Just my .02 while I am in my more rational frame of mind

Isamu · 09-15-2011, 09:38 AM

just bought our house.. and while it's inflated for HERE, it will increase in value as the market here is only growing... was a wise move for my wife and I

plus, if I ever get orders out of here I could sell for profit, or rent to another military family

birdmanx1 · 09-15-2011, 10:20 AM

Quote:

Originally Posted by b1adesofcha0s

Hellz yeah bitchez!

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

You are too much with that gif. That was fun!

Quote:

Originally Posted by Isamu

just bought our house.. and while it's inflated for HERE, it will increase in value as the market here is only growing... was a wise move for my wife and I
plus, if I ever get orders out of here I could sell for profit, or rent to another military family

Yeaahhh, I now got a place to crash in ND right, right right? Congrats once again on your purchase man, it looks great with all the specs you gave

b1adesofcha0s · 09-15-2011, 10:30 AM

Can't stop laughing everytime I look at it

Isamu · 09-15-2011, 01:17 PM

Quote:

Originally Posted by birdmanx1

Yeaahhh, I now got a place to crash in ND right, right right? Congrats once again on your purchase man, it looks great with all the specs you gave

of course bro!

09-14-2011, 10:29 PM	#80 (permalink)
Vapiano Enthusiast Member Join Date: Jun 2011 Location: East Coast Posts: 471 Drives: Under PSI Rep Power: 14	[QUOTE=ZCarMan;1307723 My rule of thumb, "If it isn't bringing cash flow in, it's sending cash out". Couple of books worth looking at, "Rich Dad, Poor Dad" and "The Millionaire Next Door".[/QUOTE] I have read both of these books and highly recommend both, Rich Dad, Poor Dad is a little outdated, his philosophy of buying houses in this economy only works for the filthy rich. Robert's rule of thinking regarding the Four Quadrants still makes total sense. Living like the The Millionaire Next Door is the only way to go nowadays. __________________ GT-R Premium Edition TiMidpipeFront/Rear CameraLI QuadSTiR+Rear Emblem De-badgeFull Clear BraCarbon Fiber Rear Spoiler & Naca Ducts 370Z NISMO Z34 11 0032 Pearl White -SOLD!!*

09-15-2011, 10:30 AM	#89 (permalink)
b1adesofcha0s A True Z Fanatic Join Date: Jan 2011 Location: MD Posts: 40,963 Drives: HypeTrain Choo Choo! Rep Power: 141	Can't stop laughing everytime I look at it __________________ Project: b1adeZmobile (2009 370Z) \| Uprev Tune by AAM Competition \| Berk Exhaust Project: b1adeZmobile 2.0 (2014 C7 Z51) \| Corsa Xtreme Exhaust

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09-13-2011, 11:18 PM	#76 (permalink)
bacalhau16 Base Member Join Date: Jun 2011 Location: palm coast Posts: 108 Drives: 2013 nissan 370z Rep Power: 14	The home inspection was today. Things went mostly as planned and look positive. It was more of a reassurance with what I already knew more then anything. Certainly excited with whats going on, but there is certainly a lot to be done. Buying a car wouldve been easier, lol.

09-14-2011, 01:45 AM	#78 (permalink)
Waiz A True Z Fanatic Join Date: Apr 2010 Location: SoCal Posts: 9,262 Drives: Z33 & GE8 Rep Power: 459	"But don't buy an eighty-five thousand dollar car, before you buy a house" E-40, Rappers Ball

09-14-2011, 10:08 PM	#79 (permalink)
bacalhau16 Base Member Join Date: Jun 2011 Location: palm coast Posts: 108 Drives: 2013 nissan 370z Rep Power: 14	Apparently I need to listen to more E-40. he knows whats up.