I believe its a guy thing.
I don't. I'm a woman and I can relate to wanting an exquisite car. Actually, I can relate to collectors, too. It just so happens that
most of my so-called "dream" cars aren't as pricey.
😛
I said the car, but it all depends on the situation. If you lived in a nice apartment, and moving into an equally nice house would cost you more than you can afford, why not go for the car? Then you could save up for the house.
You've got it backwards, toots.
As others above have noted, with a house, the mortgage payments you're making aren't essentially being thrown away (versus if you're renting, that money is just being flushed away). Not to mention the tax benefits (more potential money saved), not to mention, you can rent out the other rooms in your house which could even not only make up for the mortgage you'd pay, but could be more than that meaning you'd actually profit (thereby allowing you to put more money away as savings).
No matter how you look at it; if you're ultimate goal is to end up as a homeowner and car owner, regardless of the home or the car, it makes no sense to give up the opportunity for a house for a car.
I mean, seriously, short of that fan-shaped island in Dubai, we're not getting more land. Land = wealth. I'd say 90% homes will only appreciate in value and maybe 1% of cars can do that and not nearly at the same rate (meaning, a house and property's value can increase each year whereas even the rarest vehicles will likely take at least five- ten years to "appreciate" into true collector status).
