House or Dream Car?

[Cindynjgirl79]

Well, in a dream you can have anything you wish for so knock yourself out...
I prefer NYC over London myself, but I guess that is just matter of taste. But I give you that London certainly smells better in the summer.

and london much safer, better men, great music scene, drinking in the streets, so much cleaner than nyc any season and only half hour flight to amsterdam. just some of the reasons i love that town!

 

[jng]

CAR

Just wanted to be different.

No, but seriously. I don't want to settle down for a while so buying a house would be silly, no? So if I had the money for my dream car right now, I'd take the car.

I think it really depends on your situation. Most people are of course not that mobile, so house would be better choice for them.

 

[Chef Medeski]

If you want a city with an amazing night life, clean, and affordable rates. Its all about Montreal! They were selling some newly created apartments downtown 139k for a 3 and half. Pretty sick price if you ask me! I don't even need all that space and I want. Its hard to find anything in the same locale for that price so....

Plus you get all the benefits of Paris, London, and only 5hrs drive to NY or like 1 hr flight. Only place to be I say!

 

[Dr.Gargoyle]

and london much safer, better men, great music scene, drinking in the streets, so much cleaner than nyc any season and only half hour flight to amsterdam. just some of the reasons i love that town!

In that case I suggest you move to continent directly, everything here is within driving distance. Why live on backwards island in the atlantic sea where they don't know how to drive on the correct side and where the main culinary contribution is fish n chips?
*bracing myself for the attack...*

 

[Koodauw]

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 do agree that investing in a house is a better way to maximize your wealth, however, I look at it from a point of maximizing utility. It all depends on the situation.

For me, a nice apartment, plus a dream car would be better than owning an average house and an average car, regardless of the financial sense it make to own a house.

 

[iBookG4user]

Definitely the house, sure my dream car would be nice (Top of the line Porsche ), but I would much rather have a place to live then something to drive in.

 

[furcalchick]

I do agree that investing in a house is a better way to maximize your wealth, however, I look at it from a point of maximizing utility. It all depends on the situation.

For me, a nice apartment, plus a dream car would be better than owning an average house and an average car, regardless of the financial sense it make to own a house.

there's actually some groups out there that say home ownership isn't and shouldn't be the end-all for everyone. think about it, when paying rent, you're basically taken care of as long as you follow the agreement, no need to do plumbing in case the toilet breaks, etc. and if you don't plan on staying long in an area, renting makes more sense as you can leave rather quickly if needed and you won't be throwing money away to the bank (assuming your regular house payments). some of them actually think that a 100% home ownership rate will be bad news for many groups, particularly the 20 somethings and the elderly.

and renting doesn't just mean living in an apartment complex. it could mean renting a home as well. i'm just putting in some counter arguments that should be at least considered instead of just assuming that homeowners are somehow superior to renters (not accusing any here of that), and there are other ways to invest that are actually safer right now than home-owning.

 

[furcalchick]

Definitely the house, sure my dream car would be nice (Top of the line Porsche ), but I would much rather have a place to live then something to drive in.

you can live in your car, but you can't drive a house.

 

[iBookG4user]

you can live in your car, but you can't drive a house.

Well I have two legs

 

[Cindynjgirl79]

In that case I suggest you move to continent directly, everything here is within driving distance. Why live on backwards island in the atlantic sea where they don't know how to drive on the correct side and where the main culinary contribution is fish n chips?
*bracing myself for the attack...*

sorry i can't attack u! i'm anangolphile, can't do it.hey u don't like the uk it's cool with me. if i had the money i'd be there in secs. love the uk, i like the us. that's it.

oh and i hate nyc as much as i hate rome.ewwwww

 

[cycocelica]

A dream apartment on the Upper West Side of Central Park in NYC. Like that will ever happen, but then again it is a dream house right?

 

[true777]

House, hands down.

 

[Counterfit]

I don't need a house, just a huge garage with a sleeping bag.

But since I absolutely love driving, I have to say car.