Buy a GTR or a House?

Isamu · 09-11-2011, 09:56 PM

Quote:

Originally Posted by bacalhau16

I can already foresee some of the questions coming, so here is what I meant buy "saving" money while owning the GTR.

370Z payment = $635/month
mortgage pay = $1050/month
plus all other bills, cable, electric, oil, water etc. We will call it $400/month

or
GTR payment = $1100/month

So, in reality, I would save about $1000 a month and own a GTR.

(Yes, Im playing devils advocate and having fun with this discussion. Go with it.)

yea, BUT, you lose money the moment the GTR leaves the lot, you gain equity with the house, plus a place to live... GTR = 1100 + paying for rent...
you know what you want to do... whats the most practical thing... to do. well buy 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.

Rui Z · 09-12-2011, 12:43 PM

Nissan GT-R vs The World

GET IT!

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.

Cmike2780 · 09-12-2011, 01:22 PM

Tough call OP, but I would go for the house & be satisfied with the Z. Then again, it will likely take you longer to pay off the house than a GT-R. Home ownership has its expenses also along with taxes and utilies. There's a reason why a lot of home owners have a sports car in their driveway. One of which has do with a large chunk your paycheck going into house repairs, maintenance, upgrades etc.

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...

Cmike2780 · 09-12-2011, 01:50 PM

Quote:

Originally Posted by 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...

Tell that to the people who bought a house in Vegas, Arizona, Florida etc... It varies by location obviously, but for the most part, in weaker markets, it might not be another 15 years before the market value rebounds. The supply as of now, far exceeds the demand, hence the increasing amount of people "underwater" with their house. Just as an example, my uncle bought a brand new house in Jacksonville, FL about 3 years ago for about $250k. Really nice house and far larger than anything you could find in NY for the same price. It's valued at around $180k now. He's pretty much stuck there now unless he takes a huge loss. Scary thought should the unexpected happen like a layoff.

09-12-2011, 12:09 PM	#51 (permalink)
ZeeingAround A True Z Fanatic Join Date: Dec 2010 Location: Michigan Posts: 6,365 Drives: 3500 NVP 370Z-sold! Rep Power: 86623	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	#52 (permalink)
tjlazer A True Z Fanatic Join Date: Dec 2009 Location: Tacoma Age: 52 Posts: 2,496 Drives: Z34, R35 Rep Power: 19	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	#53 (permalink)
370Ztune The370Z.com Sponsor Join Date: Jan 2009 Location: Los Angeles, CA Posts: 2,477 Drives: Z34 370Z Rep Power: 46	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

09-12-2011, 12:43 PM	#54 (permalink)
Rui Z Track Member Join Date: Feb 2010 Location: (.)(.) Posts: 931 Drives: 8====D Rep Power: 16	Nissan GT-R vs The World GET IT! __________________

09-12-2011, 01:22 PM	#58 (permalink)
Cmike2780 A True Z Fanatic Join Date: Jun 2010 Location: Long Island Posts: 5,059 Drives: slowwww Rep Power: 28	Tough call OP, but I would go for the house & be satisfied with the Z. Then again, it will likely take you longer to pay off the house than a GT-R. Home ownership has its expenses also along with taxes and utilies. There's a reason why a lot of home owners have a sports car in their driveway. One of which has do with a large chunk your paycheck going into house repairs, maintenance, upgrades etc. __________________ [09][MB][6-Spd MT][Touring][Stillen Gen III][K&N][Borla CBE][Evo-R] [ArchitTEK Photography]

09-11-2011, 09:58 PM	#48 (permalink)
bacalhau16 Base Member Join Date: Jun 2011 Location: palm coast Posts: 108 Drives: 2013 nissan 370z Rep Power: 13	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	#49 (permalink)
bacalhau16 Base Member Join Date: Jun 2011 Location: palm coast Posts: 108 Drives: 2013 nissan 370z Rep Power: 13	My rent is $0 right now, just to be clear.

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
House MD	Isamu	Movies / Celebrity Gossip / Entertainment / Music	28	11-14-2011 10:48 PM
CarbonSignal in the house.	CarbonSignal	New Forum Member	34	01-26-2011 09:43 AM
scrap n da house	scrap	New Forum Member	53	05-31-2010 03:22 PM
AZ in the house...	Slidefox	New Forum Member	12	07-21-2009 12:06 AM
IPP in the house!!!	Kyle(Houston)	Importpartspro	0	02-18-2009 05:55 PM