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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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and when I was in Arizona.. the market was vastly superior.. it was a buyers market yes, but people were still seeing better then average returns! I wish I had purchased when I was in Tucson... :sadface: |
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I was recently went through a similar decision except with the 370z or house. I'm a few months out of college. I have a job that pays ok, but not what I want to do long term. Also married though, and my wife makes a decent amount more than me and is on a long-term career path with her company.
I skimmed the thread and I think I saw you live with your parents. First thing I think of is picking up a chick with the GTR and trying to take her back to mommy and daddy's house. I don't see that ending well. So that's out as an option. IMO As far as house or save up money, in general, I think it depends on rent prices. We bought a house at 4.25% interest, but everything combined mortgage insurance, prop tax, house insurance, loan, it all comes out to $75 a month more than what we were paying in rent for a two bedroom one bath apartment. We bought what most people consider a starter home: 1600 sqft, 4 bed, 2 bath. We plan on living in it until retirement though. We don't have a very good emergency fund saved, but with the costs of renting and owning being similar, we felt that it made sense to buy at this time. I guess all that to say that I think buying a house can still make sense in this environment. Also the Fed is going to keep interest rates low for the next 2 years, and obviously the inventory is huge, so I don't think there is any rush. Buy if you have a long-term plan and can visualize how owning a home will help meet your certain long-term life goals. |
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I must admit, taking a girl back to my parents house is pretty much out of the question, but Ive gotten lucky with just going to their place or lifeguard chairs at beachs which is always fun on a nice summer night.
I have the house inspection scheduled for tomorrow and meeting with the mortgage broker right after that. This house is also a 4 bedroom 2.5 bath, so I guess where I live its a 2400 sq foot starter home as well, lol. |
I also was referred to as "kid" at some point in this convo. I dont really care or am offended at all, but not a kid by any means. Im the general manager of a restaurant doing approx $50k a week in sales, nothing crazy, but not a small restaurant either. I first started general managing a restaurant when I was 21, and moved out of my house about the same time on my own. I just really love cars. A lot. And deciding between a GTR or a house, is a serious debate of sorts to me. I know what the correct answer should and will be, as I am already purchasing the house, but it still doesnt mean I dont look at GTRs for sale on cars.com and autotrader everyday.
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