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-   -   Buy a GTR or a House? (http://www.the370z.com/lounge-off-topic/42465-buy-gtr-house.html)

bacalhau16 09-13-2011 10:18 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 09-13-2011 11:50 PM

but not that rewarding!


congrats!

Waiz 09-14-2011 12:45 AM

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

:icon17:

bacalhau16 09-14-2011 09:08 PM

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

Vapiano 09-14-2011 09:29 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I have read both of these books and highly recommend both, Rich Dad, Poor Dad is a little outdated, his philosophy of buying houses in this economy only works for the filthy rich.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 09:43 PM

Quote:

Originally Posted by Vapiano (Post 1313749)
I have read both of these books and highly recommend both, Rich Dad, Poor Dad is a little outdated, his philosophy of buying houses in this economy only works for the filthy rich.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 10:03 PM

Quote:

Originally Posted by birdmanx1 (Post 1313761)
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. :roflpuke2: :bowrofl: :rofl2:

birdmanx1 09-14-2011 10:10 PM

Quote:

Originally Posted by b1adesofcha0s (Post 1313800)
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. :roflpuke2: :bowrofl: :rofl2:

:roflpuke2::bowrofl: some like Jersey Shore right, GTL beotch! :icon17:

Vapiano 09-14-2011 10:15 PM

Quote:

Originally Posted by 370Ztune (Post 1309160)
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 10:53 PM

Quote:

Originally Posted by birdmanx1 (Post 1313810)
:roflpuke2::bowrofl: some like Jersey Shore right, GTL beotch! :icon17:

Hellz yeah bitchez! :rock:

Hmm we seem to be lacking a fist pumping smiley.......this will have to do for now :roflpuke2:

http://www.mtv.com/onair/jersey_shor...istpump-hi.gif

Quote:

Originally Posted by Vapiano (Post 1313817)
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 06:05 AM

Quote:

Originally Posted by bacalhau16 (Post 1307247)
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 :tup:

Isamu 09-15-2011 08:38 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 09:20 AM

Quote:

Originally Posted by b1adesofcha0s (Post 1313880)
Hellz yeah bitchez! :rock:

Hmm we seem to be lacking a fist pumping smiley.......this will have to do for now :roflpuke2:

http://www.mtv.com/onair/jersey_shor...istpump-hi.gif

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

Quote:

Originally Posted by Isamu (Post 1314094)
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 :tup:

b1adesofcha0s 09-15-2011 09:30 AM

Can't stop laughing everytime I look at it :rofl2:

Isamu 09-15-2011 12:17 PM

Quote:

Originally Posted by birdmanx1 (Post 1314140)
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 :tup:

of course bro! :tup:


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