Buy a GTR or a House?

tjlazer · 09-11-2011, 01:00 PM

Quote:

Originally Posted by bacalhau16

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?

A house is the smart answer. You already have a 370Z so it's not like you don't have a nice car, and you don't own a house so get the house.

Maybe later on you can get a used 2009 GT-R for cheap. An $80,000+ GT-R is just not worth it unless you are filthy rich. And if you can get a house for a little more than the car, the house is a much better choice. And like it was pointed out you could sell the house a lot easier without losing a lot of money than a used GT-R. And hopefully make a profit when the housing market bounces back up (lets just hope it does and fast...)

ZCarMan · 09-11-2011, 06:52 PM

Quote:

Originally Posted by tjlazer

when the housing market bounces back up (lets just hope it does and fast...)

Don't hold your breath, it ain't coming back for a long while.

birdmanx1 · 09-11-2011, 07:03 PM

Quote:

Originally Posted by ZCarMan

Don't hold your breath, it ain't coming back for a long while.

I second that thought Jon. I always laugh when I hear that things are getting better soon. There are huge inventories of distressed properties that have yet to be processed and to be added to the market (further reducing housing pricing, no one is buying because of job crisis). Those properties combined with the robo-signing issues of the largest lenders plus other government actions will hinder prompt recovery...cheers! this is the new normal for a long time

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