Buy a GTR or a House?

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...

__________________

黒子 ('Kuroko')
Project: SuperNova Owner/Operator and Lead designer @BlackGuard Aeroworks

birdmanx1

Tim, the market in North Dakota is very different to let's say FL, NV, OH. Home prices are actually going up in your state with the heavy presence of oil companies and defense industries buying up huge lots of land. I do agree that in some areas pricing went up, DC is one of those examples because of the Federal Gov. I looked into buying rental properties early in the year but held off due to the issues with renters (wrecking your home, leaving you with repairs for the next one, bad tenants, low return due to declining home pricing). Please don't get me wrong, a house is a much better investment than a car but if one at at the early stages of his/her career (where you might be expected to move around) buys a house thinking that it will return big in a few months, then that person will be up for some nasty surprise. We are no longer in the 90s & early 2000s where you were guaranteed major returns once you bought your house

__________________
370Z NISMO #0462 | ClearBra | 3M tint | Head/Taillights | Dynamat | Black Roof | Tommy Kaira HB | CF Parts | Berk HFCs | FI SS | NST Pulleys | Takeda aFe | K&N | H&R Spacers | Swift Spec R | SPC F&R | Zuperman M370
Nismo Vid | Nismo Journal | Nismo Rumble

Isamu

I know, but I just don't want the kid to think that he won't see any return...and it's not always a matter of stages of ones career, I could be shipped off at any time. but again, I have a wife... so it makes the descion easier for me.
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!

__________________

黒子 ('Kuroko')
Project: SuperNova Owner/Operator and Lead designer @BlackGuard Aeroworks

birdmanx1

HAHAHA you are right broski, there are some great deals far and in between. D*mn flood, I'm glad you were not in the direct path from the pics you sent pfeeeeeeeeww AZ was hit haaaaaaaaaard with this market, some great deals to be had though for those with an extended horizon!

__________________
370Z NISMO #0462 | ClearBra | 3M tint | Head/Taillights | Dynamat | Black Roof | Tommy Kaira HB | CF Parts | Berk HFCs | FI SS | NST Pulleys | Takeda aFe | K&N | H&R Spacers | Swift Spec R | SPC F&R | Zuperman M370
Nismo Vid | Nismo Journal | Nismo Rumble

Isamu

dude, we are looking at a few places.. upwards of 250k which SHOULD be more like 200... ffff minot.

__________________

黒子 ('Kuroko')
Project: SuperNova Owner/Operator and Lead designer @BlackGuard Aeroworks