Buy a GTR or a House?

LONDON2012

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.

Isamu

where do you live that a 4brdm 2 bath is a starter home but I agree buying a house is a good plan

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Spikuh

Best advice right here for anyone. Always, always, always do the math.

And good luck with your new home. Hopefully your market will continue to grow and you can build up some good equity in it.