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What percentage of 370z owners own a house?

Originally Posted by XenChi *cough-B.S.-cough* Plain and simple a home is a liability until it is finally sold. Purchase assets, and limit your financial exposure to liabilities and you will

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View Poll Results: Do you own a house?
Yes I own a house 185 72.55%
No I rent 38 14.90%
I live with my parents 32 12.55%
Voters: 255. You may not vote on this poll

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Old 06-28-2009, 11:26 AM   #61 (permalink)
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Quote:
Originally Posted by XenChi View Post
*cough-B.S.-cough*

Plain and simple a home is a liability until it is finally sold. Purchase assets, and limit your financial exposure to liabilities and you will achieve wealth. Take your time plan and your moves wisely. When you have saved enough money for a substantial down-payment on a home get a consultation with Goldman Sachs and then decide what's truly best for you. You may be surprised.
Rich dad poor dad?
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Old 06-28-2009, 06:30 PM   #62 (permalink)
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Rich dad poor dad?

Good Reading. It was our first assignment in rudimentary economics. Life altering...... no. But nonetheless very insightful.
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Old 06-28-2009, 06:36 PM   #63 (permalink)
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Originally Posted by antennahead View Post
Well you just go right ahead and rent then..............
If only you knew......
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Old 06-28-2009, 06:41 PM   #64 (permalink)
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Originally Posted by antennahead View Post
Stop, he went to Georgetown University
Is someone upset that my scholastic penis is bigger than his?
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Old 06-28-2009, 06:42 PM   #65 (permalink)
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My rent is probably more than most people's mortgage but I still cant buy. I work for a Department of Defense contractor, and with Obama's plan to get rid of as many contractors as possible and hire government employees, I don't feel comfortable buying until the situation become more stable. I was already looking at houses before his plan became public knowledge. I've put that on hold Its easy to ditch a rental....a lot harder to ditch a house...especially in this market.

On one hand, I'm pissing away money in a rental every month. On the other hand, I can potentially jeopardize my entire future and never own a home....tough decision.


Edit: Not to mention, my Z is my only car and my daily driver. Sold the Titan to start saving even more.

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Old 06-28-2009, 06:47 PM   #66 (permalink)
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Originally Posted by XenChi View Post
If only you knew......
You assume I don't know. Your argument holds water only if a person doesn't have to rent and can live free, also assuming they will be happy in an apartment or dwelling that is a rental, also assuming that "free" isn't something nice provided by a wealthy family. The monthly rent gets you nothing but a roof over your head, there is no asset. While one can argue the appreciating value of real estate relative to the dollar over time, if you have to pay for a roof over your head, I still assert you are better off to buy something at the same monthly outlay that you would pay for rent. Of course if interest rates are in double digit figures, that argument changes as well.

John
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Old 06-28-2009, 06:49 PM   #67 (permalink)
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Originally Posted by XenChi View Post
Is someone upset that my scholastic penis is bigger than his?
I have a Master's from UGA, it's all relative........ and no, my ego is intact, your G'town doesn't bother me, I'll sleep just fine tonight

John
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Old 06-28-2009, 06:55 PM   #68 (permalink)
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Originally Posted by antennahead View Post
I have a Master's from UGA, it's all relative........ and no, my ego is intact, your G'town doesn't bother me, I'll sleep just fine tonight

John
So now we get to the heart of the matter. This is all about the Bulldog you stole!
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Old 06-28-2009, 06:57 PM   #69 (permalink)
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So now we get to the heart of the matter. This is all about the Bulldog you stole!
Oh hell no, I really don't care. I actually pull for the Gamecocks............. you know, the "wait until next year" Gamecocks

John
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Old 06-28-2009, 07:23 PM   #70 (permalink)
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Oh hell no, I really don't care. I actually pull for the Gamecocks............. you know, the "wait until next year" Gamecocks

John

Yes I believe I do.
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Old 06-28-2009, 07:24 PM   #71 (permalink)
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I rent. But I also don't own a 370z. I love the area I'm in but it takes over half a million to get home here and small studio or 1 bedroom condos are 200k+ for about 500sq ft. And I'm not sure about the resale value of small condos. Plus, I'd rather have my 1000 square feet.

Though, we've recently been discussing moving a few miles off the water and getting a house in another business district. No more long walks down to the waterfront and the quaint, picturesque old downtown area. But I guess maybe for our age it's better to build the equity.
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Old 06-28-2009, 07:28 PM   #72 (permalink)
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I'm totally going to get flamed for this, but if you live with your parents but drive a $30K car, you may need to examine your priorities.
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Old 06-28-2009, 07:55 PM   #73 (permalink)
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I live with my parents but I am also unemployed and going to college. I do not own one yet but soon I will.
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Old 06-28-2009, 07:58 PM   #74 (permalink)
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I'm totally going to get flamed for this, but if you live with your parents but drive a $30K car, you may need to examine your priorities.
With the amount of $$ I hemorrhage each month just to live in this area, I would gladly move in with the folks if it was free (and they lived in the area) and allowed me to invest instead. I have nothing against that.
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Old 06-28-2009, 08:04 PM   #75 (permalink)
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Originally Posted by zZSportZz View Post
With the amount of $$ I hemorrhage each month just to live in this area, I would gladly move in with the folks if it was free (and they lived in the area) and allowed me to invest instead. I have nothing against that.
Moving in with your parents to invest is one thing, buying a $30K loss is another. Probably depends on the circumstances.
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