370z or house?

Tazicon

Just bought my house here in Vegas in December, you will be kicking yourself if you don't jump now. Cars will be there, interest rates and prices probably will not.

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Porsche, it's a 2 syllable word

dP3NGU1N

It's tough. Buy the house first.

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35% Hooper Optik | Takeda Attack CAI | F.I. HFC | Hotchkis Sway Bar | Stillen 24row | OS Giken Super Lock LSD | TK Shift Knob | EVO-R Carbon Diffuser

Drex

bought my home in 2008, z in 2011. no brainer.

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2011 Nissan 370z | 6MT | Magnetic Black | Sport Package

Jasonle

House with a garage first... then down the road get your Z... or you might see **** like this happen overnight. I'm so happy I bought a house with a garage now

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2009 Nissan 370z/2003 Honda Soccer Van
Shineauto Amuse Body Kit/UAM Fenders/Bc Br Coilovers/Topspeed Exhaust/Racing Hart Wheels and More My Sexy Beast

diddy535

House. The interest % you pay on your home loan is a tax deduction. Your car loan is not.

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JungleZ

you can lease like me , get the hell out of it in 3 years. Or if you really like it just take a hit for a couple G's and buy it out.

Wonka2581

HOUSE.... no question about it... and you would want a safe place to put that new Z..

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"I have nothing to offer but blood, toil, tears and sweat""Winston Churchill"

Bucketlist2012

If you are young you don't remember 11% Home loan rates ....Super high Inflation years..

If you can lock in a 3.7% rate for 30 years, when the rates rise and you are already in a home, you will look like a genius...

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2009 Sport/Touring 370Z
1971 Z/28 with coil overs, rushforth's, willwoods, Hotchkis. 4 speed
GMC Sierra1500

Apoc370z

Get the Z and live with your parents. Win win!

But if you really have to choose, a house of course.

Tigger

I'm still house shopping and the current economic state and questions about whether I'll have to move for the job left me with only one choice for right now. I got a Z to get it out of the way so my credit will clear by the time I decide to buy. I initially wanted to buy in May. But I pushed to August. Three months is plenty of time for credit to stabilize after buying a car. Besides, we'll always have a car payment, right? It's all in timing. And yes, the rates will skyrocket by this time next year. Not to mention inventory in my area (Virginia Beach) has sucked completely for a while now. The last "reasonably priced" new home I found that I kinda mostly liked and thought about placing an offer on went for $353k. It was equivalent to a $190k home where I'm from back in Ohio. Couldn't convince myself to make the $1,900/month payment on a home I didn't think I'd be able to stay in incase the job moved. FYI, I just turned 32. The only hurry I'm in is to lock in a good rate before they go up. Or if I find a house I love then I'll put an offer down immediately.

And the new car thing, it realistically only applies to 30 days before or after to not affect a house purchase/closing. But if you have a house in mind right now that you would love to have, don't even think about a Z.

KERMIT

I would say it depends on where you live. Although, regardless of where you live, money for shelter should trump money for transportation.

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Steering wheel with Z emblem, keyless entry, 3.7L with dual overhead cams, am/fm radio, ABS brakes, windshield, air in tires

skyhigh

thanks guys for all the good comon sense responds. OK I will try to put off buying Z for now(hope I can do that) and get the house first. I just hope Nissan won't do anything crazy that can screw up their next gen.

bdavis89

House first. Simply for the long term effects. The market is recovering right now, but it will fall back down. Primary buyers right now are investors and young couples who can't afford the 20% down payment (and thus don't know what they're getting into). Once the new FHA rules go into effect that don't allow FHA insurance to be removed from a loan, I think the market will slow back down, along with the rental market leveling out, etc. Either way, the home is the better investment. My wife and I are saving up now. I bought the car before we got married, and if I could go back I'd get a beater and we'd already have a home. Live and learn.

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skyhigh

thanks for sharing your experience and knowledge about the house market. I really love the Z so if i get it, i will wash it every week so it makes more sense if i have the house first so i can park it and keep it proteted but sometime is hard to get over the urge of owning the Z. Whenever i drive pass it, i can't stop staring at it

6MT

Choose the house!

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Andrew

2009 370Z Sport/Touring 6MT sold
2013 Honda Civic Si coupe D/D