370z or house?

tower74 · 04-22-2013, 08:41 PM

Get the Z. Then just rent a duplex with a garage. Boom, you now have 1/2 a house and a full Z. Plus you will not have fix anything out of your pocket. More money for mods.

birdmanx1 · 04-24-2013, 07:40 AM

Quote:

Originally Posted by tower74

Get the Z. Then just rent a duplex with a garage. Boom, you now have 1/2 a house and a full Z. Plus you will not have fix anything out of your pocket. More money for mods.

Please OP don't follow this advice... seriously.

House first, 390z/490z/590z/690z (who gives a crap z) later. Good luck with your decision friend.

Infamous · 04-22-2013, 09:12 PM

Quote:

Originally Posted by JENZ

Pretty darn slow incline here in Vegas. My condo is worth half of what I paid for it. Not that I paid much for it.

I'm in vegas too. Have you seen home prices now though? Primarily new homes? Especially since the sub $215k market is being taken over by investors paying cash. Leaving first time home owners, like myself, having to buy new. I got a reservation on my home and less than a month later the price increased 10k. The new FHA loan rule started April 1st. You can not get rid of your PMI's after your LTV is less than 80% and after 5 years into your loan as you could before. The only way is to drop 20% down and go with a conventional loan. If you have 20% and can qualify for a conventional, I'd go for it now.

JENZ · 04-22-2013, 10:12 PM

Quote:

Originally Posted by Infamous

I'm in vegas too. Have you seen home prices now though? Primarily new homes? Especially since the sub $215k market is being taken over by investors paying cash. Leaving first time home owners, like myself, having to buy new. I got a reservation on my home and less than a month later the price increased 10k. The new FHA loan rule started April 1st. You can not get rid of your PMI's after your LTV is less than 80% and after 5 years into your loan as you could before. The only way is to drop 20% down and go with a conventional loan. If you have 20% and can qualify for a conventional, I'd go for it now.

I have noticed this with new homes. Was looking at a home in November for $150k and its now $190k for the same home. This is in mountains edge. However, existing homes are slow growing.

OldGuy · 04-22-2013, 09:17 PM

If you have to choose between the two, then you're not in a position to buy a Z. A car is about the worst investment you can make. A Z is a luxury and it will depreciate like a falling rock. Real estate generally is a good investment that will appreciate and go up in value over time. Real estate investment is especially prudent in this low interest and bargain price market. Buy the house first. Someday, you'll be able to afford the Z. Then you will buy it and you will be able to genuinely enjoy it. All things in their time.

hadokenuh · 04-22-2013, 09:19 PM

The Z needs a garage. So house first!

EndyKwon · 04-22-2013, 09:33 PM

$37K car, 370 sq. ft apartment. The way of life.

nmjaxx9 · 04-22-2013, 09:35 PM

How about a Z and an apartment instead?

faya · 04-22-2013, 10:21 PM

Im at the same of your age. I don't have a house but i have a Z. I am happy!

Sometimes it is good to just do things that makes you happy. There are apartments that have garage.

Sent from my iPhone using Tapatalk- faya baby!

JARblue · 04-22-2013, 10:25 PM

House = asset
Car = liability

We bought a house four years ago. The Z is two years old. It's a very simple answer

Jordo! · 04-23-2013, 02:15 AM

Responsible grown up = house

Which is why I personally would rent and get the Z

Sports cars are more fun than houses ... no one ever coined the phrase, "safe as sports cars".

Nailzs · 04-23-2013, 05:23 AM

NOTHING is better than having a house that's paid off!
Bought my house at 34, paid it off when I was 48

SoCalBoy · 04-23-2013, 05:38 AM

find an apartment that offers garage parking then go buy your Z....it's a win win situation

Bullit79 · 04-23-2013, 06:15 AM

House without a doubt. As others said, you need a garage first.

Though warning for first time home owners, be prepared for move in expenses (furniture, appliances, decor, etc). And if you're moving into an older home, repair/replacement costs. My plan was to wait a year before getting a new car, but ended up being 3 years after having to replace the HVAC system and installing double pane windows, plus other unforeseen expenses. Even then, those upgrades are an investment in the house.

Still, part of me wishes I'd bought the Z sooner after finding out how much fun it is to drive

Dzel · 04-23-2013, 06:19 AM

House you can't bang a chick in the Z comfortably.

But seriously this should be a common sense decision.

04-22-2013, 10:21 PM	#9 (permalink)
faya Enthusiast Member Join Date: Dec 2012 Location: Central Florida Posts: 360 Drives: 13 370z nismo Rep Power: 13	Im at the same of your age. I don't have a house but i have a Z. I am happy! Sometimes it is good to just do things that makes you happy. There are apartments that have garage. Sent from my iPhone using Tapatalk- faya baby! __________________ H&R / Swift Spec-R / Fast Intentions

04-22-2013, 10:25 PM	#10 (permalink)
JARblue A True Z Fanatic Join Date: Mar 2011 Location: Austin, TX Age: 44 Posts: 36,450 Drives: 11 Z34, 98 E36 M3 Rep Power: 2684441	House = asset Car = liability We bought a house four years ago. The Z is two years old. It's a very simple answer Dzel likes this. __________________ 2011 370Z 6MT Sport Gun Metallic \| ARC \| CJM \| Ecutek \| FI \| Fujimura \| R2C \| SPL \| Stillen \| TWM \| Z1 \| ZSpeed \|

04-23-2013, 02:15 AM	#11 (permalink)
Jordo! A True Z Fanatic Join Date: May 2010 Location: nirvana Posts: 6,394 Drives: 2023 NATM Rep Power: 419	Responsible grown up = house Which is why I personally would rent and get the Z Sports cars are more fun than houses ... no one ever coined the phrase, "safe as sports cars". __________________ Enjoy it. Destroy it.

04-23-2013, 05:23 AM	#12 (permalink)
Nailzs Enthusiast Member Join Date: Aug 2012 Location: Florida Posts: 395 Drives: 13 370Z 7at Sp Tour Rep Power: 14	NOTHING is better than having a house that's paid off! Bought my house at 34, paid it off when I was 48 Dzel and Bucketlist2012 like this.

04-23-2013, 05:38 AM	#13 (permalink)
SoCalBoy Enthusiast Member Join Date: Apr 2012 Location: Mesa, AZ Age: 41 Posts: 324 Drives: RipTide Rep Power: 14	find an apartment that offers garage parking then go buy your Z....it's a win win situation __________________

04-22-2013, 08:41 PM	#1 (permalink)
tower74 A True Z Fanatic Join Date: Oct 2011 Location: KCMO Posts: 1,597 Drives: 2017 ZL1 Camaro Rep Power: 370	Get the Z. Then just rent a duplex with a garage. Boom, you now have 1/2 a house and a full Z. Plus you will not have fix anything out of your pocket. More money for mods.

04-22-2013, 09:17 PM	#5 (permalink)
OldGuy Base Member Join Date: Dec 2009 Location: Greensburg PA Posts: 899 Drives: '09370Z Red Base A7 Rep Power: 17	If you have to choose between the two, then you're not in a position to buy a Z. A car is about the worst investment you can make. A Z is a luxury and it will depreciate like a falling rock. Real estate generally is a good investment that will appreciate and go up in value over time. Real estate investment is especially prudent in this low interest and bargain price market. Buy the house first. Someday, you'll be able to afford the Z. Then you will buy it and you will be able to genuinely enjoy it. All things in their time.

04-22-2013, 09:19 PM	#6 (permalink)
hadokenuh Base Member Join Date: Mar 2012 Location: Houston Posts: 186 Drives: 09 370Z 6MT Rep Power: 14	The Z needs a garage. So house first!

04-22-2013, 09:33 PM	#7 (permalink)
EndyKwon Enthusiast Member Join Date: Jan 2012 Location: Los Angeles Posts: 431 Drives: '11 BSilver Base 7AT Rep Power: 14	$37K car, 370 sq. ft apartment. The way of life.

04-22-2013, 09:35 PM	#8 (permalink)
nmjaxx9 A True Z Fanatic Join Date: Jul 2011 Location: Middletown, Ct Posts: 5,853 Drives: 2011 Nissan 370z Rep Power: 27	How about a Z and an apartment instead?

04-23-2013, 06:15 AM	#14 (permalink)
Bullit79 Base Member Join Date: Feb 2013 Location: TX Posts: 140 Drives: '12 370Z GM 7AT Rep Power: 13	House without a doubt. As others said, you need a garage first. Though warning for first time home owners, be prepared for move in expenses (furniture, appliances, decor, etc). And if you're moving into an older home, repair/replacement costs. My plan was to wait a year before getting a new car, but ended up being 3 years after having to replace the HVAC system and installing double pane windows, plus other unforeseen expenses. Even then, those upgrades are an investment in the house. Still, part of me wishes I'd bought the Z sooner after finding out how much fun it is to drive

04-23-2013, 06:19 AM	#15 (permalink)
Dzel A True Z Fanatic Join Date: May 2011 Location: Midland, TX Posts: 3,884 Drives: 11 370Z PW M6 Rep Power: 24	House you can't bang a chick in the Z comfortably. But seriously this should be a common sense decision. JARblue likes this. __________________ 10secWS6 IF YOU CAN'T SWING IT THEN DON'T BRING IT! Check out Domestic Performance C.C.

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