370z or house?

bdavis89 · 04-22-2013, 08:24 PM

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.

skyhigh · 04-22-2013, 09:03 PM

Quote:

Originally Posted by 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.

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

04-22-2013, 08:24 PM	#1 (permalink)
bdavis89 Track Member Join Date: Oct 2011 Location: Jacksonville FL Posts: 586 Drives: '10 370Z PW Auto Rep Power: 15	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. skyhigh likes this. __________________ 2010 Pearl White Touring Sport Package \| Navigation \| 7 Speed Automatic

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