i love cars yet a property will be worthwhile because i can make money confused
2006-07-12 02:17:11 · 22 answers · asked by TARA A 2 in Business & Finance ➔ Renting & Real Estate
property. you can MAKE money with that. The BMW is just going to be using more money with maintenance and you do not get a return on that either.
2006-07-12 02:21:23 · answer #1 · answered by tg 4 · 0⤊ 0⤋
Nothing confusing about it, you just need to make an informed decision. Property seems to be the better choice if you'd be making money off of it.
I don't know the specifics, but it's probably worth more than a BMW. Cars don't appreciate in value, they cost you money over time.
Get the property, get a job and just buy yourself a car. If your credit is good, you'd probably have lower monthly payment.
2006-07-12 02:23:52 · answer #2 · answered by Ain't Not Cool 3 · 0⤊ 0⤋
Definitely real estate. As has been stated, the property has the opportunity to increase in value, but the car will likely only depreciate. Consider, though, that you must be able to afford the yearly property taxes and insurance on a property plus any maintenance that might be necessary. The same can be said for a car though *insurance, plates, maintenance,gas,etc*.
2006-07-12 02:22:57 · answer #3 · answered by lazor_braids 2 · 0⤊ 0⤋
As you can see, I believe everyone has told you the property is the best investment and I also agree.
Almost anything that you buy depreciates the moment you buy it. This is not true for real estate BUT be aware of anybody that tells you that you can make easy and fast money buying, fixing and selling, over and over again. To really invest and have financial stability you have to treat real estate as a long term commitment and NOT a short term speculation.
That holds true specially in today's market. Todays market has normalized and buyers are in control again. Sellers are no longer calling the shots so be careful if you think you can make millions by just buying, fixing and selling in a short term
Good luck
2006-07-12 07:23:02 · answer #4 · answered by SCCRealEstateUNCENSORED.com 3 · 0⤊ 0⤋
Go with the property (I assume real estate). This is an investment in an appreciating asset vs. a depreciating asset (assuming that the car is not a collector model). It's a trade off between the satisfaction of fun driving around town vs. the satisfaction of building wealth.
2006-07-12 02:22:33 · answer #5 · answered by Eric H 1 · 0⤊ 0⤋
Property will hold value or increase, the BMW is just cool. At 18 the property is your wisest choice.
2006-07-12 02:21:54 · answer #6 · answered by Badkitty 7 · 0⤊ 0⤋
property, because the housing market is becoming so inflated, and Noe's the best time to build on property for cheap, and then sell at exorbitant prices. You could lose(crash) a car in the blink of an eye, and your insurance can sky rocket at your age.
2006-07-12 02:24:05 · answer #7 · answered by graciefaith1 4 · 0⤊ 0⤋
you're 18..you have 10 years save the money for a bigger badder business... then buy 3 properties and 4 cars. Get married to some dumb idiot have 2 cocky spoiled children and live in hawaii..
2006-07-12 02:21:29 · answer #8 · answered by Anonymous · 0⤊ 0⤋
take the property, then you can throw sweet *** parties there too. You'll make more friends than owning a BMW (although they are sweet cars) and you'll probally have a better reputation with the ladies
this is in addition to all the previous posts... its a great opportunity, don't screw it up
2006-07-12 07:44:26 · answer #9 · answered by mn4747 1 · 0⤊ 0⤋
PROPERTY!!! The BMW will depreciate the second you get behind the wheel. Real estate will make you money in the long run. It's a no brainer.
2006-07-12 03:25:25 · answer #10 · answered by akc1106 4 · 0⤊ 0⤋