I'm thinking to buy a car but this became a discussion title between my family and friends. I need your views..
2007-03-04 00:09:46 · 15 answers · asked by fisherman 1 in Cars & Transportation ➔ Buying & Selling
Buy a house-- but rent it out and use it as an investment. But, don't live in it or you will end up married and giving it away to her in five years. Then rent a house with some friends (make sure your names not on the lease) or become a roommate. Because of all the money your saving on rent and the investment growing in the house--you can write off certain expenses, as in your office/bedroom and mileage to maintain your rental business --and get a great classic car that goes up in value. What is the point of having your cake--if you can't enjoy it.
2007-03-04 00:37:39 · answer #1 · answered by redrepair 5 · 1⤊ 0⤋
Reading thru the answers here I am amused that some think that girls would be more impressed by a single man that has a great looking car and no decent place to live then a single man that has thought of his future and made a wise investment and purchased a home that he could maybe take a girl back to.
Buying a home shows maturity and long term goals - showing off with a flashy or over priced car might show impulsiveness if that's all he has to offer.
So I would say invest in your future and buy a house - not just for now which is what a car purchase really is because a better model comes out next year.
2007-03-04 08:26:38 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Spannermo and locarb have the right answers. If it's one or the other, get the house. Impresses the right sort of woman if that's what you are looking for, a lot more than a car. Spent 30,000 cash on a car, now its worth 10,000. Maybe. Spent 105,000 plus interest on a house, now it's worth 350,000 and I've had 16 years of use out of it. I've had 8 years of use of the car too, but it has probably cost me more in repairs than the house. As they say in the classics, you do the maths.
2007-03-04 08:52:31 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If you have the money to buy a house, it is a much better investment.
The house will gain value; a car depreciates as soon as you drive it off the lot.
The house will also give you a better credit rating, provided you pay your mortgage on time every month.
Good luck!
2007-03-04 08:13:55 · answer #4 · answered by christine_ 4 · 0⤊ 0⤋
A car is more necessary for employment , but a house is a good investment and nice to have a place of your own.
2007-03-04 08:12:56 · answer #5 · answered by Anonymous · 1⤊ 0⤋
A house will appreciate in value, while a car will only depreciate.
Be smart, buy an appreciating asset, and ride a bike.
2007-03-04 08:12:25 · answer #6 · answered by Anonymous · 1⤊ 0⤋
Bachelor or single must buy a car so that he can have good and cute girls.
Who needs a house, as you can rent any place you like, house comes only after you are married.
2007-03-04 08:12:55 · answer #7 · answered by Punjabi 4 · 0⤊ 1⤋
A man would say house, a boy would say car.
2007-03-04 08:13:00 · answer #8 · answered by SpannerMonkey 4 · 1⤊ 0⤋
A house. A car can crash and you only have almost nothing for it. Houses have more and more value every year and cars have less and less value.
2007-03-04 12:35:14 · answer #9 · answered by wazup1971 6 · 0⤊ 0⤋
A house is a wiser investment, its value can increase.
A car's value can only decrease in most cases.
2007-03-04 08:12:44 · answer #10 · answered by doublewidemama 6 · 1⤊ 0⤋