This GTR is SLAMMED
#111
Originally Posted by sahtt,Apr 27 2010, 06:13 AM
A lot of financial experts around here all of a sudden. Depending on the area, renting can be much more cost effective than buying. The 'everyone who has any money needs a house or they are pissing money away renting' philosophy is a fallacy. In many areas you have to go deep in debt and pay out five figures a year in property taxes to own a house in the same area/same size as you can rent for 1200 a month with no risk of the A/C failing and costing you 20 grand or having to pay 150 a month indefinitely to keep your lawn mowed. Pretty sad people are so judgmental about other people's financial decisions. If I was bearish on the housing market and liked having the few worries/responsibilities associated with an apartment and wanted a GTR, that doesn't mean I'm automatically an idiot.
Same with people claiming those who lease are always clueless. You can lease a new civic with nothing down for under 200$ a month.
Same with people claiming those who lease are always clueless. You can lease a new civic with nothing down for under 200$ a month.
I definitely think I could beat the gains on the house renting. When you factor in maintenance, increased utilities over an apt., taxes, insurance, etc, etc, well, I just don't think it's the great investment people hype it up to be. No longer do I frown upon people having nice cars and renting. A garage (attached or detached) would be a requirement for me though.
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