.. collect ALL of the below dream machines for about 100K less. Actually, in West LA,
the most you could get for 600K is a 3BR condo or maybe a townhome. Real estate is supposed
to be an appreciating asset but still..



'98 Wellcraft 45 ft long Excalibur that i believe you could eat, sleep, and take a cr*p on.
$200K on Yacht Trader


'01 New Modena 360 for $165K on autotrader to help you tow the yacht


In case the modena breaks down.. '97 Cessna C172R with 640 hrs for $125K on aircraftonline.com

[Edited by SixthGear on 05-07-2001 at 08:47 AM]

 

Get a 300K house in West LA, fix it up, and put the rest in a mixture of stocks and bonds.

 

You know what they say . . . "The difference between men and boys is the price of their toys!"

P.S. I don't think you'd be towing the "yacht" with the modena; at least not very far. Also, the Cessna has a stook-like push-button starter, I think.

 

Get the smaller $300K house with a garage (esp. seeing that you could still afford the fix up) and then fill one of the garage bays with the Modena.

When you get to sell the house, you can really appreciate the value after fixing it up and tell the new owners that the house comes with the Modena. So now the value stands at $300K for the house + $100K for fix-up + $100K for the two ownered used Modena + $100K appreciated value (after half of California falls into the ocean, which will only be in a couple of years).

I think if I added correctly, you end up with $600K....no you have cash to buy your multi-million dollared house in NV, and have 4 times the house then you would have originally had in CA.

 

The Cessna does not have a push button starter. The ownership cost of an airplane can make the others look like quite a bargain. All and all, I'd probably buy the airplane. However, as much as I love the C-172, I'd probably get a little more cash and buy the Cirrus instead. From a pure investment standpoint, the airplane will easily do the best over time as well.

 

The interest and taxes on the house are tax deductible which makes the mortgage easier to swallow but the financing on all the other toys is NOT a writeoff. Unless you can bullshit some business reason. Or maybe buy cash.

 

[QUOTE]Originally posted by TrojanHorse
[B]The interest and taxes on the house are tax deductible which makes the mortgage easier to swallow but the financing on all the other toys is NOT a writeoff. Unless you can bullshit some business reason.

 

trojanhorse: depending on the owner and his tax needs, this is probably a piece of cake for most respectable cpa's.

scott: how's the ownership cost compared to chartering it from someone else? Jet fuel, boat slip, and training probably make that condo fees look like pocket change.

Ferraris and cessnas should hold their value pretty well... not sure about the boat. Can't do much worst than the nasdaq these days

Luder: You'll make Donald Trump proud. He made $$$ through OPM. You do it with George W. math and geology

lvs2k: the towing definitely wont last long because the car jackers will be tripping over themselves

 

most lenders won't lend $600k over 30 years for stuff other than houses...... the monthly payments (principal and interest alone)would be $3,992/mo at 7% over 30 years (assumes 100% financing)

Same $600k over 10 years (way too long for a car/boat and plane) would be $6,967/mo (plus ya wouldn't get 7% on these items.

great ideas though!!!!

Scot

 

[QUOTE]Originally posted by SixthGear
[B]
Luder: