purchase dilema
10-06-2004, 03:05 PM
#1
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purchase dilema
Hey guys, I found a very nice s2k in my area. It's a 01 with 8k miles. The color is spa yellow is the asking price is $19,500. I have 12k cash and I can take the rest out on a bank loan. I can easly pull that off.
But, my parents came to me with an investment opportunity. There's a house for sale for 25k, and I can put in 10k into it and get 300/month from rent. This would be good for my future but right now, the s2k is a great deal and I can easily afford it.
But, If I buy the house now, by summer next year I would save up enough for another s2k. What do you guys think? I need your help. Thanks.
Winter's also coming.
But, my parents came to me with an investment opportunity. There's a house for sale for 25k, and I can put in 10k into it and get 300/month from rent. This would be good for my future but right now, the s2k is a great deal and I can easily afford it.
But, If I buy the house now, by summer next year I would save up enough for another s2k. What do you guys think? I need your help. Thanks.
Winter's also coming.
10-06-2004, 03:38 PM
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HOuse for 25k?
Well whats more important is a roof over your head with equity in the long run or a car with a roof over your head every now and than (drop the top) which will give you some fun in your llife, as well as some lovin from the ladies.
Its an internal issue.
Live for the now or think for the future.
Well whats more important is a roof over your head with equity in the long run or a car with a roof over your head every now and than (drop the top) which will give you some fun in your llife, as well as some lovin from the ladies.
Its an internal issue.
Live for the now or think for the future.
10-06-2004, 03:52 PM
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We already have a house, and this extra house we're buying is purely for the profit. Im leaning towards the house because I can use the rent of the house to make payments on another s2k next year.
10-06-2004, 04:00 PM
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Do the house. You will be better off in the long run. I know I am young but when the time comes and i find a good investment, i will be selling my S. Why? My future is more important. I can always buy another S2000, so i'll be without for a yr. The investment $$$ will be well worth it.
10-06-2004, 04:01 PM
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Lets see, should you spend the money on an asset that will increase in value or one that will decrease in value? Seems simple.
On the other hand, life is short. One of those assets is probably a PITA and the other one is fun.
It all depends on how much you value your fun v. your money. It's a personal decision for you.
On the other hand, life is short. One of those assets is probably a PITA and the other one is fun.
It all depends on how much you value your fun v. your money. It's a personal decision for you.
"Live Like you were Dying" ....
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10-06-2004, 04:17 PM
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Man. It must be nice to be able to buy a house for 25k. Try living in Los Angeles.
I wanted to buy a house in my parent's neighborhood. Prices are now sky high and my dream is slowly fading away. Saw a listing the other day for a 3bd,2ba for 490k.
I wanted to buy a house in my parent's neighborhood. Prices are now sky high and my dream is slowly fading away. Saw a listing the other day for a 3bd,2ba for 490k.
