S2000->EVO->S2000?
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Joined: Jul 2004
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From: San Diego, Wess-Side!!
I didn't read the other comments but I say....... GET THE HOUSE..
It's an investment that will pay dividends in the future where the car is an expense... depreciating in value..
It's an investment that will pay dividends in the future where the car is an expense... depreciating in value..
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From: Russkii Hill
fico score of 600 is low low. when i got my first house when i was 23, my score was 670 and i didnt even have a salary job(banks prefer that over self employment by far). the mortgage guy said thats right on the bubble. but, anyways...def get the house. the market is just going up and up.
as for cali, i know its insane to spend a mil on a 2-bedroom, but believe me in two years it'll be worth 1.2.
as for cali, i know its insane to spend a mil on a 2-bedroom, but believe me in two years it'll be worth 1.2.
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From: Huntington Beach, CA
Originally Posted by bridow,Jun 10 2005, 07:46 AM
fico score of 600 is low low. when i got my first house when i was 23, my score was 670 and i didnt even have a salary job(banks prefer that over self employment by far). the mortgage guy said thats right on the bubble. but, anyways...def get the house. the market is just going up and up.
as for cali, i know its insane to spend a mil on a 2-bedroom, but believe me in two years it'll be worth 1.2.
as for cali, i know its insane to spend a mil on a 2-bedroom, but believe me in two years it'll be worth 1.2.
high 600 FICO
Just wanted to point that out before I get
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From: Tucson, AZ
Originally Posted by bridow,Jun 10 2005, 08:46 AM
fico score of 600 is low low. when i got my first house when i was 23, my score was 670 and i didnt even have a salary job(banks prefer that over self employment by far). the mortgage guy said thats right on the bubble. but, anyways...def get the house. the market is just going up and up.
as for cali, i know its insane to spend a mil on a 2-bedroom, but believe me in two years it'll be worth 1.2.
as for cali, i know its insane to spend a mil on a 2-bedroom, but believe me in two years it'll be worth 1.2.
But I give another vote for the house.
From a purely financial standpoint, you'd be insane to buy the car. I had to "settle" for the S2000 over an Elise for the same reason
I'm 22 yrs old by the way. Just be patient... your time will come =)
Joined: May 2005
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From: Tallahassee, FL
House = Equity
Equity in 1-2 years = LOW interest home equity loan for S2000
Buying the house is a win-win situation. You buy something that appreciates, get the equity from it in 1-2 years AND THEN get the S2000 (at a MUCH lower interest rate than any consumer loan....PLUS the interest on that equity loan is TAX DEDUCTIBLE)
Just my $.02 as a Master's Student in Accounting.....
Equity in 1-2 years = LOW interest home equity loan for S2000
Buying the house is a win-win situation. You buy something that appreciates, get the equity from it in 1-2 years AND THEN get the S2000 (at a MUCH lower interest rate than any consumer loan....PLUS the interest on that equity loan is TAX DEDUCTIBLE)
Just my $.02 as a Master's Student in Accounting.....
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From: Santa Barbara, CA
Originally Posted by jwa4378,Jun 10 2005, 11:25 AM
Buying the house is a win-win situation. You buy something that appreciates,
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From: Irvine, SoCal
Originally Posted by JAXrsx,Jun 10 2005, 08:04 AM
House hands down...no questions.
The fact that I bought my house when I was 22 (I am almost 30 now) has afforded me the ability to have some financial comforts I wouldn't have had otherwise. My home's value has appreciated almost 100% in less than 8 years.
Get yourself a house now. The car(s) can wait.
I know what your feeling though...self control is a bish!
Craig
The fact that I bought my house when I was 22 (I am almost 30 now) has afforded me the ability to have some financial comforts I wouldn't have had otherwise. My home's value has appreciated almost 100% in less than 8 years.
Get yourself a house now. The car(s) can wait.
I know what your feeling though...self control is a bish!
Craig
House's values had appreciated more than 100% in 4 years in some area of Orange County, CA. It may not have similar increase in price for the next 10 years, but it will be higher than today.
