Nice House vs nice Car? Which takes priority?
Discussion
Our house is payed for and fairly decent, it's the kids that use most of the money, just not sure at what age they will become independent, having to have three cars limits the budget, even maintaining them myself it's expensive, plus the house always needs something. Still, don't owe anyone a penny so can't complain.
I would always say house first and enjoy the shed level cars, put some effort in and don't get tangled up in leases if you can avoid it, spend the extra on the house, you will be glad twenty years down the line.
I would always say house first and enjoy the shed level cars, put some effort in and don't get tangled up in leases if you can avoid it, spend the extra on the house, you will be glad twenty years down the line.
House everytime, we bought a big old run down detached a few years ago when we were in our mid 20's it was a huge jump in to it, we probably skipped about 3 house moves in one, it was a massive commitment at the time, as was and still is the renovation.
I've still had a few nice cars but my passion for them has been sacrificed somewhat, I don't regret it at all!
I've still had a few nice cars but my passion for them has been sacrificed somewhat, I don't regret it at all!
Dave Hedgehog said:
housing wise all you need is somewhere to sling your stuff where it wont get nicked every 4 days
spending any more than that is just adding to "parasitic family / relative fund" which they will fight over when you are gone
best to waste it on cars and enjoy it imo
I like walking round my big house naked, you can't beat it!spending any more than that is just adding to "parasitic family / relative fund" which they will fight over when you are gone
best to waste it on cars and enjoy it imo
Single, no kids, never likely to get any, financially stable...
There's an argument for 'enough' house but no more than that. I can't see me stretching to live somewhere small but in a spectacular location and frankly I rattle around a 2-bed flat.
If I had kids, I'd probably be thinking of their inheritance and I can't imagine myself as a landlord or going self-employed so reasonable cars it is.
There's an argument for 'enough' house but no more than that. I can't see me stretching to live somewhere small but in a spectacular location and frankly I rattle around a 2-bed flat.
If I had kids, I'd probably be thinking of their inheritance and I can't imagine myself as a landlord or going self-employed so reasonable cars it is.
ILoveMondeo said:
Has anyone here ever actually made this decision? You can have one or the other? (Yes there is always a middle ground but let's pretend that doesn't exist)
Buy the dream home, (well get a massive mortgage)... Be unable to so much expensive car stuff?
Or
Much smaller mortgage on a far from crap house, but nothing spectacular, get a Ferrari/Lamborghini/etc
Used to live in a smallish detached in a development and drove a new X5 and wifie had a new 3.0Si z4, so probably about £85,000 worth of cars at the door.Buy the dream home, (well get a massive mortgage)... Be unable to so much expensive car stuff?
Or
Much smaller mortgage on a far from crap house, but nothing spectacular, get a Ferrari/Lamborghini/etc
Opted to build our own home in the country - 5 bed, 4 en suite, 4 reception, twin garages, decent site. Wifie still drives a z4 (but a 2 litre turbo, changes every three years to another new one) but i've a Golf diesel predominantly due to commuting.
I limit myself to the odd cheapie weekend "toy" now.
New cars depreciate heavily. Houses (usually) go up in value.
KingNothing said:
Only have a Focus ST, but spent a f
king fortune on it, plus debt, plus mods, plus interest, and finally realised I shouldn't have wasted my time and money, and as such I'm currently saving for a mortgage deposit, put the car back to standard, and it'll be sold eventually, and I'll run around in a shed for a while or the smallest lease I can find.
I saw this a lot on the focusstoc. The number of youngsters buying STs and spending thousands on modifying them was insane - and almost none of them had their own properties, they were just chucking money at their cars (which are now worth very little, especially modified).king fortune on it, plus debt, plus mods, plus interest, and finally realised I shouldn't have wasted my time and money, and as such I'm currently saving for a mortgage deposit, put the car back to standard, and it'll be sold eventually, and I'll run around in a shed for a while or the smallest lease I can find.If there's one piece of advice I could go back and give myself it would be to have gotten on the property ladder quicker and not blown my earnings one s
t back then that I can't even recall now.Funk said:
I saw this a lot on the focusstoc. The number of youngsters buying STs and spending thousands on modifying them was insane - and almost none of them had their own properties, they were just chucking money at their cars (which are now worth very little, especially modified).
If there's one piece of advice I could go back and give myself it would be to have gotten on the property ladder quicker and not blown my earnings one st back then that I can't even recall now.
These days for a lot of kids in the SE owning property is a distant dream. The only people under 30 I know owning property are the spoilt pr1cks who've been given money or land and as a result think they're better than those who haven't.If there's one piece of advice I could go back and give myself it would be to have gotten on the property ladder quicker and not blown my earnings one s
t back then that I can't even recall now.zoom star said:
I walk past a council estate on the way to work, probably the biggest house on the estate, on the end, in a largr corner plot, sat on the drive, massive modern motor home, and an Aston Martin.
Driver101 said:
It looks a bit wrong when you see a flash car in a rough area. I feel nervous leaving my car parked there, so they must feel uncomfortable living there.
It's worth noting the guy on the council estate with the nice car grew up there.He knows everyone and everyone knows him, his car is generally safer than some soft lad staying in a nice area as that's where the TWOKers from said estate will head to rather than s
tting on their own doorstep.I agree with Colonial.
It depends on so many things, not least of which is the stage in life and your overall worth.
If you live in a £1m house, you could quite easily downsize to a £600k house which would still be nice and have some cash for toys and other investments.
Do that at a stage in life when you have no mortgage or dependants and you can have the best of both worlds.
Do that in your 30s with kids and a big mortgage and it may not be so clever!
It depends on so many things, not least of which is the stage in life and your overall worth.
If you live in a £1m house, you could quite easily downsize to a £600k house which would still be nice and have some cash for toys and other investments.
Do that at a stage in life when you have no mortgage or dependants and you can have the best of both worlds.
Do that in your 30s with kids and a big mortgage and it may not be so clever!
Just been to see the "nice house"
fk me, it's nice...
But needs so much work, new everything required.. no nice cars for years and years!
Barn for 3 cars, and a double garage... It's like a red rag to a bull "buy cars to put in me"
Current owner had two absolutely mint old landies in there, and 80 and a 90 I think... No expert though.
Wonder if I can get him to chuck them in?
f
k me, it's nice...But needs so much work, new everything required.. no nice cars for years and years!
Barn for 3 cars, and a double garage... It's like a red rag to a bull "buy cars to put in me"
Current owner had two absolutely mint old landies in there, and 80 and a 90 I think... No expert though.
Wonder if I can get him to chuck them in?
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