House or car - which did/would you chose?

[PomBstard]

Having just spent more on a house than I planned, I’m now in the position of not being able to upgrade my ‘fleet’ for a number of years. We didn’t need to spend as much on the house as we did, but location was very important to us, so it was a conscious decision to spend as much as we have. The upside is that we don’t intend to buy again, however the Porsche will have to wait a few more years yet.

Which would/did you chose, and what’s the impact on your fleet?

[PomBstard]

zcacogp said:

House first. Almost always was; I spent pretty much all my money pre-university on cars, but found an overwhelming surge of sensibleness came over me after graduating and bought my first flat soon afterwards, at the expense of a decent car.

In retrospect, I half-wish I had been sensible from the start. Although that old Mk1 Golf GTi when I was 18 was a LOT of fun ....


Oli.

Sounds very familiar By the time I'd finished uni I'd bought and either sold or killed about 12 cars. Had a mortgage within a year, and been with one ever since.

Difference this time is that we would have paid off our current place in within another 5 or so years, but its just starting to feel a bit cramped, and as the kids get older we suspect its only going to feel more so. Plus it only has a car port on a slope and no garage. New place has a level driveway and a garage! But I'll be paying for it until I'm about 80.

As another poster has noted, our current place is about 30 times the value of the fleet, but it was about 100 times the value of the shed we drove to it when we bought it.