Supercars outside ordinary houses

[RowntreesCabana]

vinnie83 said:

In what world is that an 'ordinary' house?

Planet Pistonheads

[AshBurrows]

vinnie83 said:

My modest semi has my DBS parked outside.

Yes yes, you have a lovely car and I'd have the same reaction, but what about your house?

[RowntreesCabana]

vinnie83 said:

I'm interested to know, what would you guys consider a good ratio of house to car value?

10:1?

7:1?


Lots of houses around here look like normal unimpressive semi's but are worth £700+k, there was one on my walk to the tube the other day that had a Huracan parked outside it. My modest semi has my DBS parked outside.

Mines 80:1

[ukaskew]

Not sure if it's the norm but out here in the sticks many of the truly vast houses have old Rovers etc (the house round the corner for me has about 20 bedrooms, currently a 2003 Clio and Rover 25 on the driveway).

The expensive new metal tends to be on the driveways of the new 'executive' homes on a plot a little larger than a postage stamp.

[mizx]

Something ~10:1 is probably about average.

Ours is about 9:1

[Audemars]

vinnie83 said:

I'm interested to know, what would you guys consider a good ratio of house to car value?

10:1?

7:1?


Lots of houses around here look like normal unimpressive semi's but are worth £700+k, there was one on my walk to the tube the other day that had a Huracan parked outside it. My modest semi has my DBS parked outside.

I would say 100 to 1 for London and 50 to 1 for most other places. In Scotland and the north it will probably be different. Aren't decent houses in Scotland only a few k?

[vinnie83]

mizx said:

Something ~10:1 is probably about average.

Ours is about 9:1

Now in London you could have a bloody nice car outside a pretty basic looking house and still be under 10:1.

RowntreesCabana said:

Mines 80:1

Doesn't really answer my question. I wasn't really asking what people have, but what is considered acceptable since some people in this thread seem to believe you should have a mansion before having anything impressive on your drive... I mean, in London you could have a £1million+ house without even having a drive!

AshBurrows said:

Yes yes, you have a lovely car and I'd have the same reaction, but what about your house?

I have a nice 3 bed semi in a decent area. People in London would think it's quite nice, people outside London would wonder where the hell the money went as it's nothing particularly impressive!

Audemars said:

I would say 100 to 1 for London and 50 to 1 for most other places. In Scotland and the north it will probably be different. Aren't decent houses in Scotland only a few k?

So you think someone with a £1,000,000 house should have a car worth £10,000?

Edited by vinnie83 on Tuesday 6th September 16:50

Edited by vinnie83 on Tuesday 6th September 16:52

[AshBurrows]

Audemars said:

I would say 100 to 1 for London and 50 to 1 for most other places. In Scotland and the north it will probably be different. Aren't decent houses in Scotland only a few k?

[louiebaby]

Loving the topic, but my ratio is about 100:1, and that's with a pretty generous valuation of my wagon too.

[RowntreesCabana]

vinnie83 said:

Doesn't really answer my question. I wasn't really asking what people have, but what is considered acceptable since some people in this thread seem to believe you should have a mansion before having anything impressive on your drive... I mean, in London you could have a £1million+ house without even having a drive!

To understand whats acceptable, wouldn't you first want to know what the norm is? You'll only get that when enough people provide the information to compare. Whats good for one, isn't necessarily good for another, but the average would at least give some idea.

[mikearwas]

AshBurrows said:

adam2588 said:

ChocolateFrog said:

There's a house in Brighton, nice but nothing overly extravagant that used to have a 458 and MC-12 parked outside.

---

Used to drive past there all the time...

Lmao at the idea of this not being a big house. I'd like to see what people calling this nothing are living in

I know, it's hilarious. In my part of Surrey that house is worth well over 2 million.

[Audemars]

As already shown, a £1m house in the likes of Lewisham will be a dump so yes a £10k car is about right.

Bought my first house many many years ago for £550k and drove around in a £5k car. House was paid off in 5 yrs and is now worth many multiples of the price. I still had the same £5k car 10 yrs on. Still have the house but now rent it out as moved on to a better properties.

I still today would not pay more than £10k for a normal car. My daily is a limited edition supercar but I have one because when I finish with it, it will cost me nothing as its value would have risen far above purchase price.

Edited by Audemars on Tuesday 6th September 17:01

[mikearwas]

Audemars said:

I would say 100 to 1 for London and 50 to 1 for most other places. In Scotland and the north it will probably be different. Aren't decent houses in Scotland only a few k?

More nonsense. Anyway, the calculation method is irrelevant given the way people 'purchase' cars nowadays. It should be house value vs amount paid per year in PCP payments.

Edited by mikearwas on Tuesday 6th September 17:04

[AshBurrows]

Audemars said:

As already shown, a £1m house in the likes of Lewisham will be a dump so yes a £10k car is about right.

Bought my first house many many years ago for £550k and drove around in a £5k car. House was paid off in 5 yrs and is now worth many multiples of the price. I still had the same £5k 10 yrs on. Still have the house but now rent it out as moved on to a better properties.

No you didn't.

[lickatysplit]

near where my folks are there used be be a bentley Conti GT, in a semi in Welling. I thought it looked ridiculous.

I find it quite odd the other way around, near where I live some of the houses are £1m+ and on the drive is an old Saab (not a classic mind, its covered in rust and totally neglegted) or another has an L re Polo on the drive

[mikearwas]

Audemars said:

As already shown, a £1m house in the likes of Lewisham will be a dump so yes a £10k car is about right.

Bought my first house many many years ago for £550k and drove around in a £5k car. House was paid off in 5 yrs and is now worth many multiples of the price. I still had the same £5k car 10 yrs on. Still have the house but now rent it out as moved on to a better properties.

I still today would not pay more than £10k for a normal car. My daily is a limited edition supercar but I have one because when I finish with it, it will cost me nothing as its value would have risen far above purchase price.

Edited by Audemars on Tuesday 6th September 17:01

Not sure if serious. It might be a dump but you still need to be able to support a million pound mortgage to live there. Most people who can dump 4k+ a month on mortgage payments will not have a 10k car.

[vinnie83]

Audemars said:

As already shown, a £1m house in the likes of Lewisham will be a dump so yes a £10k car is about right.

Bought my first house many many years ago for £550k and drove around in a £5k car. House was paid off in 5 yrs and is now worth many multiples of the price. I still had the same £5k car 10 yrs on. Still have the house but now rent it out as moved on to a better properties.

I still today would not pay more than £10k for a normal car. My daily is a limited edition supercar but I have one because when I finish with it, it will cost me nothing as its value would have risen far above purchase price.

Edited by Audemars on Tuesday 6th September 17:01

A £1million house in Lewisham will not be a dump, that was never shown.

I'm interested when you purchased and what the "many multiples of the price" now is?

And this thread is about 'supercars', not normal cars. So saying you'd not pay more than £10k for a normal car but you have a limited edition supercar (what by the way? this is a car forum, I'd love to know) is kinda a contradiction isn't it?

[Shnozz]

RowntreesCabana said:

vinnie83 said:

Doesn't really answer my question. I wasn't really asking what people have, but what is considered acceptable since some people in this thread seem to believe you should have a mansion before having anything impressive on your drive... I mean, in London you could have a £1million+ house without even having a drive!

To understand whats acceptable, wouldn't you first want to know what the norm is? You'll only get that when enough people provide the information to compare. Whats good for one, isn't necessarily good for another, but the average would at least give some idea.

And one would expect it to differ for an average PHer compared to a non-car person. For the masses that consider a car a transport commodity I would imagine they would never spend large ratios -v- house price.

For those whose hobby as well as transport is cars, the ratio is skewed. In the same way someone who enjoys travel might spend £10k a year on that and live in a modest place (as applies to quite a few of my friends).

[AyBee]

Audemars said:

As already shown, a £1m house in the likes of Lewisham will be a dump so yes a £10k car is about right.

Bought my first house many many years ago for £550k and drove around in a £5k car. House was paid off in 5 yrs and is now worth many multiples of the price. I still had the same £5k car 10 yrs on. Still have the house but now rent it out as moved on to a better properties.

I still today would not pay more than £10k for a normal car. My daily is a limited edition supercar but I have one because when I finish with it, it will cost me nothing as its value would have risen far above purchase price.

So your first house is worth many multiples of £550k - call that £1.5m, you've moved into a new property which is better (read, more expensive), call that £2m - so that's £3.5m total, and you wouldn't spend more than £10k on a car?! You know this is Pistonheads, right?

[RowntreesCabana]

Shnozz said:

And one would expect it to differ for an average PHer compared to a non-car person. For the masses that consider a car a transport commodity I would imagine they would never spend large ratios -v- house price.

For those whose hobby as well as transport is cars, the ratio is skewed. In the same way someone who enjoys travel might spend £10k a year on that and live in a modest place (as applies to quite a few of my friends).

I'm not sure that really makes a difference. A non petrolhead may still want to spend money on a decent car, but what you'll see is a difference in the type of car for these people compared to an average pistonheaders. £10k budget for a non petrolhead may go on a box standard Focus, for a pistonheader they'd still spend £10k but on an older ST or an Elise. The average price of car may remain the same, but the bhp would be vastly different.