Discussion
I've got a bit of a dilemma at the moment. I had to sell my Griffith last August, after 3 years of enjoyment, and have recently moved back to my parents in order to save up enough to buy a house.
Unfortunately, six months of not having a TVR has been very tough, and I'm finding it increasingly hard to resist the temptation to buy a Tuscan...
Do I:
a) Follow my head and buy the house, which will mean driving my dad's Freelander (diesel and auto!).
b) Follow my heart, and go for the Tuscan - after all, you only live once, and I can always get a place to live a bit later.
Buying a cheaper car and a house isn't an option - it really has to be a Tuscan S!
What do you reckon??
Unfortunately, six months of not having a TVR has been very tough, and I'm finding it increasingly hard to resist the temptation to buy a Tuscan...
Do I:
a) Follow my head and buy the house, which will mean driving my dad's Freelander (diesel and auto!).
b) Follow my heart, and go for the Tuscan - after all, you only live once, and I can always get a place to live a bit later.
Buying a cheaper car and a house isn't an option - it really has to be a Tuscan S!
What do you reckon??
Leaving aside the undoubted merits of owning a TVR and concentrating just on whether now is a good time to buy a house:
Property prices are way above the long-term trend, and just as with any other form of investment, this is not sustainable indefinitely. With the average house price standing at £145,000 and national average earnings now £25,000, the affordability index is even higher than it was in 1989; only low interest rates are stopping this bubble from bursting.
I believe that anyone buying now will have to hold onto the property for five or six years before they see their money back, after allowing for the additional costs of stamp duty, estate agent & solictors fees etc.
Go get your Tuscan and have fun for a couple of years - you won't lose any more on that than you would on a house. Speaking as a parent though - s*d off and get your own place
Property prices are way above the long-term trend, and just as with any other form of investment, this is not sustainable indefinitely. With the average house price standing at £145,000 and national average earnings now £25,000, the affordability index is even higher than it was in 1989; only low interest rates are stopping this bubble from bursting.
I believe that anyone buying now will have to hold onto the property for five or six years before they see their money back, after allowing for the additional costs of stamp duty, estate agent & solictors fees etc.
Go get your Tuscan and have fun for a couple of years - you won't lose any more on that than you would on a house. Speaking as a parent though - s*d off and get your own place
It depends how long you can stand living with the parents and/or how long before they boot your arse out the door!
Buy the Tuscan and they just might think you're there to stay and have no intention of leaving - might be enough for them to help you leave (foot up arse or cash to help buy house)
Tough one !!
Buy the Tuscan and they just might think you're there to stay and have no intention of leaving - might be enough for them to help you leave (foot up arse or cash to help buy house)
Tough one !!
TVRpotty said:The house market is gonna crash soon....
Don't tell me that Racegirl's got me looking at bloody new houses in the paper, on the internet, driving around, I'll keep her in check though, my house demands are very exacting,
Sponge of your parents for as long as you can, as long as you all get on then it's perfectly OK,
House
as someone previous has said, not much street cred in taking someone back to mum and dads.
bricks and mortar an appreciating asset, unlike a car (250 GTO aside!). even if the market falls slightly, it will recover with time, whereas the car will be worth less and less.
as a result of a relationship breakdown I found myself back at my parents house a few years back with a flash car (for the time). Despite being a complete petrolhead I flogged it and used the money for a deposit on a flat. i thought the market was ridiculously expensive at that time and thought a crash was imminent. the crash never happened and I am now selling and have £45k in equity. I remortgaged for a modest amount just over a year ago and bought a TVR with the profit I had made. Now I am moving on to a bigger place with plenty of room for the Tiv to be worked on and stored
as someone previous has said, not much street cred in taking someone back to mum and dads.
bricks and mortar an appreciating asset, unlike a car (250 GTO aside!). even if the market falls slightly, it will recover with time, whereas the car will be worth less and less.
as a result of a relationship breakdown I found myself back at my parents house a few years back with a flash car (for the time). Despite being a complete petrolhead I flogged it and used the money for a deposit on a flat. i thought the market was ridiculously expensive at that time and thought a crash was imminent. the crash never happened and I am now selling and have £45k in equity. I remortgaged for a modest amount just over a year ago and bought a TVR with the profit I had made. Now I am moving on to a bigger place with plenty of room for the Tiv to be worked on and stored
true - but with house prices at current levels, girlies in my age target (20 - 25) dont own there own place and I'll be damned if I am paying £75 - £100 every time I want a 
If i knew someone that drove a £40k car and lived with mum and dad I would think it was a little sad and I am certain a number of my female friends would do too. Those that know little about cars think its sad enough I spend £500+ to have my TVR serviced when a Fiesta is £30 and a packet of Top Trumps.
All IMHO of course.
If i knew someone that drove a £40k car and lived with mum and dad I would think it was a little sad and I am certain a number of my female friends would do too. Those that know little about cars think its sad enough I spend £500+ to have my TVR serviced when a Fiesta is £30 and a packet of Top Trumps.
All IMHO of course.
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