02-28-2011, 02:17 PM | #1 |
Drives: 2010 Camaro 2SS/RS T/F Edition Join Date: Feb 2010
Location: OBX
Posts: 93
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Buying new home, sold the Camaro this weekend
Well, as much as I hated to I sold my Camaro this weekend. I'm moving to a new home, and may have two house payments for a few months, so I needed to let something go to downsize.
I've been trying to look at it as putting money into something that will hopefully appreciate rather than depreciate. I'm going to be hanging around because I loved driving the Camaro and really like the looks of the new convertible. I'm sure I'll get the urge to have another toy car in a year or two. G'bye for now ! |
02-28-2011, 02:25 PM | #2 |
Congrats on your new home and my condolences for having to give your baby.
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Mods: CAI Inc. Cold Air Intake, 35% Tint, 3M Clear Bra
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02-28-2011, 02:27 PM | #3 |
Anabolic Connoisseur
Drives: Sold - Blown Camaro 2SS/RS LS3 Join Date: Sep 2010
Location: Oklahoma
Posts: 22,094
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ahh we lost another one.. joking. yah cars arent good investments. but a house for sure is. congrats on ur house and at the same time sorry for ur lose
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02-28-2011, 02:30 PM | #4 |
Drives: SSRS - black, GFX, SSX wheels Join Date: Aug 2009
Location: IN
Posts: 936
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Well, a house used to appreciate and be a good investment, but it isn't necessarily anymore!
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02-28-2011, 02:34 PM | #5 |
Drives: 2011 Blue1SSRS 623RWHP, 02 vette Join Date: Aug 2010
Location: Richmond VA
Posts: 1,308
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welcome to the smart dissection world(not that i live in it right now.lol) ....GREAT THINKING!!
Now as for your car they make new ones every day. as for 2 houses WOW you got guts..lol hope it sells quick. Good luck in your new home. a new toy will come i'm sure.
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2002 Vette (stock)
Team LS-3 |
02-28-2011, 03:31 PM | #6 |
Camarofanatic
Drives: 1969 SS, 1998 RS, 2010 VR 2SS/RS Join Date: Sep 2008
Location: Gallitzin PA
Posts: 1,433
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Is you're new home in the Outer Banks too? I HATE YOU! haha.. I jokingly hate anyone that doesn't have to deal with snow, especially of they get to live at the beach. Sorry to hear about your car. Sell the 1st house and order yourself a ZL1 in a year!
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2010 Victory Red R6P 2SS w/RS package. Gloss black Rallys, 6 speed manual, SLP Loudmouth I exhaust, LS7 style blackout panel, SS emblems front and rear, Custom 69 inspired headlight covers, Vararam no tune, Hurst Short Throw, and MTI Racing rear spoiler, SLP Front Splitter, ZL1 Side Skirts
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02-28-2011, 08:00 PM | #7 |
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Not that I'm saying this will happen with your home but just the thought of a home holding its value is some what ironic to me. I lost 75% of my home value thinking the same thing and my house was in downtown Scottsdale. I should've gone with my first instinct and got that GTO.
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02-28-2011, 08:02 PM | #8 |
Account Suspended
Drives: nothing Join Date: Nov 2010
Location: a hole
Posts: 17,906
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Your home should always come before cars. I've been remodeling my house for the last two months and it's looking great.
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02-28-2011, 08:08 PM | #9 |
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Rent is cheap and housing is still crashing, I'd agree when the market bottoms out. Just saying having lived that little dream and watched $100,000 dollars in equity paid disappear in the course of a couple months and turn into $250,000 underwater that I respectfully disagree. If I can buy for cash I will, but I'll never do a mortgage ever again.
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02-28-2011, 08:25 PM | #10 |
NY Football Giants YAY!!!
Drives: 2011 LS Join Date: Aug 2010
Location: DMV
Posts: 808
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If you bought a house 3-4 years ago you're finding that right now it was not a good investment.
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02-28-2011, 08:44 PM | #11 |
Drives: 2 LT/RS YELLOW, AUTO., VIN NO. 602 Join Date: May 2010
Location: LAVAL (10 min. north of Montreal), CANADA
Posts: 3,526
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Hey! you can come back with a new Gen5 in a few years, I had a 79 Vette which I liked a lot, Yellow, L-82, manual tranny, Survivor car. I sold it in 2004 while I intended to buy a C6 Vette. But I did buy a new house in 2006 and the value went up for at least $125,000.00 since, So last april I bought a use Gen5 and I still hve the + value on my house. My short sacrifice paid me well. You might have the same chance in a short period of time and join us later. Good choice,
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02-28-2011, 09:22 PM | #12 |
Account Suspended
Drives: nothing Join Date: Nov 2010
Location: a hole
Posts: 17,906
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I bought my house outright in 1996 for $85k and still live in it, hense the remodel.
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02-28-2011, 09:28 PM | #13 |
Guest
Join Date: Jun 2009
Location: PA
Posts: 4,812
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Congrats on the new home. They make cars everyday. Don't sweat it. I'm sure you made the right choice.
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02-28-2011, 09:41 PM | #14 |
Blowin the doors off!
Drives: A 2013 SS RS 6M SR Join Date: Apr 2010
Location: Phoenix, AZ
Posts: 2,390
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Understand this completely! I had to wait a year because i bought my house as well! Hang around and let us know when you get your next one!!
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2G1FS1EWXD9163847 |
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