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Old 10-03-2009, 07:39 PM   #76
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Quote:
Originally Posted by mrcowboy View Post
I half expect to see a "Camaro Vs. Kidney Transplant" thread coming up...
You never know! GM has really done something right with this car to put me in such a quandary.

To summarize this thread:
  • I'd be a fool not to get a house first. It's a buyers market.
  • Buying a house in Texas may not be as big of an advantage as other areas.
    (property taxes and constant growth....especially San Antonio new subdivions popping up all over keeping existing house prices down.)
  • Stay away from HOAs!
  • You pay more per sq. ft. for Condos or town-homes and they're harder to sell and lack privacy.
  • You can sleep in your car, but you can't drive your house!
Thanks again I really appreciate everyones comments.

As snizzle said, it's passion vs. investment.

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Old 10-03-2009, 07:47 PM   #77
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Originally Posted by Stewcam View Post
Please show your facts/charts of a home purchase (all-in costs) as a hedge against inflation. Typically commodities (oil, gold, etc) are hedges against inflation.
Simply put, once the economy turns around the flood of money in the marketplace will devalue the $. Interest rates will climb. Prices will rise including rents. A home purchased now will hedge against this.
Sorry no charts.
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Old 10-03-2009, 07:53 PM   #78
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Quote:
Originally Posted by P. Ham View Post
You never know! GM has really done something right with this car to put me in such a quandary.

To summarize this thread:
  • I'd be a fool not to get a house first. It's a buyers market.
  • Buying a house in Texas may not be as big of an advantage as other areas.
    (property taxes and constant growth....especially San Antonio new subdivions popping up all over keeping existing house prices down.)
  • Stay away from HOAs!
  • You pay more per sq. ft. for Condos or town-homes and they're harder to sell and lack privacy.
  • You can sleep in your car, but you can't drive your house!
Thanks again I really appreciate everyones comments.

As snizzle said, it's passion vs. investment.

OK now that you understand that buying a house first before buying a car is the smarter more responsible thing to do, most of us would understand if you go week and throw caution to the wind and buy the Camaro. It is a hard car to resist.
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Old 10-03-2009, 08:19 PM   #79
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Originally Posted by CamaroSS_LS3 View Post
...most of us would understand if you go week and throw caution to the wind and buy the Camaro. It is a hard car to resist.
THANK YOU!!! I haven't made up my mind and I don't have much time left before my order goes through. I just found out there's about two people ahead of me so I have to make a decision like soon. Pressure!
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Old 10-03-2009, 08:50 PM   #80
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Ok on last time, But I do have to respond to this. What you said is half true, BUUUUUUUUTTT Consider the alternative. If one have a (when all is said and done) $1800 month morgage payment for 30 years, roughly half of it goes to the actual principle on the home, the other half is burn away in propety taxes, intrest rates, insurance etc... (this is stilll excluding maintenance). Do the math, no matter how one spins it, The home owner looses more money over a 30 year period than one who rents. The cost of Property taxes + intrest rates + insurance... adds easily up to the cost of renting an apartment. That is money being spent out of pocket that one would not see a return on at all. The point is that renting AND investing is more efficient purley from a finacial stand point. Lets say assuming that the home owner pays $900 to the actual principle of the home and $900 goes to property taxes and Interest rates and insurances a month etc.. (this still excludes 30 years of maintenance).. IN CONTRAST to the one who rents $900 a month and invest the other $900 towards a roth IRA and 401k etc.. The point is Both the home owner and one who rents burn through roughly the same amount of money they will not see a return on (rent goes toward nothing and Property taxes, insurance, interest rates burns away aswell). The One who rents has more income free to invest than the home owner. IF one looks at a house as more that a finacial investment, i.e. as a place one raise a family then it makes sense. From a purely finacial standpoint it is a terible investment. see my point.
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Old 05-20-2011, 04:21 PM   #81
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Camaro Now!
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Old 05-20-2011, 05:27 PM   #82
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Originally Posted by TAG UR IT View Post
Ok. I read your first part.

Get ready to mow a lawn....or the HOA will be banging on your door.

LEARN how to fix a garage door. Dude...it's really simple.

The AC? Don't try it. Call someone...and get ready to pay someone to fix it. That is, unless, you buy the appliance warranty from someone and have it done for either free or next to nothing.

Maintaining a house is easy. But, even better advice?....buy NEW. That way, you don't have to buy someone else's problems. You KNOW what you are getting. Oh...and if you are a first time buyer, don't forget about your tax break. In fact, our wonderful gov't is currently thinking about raising that tax break so you can get more back right off the bat.
+1 and the raised the the tax break on that...dammit! i bought my first house a year and a half ago.
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Old 05-20-2011, 06:03 PM   #83
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