CAR OR HOUSE ? ?

[MAGANGAT]

PLEASE POST YOUR VIEWS ,
SHOULD A PERSON RATHER BUY A HOUSE AS IT APPRECIATES IN VALUE RATHER THAN A CAR SINCE IT DEPRECIATES IN VALUE ?

(THREAD OPENED ON BEHALF OF Rouxenator)

 

[Mephisto_Helix]

FIRST, A NEW KEYBOARD WHERE THE CAPS LOCK KEY IS NOT BUSTED .........

 

[.Froot.]

Good spotting, MH
House... definitely.

 

[Messugga]

At the moment? House, without a second thought. Mind you, this is if you already have a car and want to replace it. If you don't have a car yet, I'd pick up something cheap, and then get a house if I can afford it.

 

[Dohc-WP]

FIRST, A NEW KEYBOARD WHERE THE CAPS LOCK KEY IS NOT BUSTED .........

lol

 

[kiepie]

PLEASE POST YOUR VIEWS ,
SHOULD A PERSON RATHER BUY A HOUSE AS IT APPRECIATES IN VALUE RATHER THAN A CAR SINCE IT DEPRECIATES IN VALUE ?

(THREAD OPENED ON BEHALF OF Rouxenator)

Is this with cash on the side line?

 

[aadil-old]

FIRST, A NEW KEYBOARD WHERE THE CAPS LOCK KEY IS NOT BUSTED .........

+1

 

[sSslik]

You're basically asking how long a piece of string is to be honest!

Without additional info it's hard to give you some advice. If you are wanting to buy purely for investment, a house is always better than a car, although I've known people who made money buying cars below market value and then selling them again.

If however you have no means of transportation, you may want to buy a cheap car to solve the immediate problem and then focus on investing a little later once you have some additional funds again.

We need more info before we can comment ...

My 2c ...

 

[Rouxenator]

Hehehe, you guys are funny, but I guess if we all put something together we can get Magangat a new keyboard. He just spent all his pocket money on buying bumper wax for his Golf so he is a bit broke at the moment

 

[Hogrod]

Hehehe, you guys are funny, but I guess if we all put something together we can get Magangat a new keyboard. He just spent all his pocket money on buying bumper wax for his Golf so he is a bit broke at the moment

He actually should have spent the money on some number plates for his car based on the claim made in another thread

 

[SlyFly]

Unless you stay in the townships... A House if not you will obviously want a nice BMW or Opel, I dont know why...

 

[brixton tower]

Right now I'd say you shouldn't be buying anything...especially with interest rates being all over the place. If you've got some spare cash then you'd probably be best served buying a house and hope that the economy turns around soon. You should also factor in rising interest rates...a friend got stung when he bought his place in downtown Cape Town for R430 000 at the start of last year...He had been paying rent of around R2300 on the same place but then interest rates went nuts and he ended up paying almost R6000 on his bond.

 

[noswal]

You cant drive to work in a house unless you work from home and you cant (realistically) live in a car.

But with a house you have an asset which you can use as a means to get finance to buy a car.

btw the length of a piece of string? ...a third

 

[PPC_SouthAfrica]

Buy a house if you have a car thats paid off keep it a little longer then buy a new one

 

[remybfg10k]

Neither, kill all your debt first.

 

[Pitbull]

House,

However depends on how you buy. If you buy a house of R 1m over 30 years and plan to pay it off as agreed only you will be paying way more by the time it's paid off than it would be worth.

a Car you pay of in 52 months

It depends, but I would rather buy a house.

 

[CaTcH21]

House becomes your asset, cars not ...

 

[ColinR]

FIRST, A NEW KEYBOARD WHERE THE CAPS LOCK KEY IS NOT BUSTED .........

although it seems his caps LOCK key is working just fine, perhaps too well!

 

[Rouxenator]

Neither, kill all your debt first.

Now that is what true wisedom sounds like

 

[Rouxenator]

although it seems his caps LOCK key is working just fine, perhaps too well!

He is used to driving a GTi, does everything at full throtle or not at all. I prefer the latter.