Thread: House, or car?
View Single Post
  #10 (permalink)  
Old 01-23-2006, 08:31 PM
baselle baselle is offline
$ Saving HS Senior
 
Join Date: Feb 2005
Location: Seattle
Posts: 325
Points: 3566.50
Donate
Default Re: House, or car?

Tough choice. These days, depending where you live, neither is a fantastic deal.

Concentrate on buying assets - things and situations that make you money. Try not to buy things that seem like assets but are liabilities. If you are set on a car, buy a 2-3 yr old used car where the liability (the depreciation) is low. If you are set on a house, get a loan where you aren't just paying interest, and if you can get a renter, all the better.
Reply With Quote