| Author | Message | ||
| Chris F. (Dallasguy)
Junior Member Username: Dallasguy Post Number: 123 Registered: 10-2002 |
There is a fellow Fchatter that lives in my building who has a 512TR and the 250GT (not to mention the Jag XJR and the Porsche). No way the value of the apartment comes close to that. | ||
| Tyler (Bahiaau)
Member Username: Bahiaau Post Number: 723 Registered: 12-2001 |
Yes, I know several people in this situation. But I don't know anybody who is in financial peril by living this way. 1st person: A person in a friends apartment complex with a 355 berlinetta. 2nd person: one of my closest friends with a $200,000 house and maybe a $250,000 car collection(no f-cars). I'm not too worried though, he has millions. 3rd person: The wealthiest man I've ever met. Lives in a million dollar house with maybe 50 million in art in it(not cars, sorry). Ironically, he has no interest in F-cars. He drives an E55 and his wife a CL55. Frank, while I wholeheartedly agree that real estate can be a wonderful investment, I don't view my personal residence as an investment. Since I don't ever plan on downsizing and I have no need or desire to sell my residence, what benefit can an increase in value mean to me? I'd rather live in a $500,000 house and keep 10 times that amount in rental or commercial real estate. | ||
| Vincent (Vincent348)
Junior Member Username: Vincent348 Post Number: 231 Registered: 4-2003 |
Mark, How did you get a house in the bay area for 25K? | ||
| DES (Sickspeed)
Advanced Member Username: Sickspeed Post Number: 3898 Registered: 8-2002 |
If i had to pick, any house i wanted with just a "moderately nice" car or any car i wanted with just a "moderately nice" house, i'd take a car in a second...! Who said you can sleep in your car, but can't drive your house...?  | ||
| Erik (Teenferrarifan)
Junior Member Username: Teenferrarifan Post Number: 73 Registered: 2-2003 |
A friend of my dad's who is single bought a 360 spider last year right off the showroom floor. He never drives it he just lets it sit in his garage, but the car I think he paid like 230,000 and his house is only worth about 250,000 so they are very close. Erik | ||
| Ron Thomas (Ronsupercar)
Member Username: Ronsupercar Post Number: 770 Registered: 5-2002 |
I knew a guy who rented an apartment in a 2 family home in NY.. He parked his 348 right up front because the home owned parked his piece of crap in the garage.. Go figure. | ||
| Hans E. Hansen (4re_gt4)
Intermediate Member Username: 4re_gt4 Post Number: 1243 Registered: 4-2002 |
Frank: No, I wasn't talking stock market. I wouldn't walk across the street for the opportunity to make 100% in 5 years. Real estate, except for certain exceptional areas, is not a great investment. Now real estate DEVELOPEMENT........ That's a different animal. | ||
| Mark (Markg)
Member Username: Markg Post Number: 473 Registered: 2-2001 |
bought my house in San Jose, Calif $25K, my 308 $27K... | ||
| Steven R. Rochlin (Enjoythemusic)
Member Username: Enjoythemusic Post Number: 405 Registered: 4-2002 |
Tillman, Nothing is "wrong" with renting (and why buy the cow if the wonderful whole milk is virtually free). Still, the question was "Does anyone own or knows someone who own a car worth more than their own home??" and since i have no home technically... Anywho, just a thought. Enjoy the Drive, Steven R. Rochlin | ||
| Tillman Strahan (Tillman)
Member Username: Tillman Post Number: 612 Registered: 11-2001 |
Yes. There's some who rent, and others who have modest homes. What's the issue with that? | ||
| Steven R. Rochlin (Enjoythemusic)
Member Username: Enjoythemusic Post Number: 403 Registered: 4-2002 |
ok, will come clean here. Do not own a home (i rent). Does that count? Ahhh the fun, carefree single life... Enjoy(ing) the Drive, Steven R. Rochlin | ||
| Frank Parker (Parkerfe)
Intermediate Member Username: Parkerfe Post Number: 2272 Registered: 9-2001 |
No. | ||
| Frank Parker (Parkerfe)
Intermediate Member Username: Parkerfe Post Number: 2271 Registered: 9-2001 |
Hans, real estate has been the best investment vehicle in the history of the world so far. While I know some stocks boasted 300% appreciation a while back, I think that mule is gone. Both my primary residence and beach house have appreciated almost 100% in the last 5 years which ain't bad. And don't worry, unless you live in a cardboard box your house will always be worth more than your Dino ! | ||
| Kevin Butler (Challenge)
Junior Member Username: Challenge Post Number: 162 Registered: 9-2002 |
I'll be the first. No. | ||
| Kenny Herman (Kennyh)
Member Username: Kennyh Post Number: 855 Registered: 8-2001 |
I know a few guys whose car collection in total costs more then their house, but not one single car. Tony Wang's GTO probably costs more then his home | ||
| Craig A (Milo)
Junior Member Username: Milo Post Number: 86 Registered: 4-2003 |
I have a nice little 1700 square footer with a theater in the basement/celler, two car garage and about .6 acres. All I need to live in. But it is still worth 2-3 times the value of my 348ts. I too have trouble paying more for a car than I would for a house. I guess it will be a while before I get into a 360. | ||
| Kuzi (Kzma)
Junior Member Username: Kzma Post Number: 120 Registered: 3-2003 |
Sorry don't know anyone who's F-car costs more than their house. | ||
| Ron Thomas (Ronsupercar)
Member Username: Ronsupercar Post Number: 768 Registered: 5-2002 |
Out of 12 replies, not one answer to the question.. Let's stay focus guys. Ferrari - House! Ferrari - House! | ||
| Hans E. Hansen (4re_gt4)
Intermediate Member Username: 4re_gt4 Post Number: 1239 Registered: 4-2002 |
PS: Brian - Bud Clark's Goose Hollow Inn has great pizza! | ||
| Hans E. Hansen (4re_gt4)
Intermediate Member Username: 4re_gt4 Post Number: 1238 Registered: 4-2002 |
RE: Franks comment. Never understood why some are hung up on big fancy houses. I'd SERIOUSLY consider a small condo, if it weren't for lack of private garage space. I'm home just enough to sleep and watch a little TiVo. Why would I want a many-bedroom maintenance headache? (And, no, don't tell me about investment value. I have much better places to put my money than in a house.) So, more power to any of you with a car worth more than your house! The car is probably less of a problem in the long run. | ||
| Tillman Strahan (Tillman)
Member Username: Tillman Post Number: 611 Registered: 11-2001 |
Just to be fair (and hopefully to keep from hijacking the thread) the poster is available at http://www.errolgraphics.com/index.html | ||
| Brian Keegan (4redude)
Junior Member Username: 4redude Post Number: 109 Registered: 7-2002 |
The picture Tillman posted was taken in Portland OR. The man in the picture was a former mayor named Bud Clark IIRC. He also used to own a bar/nightclub at one time. The house was his, but I do not know if the car was. When I worked at Ron Tonkin's, we bought and framed that poster and hung it near the service counter. :-) | ||
| Kuzi (Kzma)
Junior Member Username: Kzma Post Number: 118 Registered: 3-2003 |
Tillman, thats it! | ||
| Tillman Strahan (Tillman)
Member Username: Tillman Post Number: 610 Registered: 11-2001 |
 | ||
| Tim N (Timn88)
Advanced Member Username: Timn88 Post Number: 2952 Registered: 6-2001 |
A 250 GTO may be worth more than its owner's house. | ||
| Frank Parker (Parkerfe)
Intermediate Member Username: Parkerfe Post Number: 2268 Registered: 9-2001 |
I saw that poster and it was actually a 328. Nevertheless, I think it would be rather stupid to own a car worth more than your home unless is was just caused by great appreciation of the car over a period of time. If my car appreciated that much I would sell it and by a nicer house though. | ||
| Pat Pasqualini (Enzo)
Member Username: Enzo Post Number: 495 Registered: 2-2002 |
Not the Ferrari poster but close  | ||
| Ron Thomas (Ronsupercar)
Member Username: Ronsupercar Post Number: 766 Registered: 5-2002 |
Kuzi. I remember that poster clearly. On my way home I pass by a trailer park community and parked right outside one of the trailers is a 2002 Red Jaguar S-Type. Go figure | ||
| Ron Thomas (Ronsupercar)
Member Username: Ronsupercar Post Number: 764 Registered: 5-2002 |
Well said Mitch. | ||
| Kuzi (Kzma)
Junior Member Username: Kzma Post Number: 116 Registered: 3-2003 |
I remember a poster from the 80's which had a Ferrari parked in front of a shack and the title was "PRIORITYS"! | ||
| Mitch Alsup (Mitch_alsup)
Member Username: Mitch_alsup Post Number: 636 Registered: 4-2002 |
"why would someone buy a car worth more than some houses??" Because they made a priority based decision! Or perhaps, they value driving more than eating and sleeping! ""she would never understand".... " Its a chromozonal issue--either you understand or you can't. | ||
| "The Don" (Mlemus)
Advanced Member Username: Mlemus Post Number: 4533 Registered: 8-2002 |
Rob Lay, You going to chime in on this one? Matt | ||
| Ron Thomas (Ronsupercar)
Member Username: Ronsupercar Post Number: 763 Registered: 5-2002 |
Had a discusion with the wife the other day and she still can't come to terms with the prices of the F-cars. She asked why would someone buy a car worth more than some houses?? I advised her "she would never understand".... Which leads to my question of the day. Does anyone own or knows someone who own a car worth more than their own home?? Type of car please.. Home value is an option. |