Anyones car worth more than their house?

For a few years I owned no house while I had my 360. It is no longer though....

 

Yep, 2 Fcars.....NO house......I'm a vagrant....

As the train rolled by the trash barrel fire last night I turned to my gf and said:














"Let's buy that red one!"

Now the ex wife, THAT beyotch has a nice crib.............LOL!

 

You cannot sleep very well in the 308.....it hurts your back and makes ya cranky........

 

I knew of a guy in NY that has a BRAND NEW Porsche years ago and did not have a house. He slept in the car. Do not understand it though.

I also know of quite a few people that live in apartments and have Ferrari's.

 

Big Tex,

thats hilarious!!

 

.....actually I have an apartment, cuz I have too much stuff to fit in my gfs house...they have rules for children's visitation, no dome tents allowed......

She does keep the speedboat though......

I'd marry her but why ruin a beautiful relationship?????? LOL!

 

My house's value is currently about twice that of the car...

...but I paid more for the car.

God bless rising property values (and zero-depreciation classic Ferraris...).

John

 

Good call on those investments.

 

A lot of people can use their house to buy their Ferrari, and they get to keep the house.

Now, I'll bet no one can use their Ferrari to buy their house, and still keep the F-car.

 

With all the crap that many ricers put on their Civic's, this thread may very well be the case for most

 

I paid cash for the new house and cash for all the cars. At this point the house is worth twice the value of the cars (6 of them). But when I bought my first house in this area in 1994 (which I still have) it was less than what I paid for the 360 spider in 2002.

God bless real estate markets.

 

1. Very true.
2. Unfortunately true

 

With your average 4 bedroom house in this area of Northern Calif running $900K to $1million, it's highly unlikely even for those of us with multiple cars.

With an Enzo it might be a toss up for some, though!

 

Forget houses - try school tuition. How many here have paid more in school tuition over their lives than the MSRP of an Enzo?

Private school K-12 + 4 years college @25-30K a year = more than $500,000. Per child.
Grad school? Law school is $40,000 a year. Plus food and shelter.

Ferraris are expensive, but kids are worse
And both are worth every penny

 

...after my Brembo Big Brake Kit gets installed

Cheers,
Travis

 

most of my equity is in my dog. Her name is Yukon and she is a Siberian Husky. I paid about $500 for her and 3 years later she is still worth around $350. Thats more equity then the F-car or the house (since I didnt put anything down on either). My intrest rate is lower on my F-car then my house. 6.5% on the house, 4.25% on the used F-car....gotta love the credit unions.
Still, the highest out of pocket item in my arsenal is still my gold tooth. Paid about 1,000 for it.

Sarcasm anyone?

 

I paid more for My 355 than I did for My house but the house is now worth over 5 times what I paid for it.
Dave Mc

 

Yep. My cars value more than my house.

http://members.cardomain.com/snapshot1

 

This thread reminds me of a poster from the late 1980's.

A red Ferrari 328 is parked in the driveway of a run down, shack of a house, and the owner is sitting in a chair up on the porch.

The caption read something to the effect of:

"You've got to have priorities!"

That was a classic. Anyone got a picture of it?
I looked on eBay, but no luck.

 

Personally i think that would be a very sorry situation to be in....luxury cant come before necessity!!

- Car - depreciating asset (in most cases) lose money as soo as you buy
- House - Wise Investment!!!

makes me laugh though when ppl own a ferrari/exotic - but are struggling to pay the bills.......Each to their own though i guess.

 

I think our very own Rob would have something to say on this subject.