Trading the Dream Car for the Dream House...Temporarily
09-18-2015, 04:13 PM
#61
Addict
Rennlist Member
Rennlist Member
If you need to sell your GT3 to buy a $820k house maybe its time to get a financial adviser and set your priorities to a more appropriate level, like not buying $130k cars and adding more $$ to them in mods. House APR's are so low you must be reaching to spend $820K on a house, kinda like your current car situation....just saying....
09-18-2015, 07:51 PM
#65
Three Wheelin'
If you need to sell your GT3 to buy a $820k house maybe its time to get a financial adviser and set your priorities to a more appropriate level, like not buying $130k cars and adding more $$ to them in mods. House APR's are so low you must be reaching to spend $820K on a house, kinda like your current car situation....just saying....
09-18-2015, 07:55 PM
#66
Banned
If you need to sell your GT3 to buy a $820k house maybe its time to get a financial adviser and set your priorities to a more appropriate level, like not buying $130k cars and adding more $$ to them in mods. House APR's are so low you must be reaching to spend $820K on a house, kinda like your current car situation....just saying....
BTW I am sure Matt is just fine. Maybe you ought to even think about hiring him and that is what he does for a living.
I am confident he probably won't even take a bite of your bait.
09-18-2015, 08:47 PM
#71
I have great respect for the decision (not an easy one, I'm sure) Matt made here.
Good luck Matt!! We all know it's not a matter of "if" you'll be back...
You've been one of the most productive contributors to this forum and I've always admired the hours and hours of time and dedication you put into your "How To" videos and numerous test drives you did - for all of US!!
Thank you!!
09-18-2015, 08:48 PM
#72
Rennlist Member
Thread Starter
Someone is buying the cleanest gt3 in the world, GLWS.
What I don't understand is how in today's economy houses are still going for what seems less than actual construction cost for a beauty like that, let alone the land!!!!
I can't imagine leaving NorCal, and SF in paricular, but occasionally I look at my $5k+/month rent and tax bracket, the fact that buying the house I would need for a single room for potential kids to sleep in, let alone a nice flat garage entry ;-).... Is a $4-5 mil proposition and maybe $50k/year in property taxes???
I don't know, maybe some day I'll have to leave NorCal and its mountains, nature, people and weather because living where you're living Matt, strangely is starting to make some sense to me.
Ok, back to my little lurker hole.
What I don't understand is how in today's economy houses are still going for what seems less than actual construction cost for a beauty like that, let alone the land!!!!
I can't imagine leaving NorCal, and SF in paricular, but occasionally I look at my $5k+/month rent and tax bracket, the fact that buying the house I would need for a single room for potential kids to sleep in, let alone a nice flat garage entry ;-).... Is a $4-5 mil proposition and maybe $50k/year in property taxes???
I don't know, maybe some day I'll have to leave NorCal and its mountains, nature, people and weather because living where you're living Matt, strangely is starting to make some sense to me.
Ok, back to my little lurker hole.
Good luck Matt.
House prices and interest rates are the lowest you'll see for a very long time. Better to get in and upgrade now. Cars will always be around and as we all know, not an appreciating asset.
They'll always be around, and when the sh*t hits the fan with the economy, you'll be able to pick up cars on the cheap and home interest rates will be north of 6%+. All speculation of course, but this post will be around forever and we can look back at it later
This post has also brought up an interesting conversation with living costs around the country. Not sure if you've minded it (probably a better place for it), but there's some good back/forth chat to be had about it. This is even more important for younger guys with families trying to build wealth. Also for older ones with wealth and trying to retire and live off of savings/investments.
You've said you're a financial planner, so you probably know more than I do
BTW, there are worse places to be than FL guys.
CA and the East Coast?? $$$$ pits. Regardless, be where you can make the most money at the end of the day.
Good luck!
House prices and interest rates are the lowest you'll see for a very long time. Better to get in and upgrade now. Cars will always be around and as we all know, not an appreciating asset.
They'll always be around, and when the sh*t hits the fan with the economy, you'll be able to pick up cars on the cheap and home interest rates will be north of 6%+. All speculation of course, but this post will be around forever and we can look back at it later
This post has also brought up an interesting conversation with living costs around the country. Not sure if you've minded it (probably a better place for it), but there's some good back/forth chat to be had about it. This is even more important for younger guys with families trying to build wealth. Also for older ones with wealth and trying to retire and live off of savings/investments.
You've said you're a financial planner, so you probably know more than I do
BTW, there are worse places to be than FL guys.
CA and the East Coast?? $$$$ pits. Regardless, be where you can make the most money at the end of the day.
Good luck!
Ha, ha... I have to finish the garage first.
I agree.
Thanks Matt for all of your help, information, tenacity and OCD. I have related and enjoyed all the way! Keep lurking I know you will be back. Once the Porsche "bug" is in your system your bitten for life. The house is a great move (though I suspect the projected garage size needs to be revisited-you can never have a big enough garage) -I speak from experience. I expect to see ATV and home tractor maintenance videos soon??
09-18-2015, 08:59 PM
#73
Rennlist Member
Thread Starter
If you need to sell your GT3 to buy a $820k house maybe its time to get a financial adviser and set your priorities to a more appropriate level, like not buying $130k cars and adding more $$ to them in mods. House APR's are so low you must be reaching to spend $820K on a house, kinda like your current car situation....just saying....
You should come to CA. So all the mid 20 to mid 30 guys driving $200+ Lambo's and Ferrari's to their apartment complexes is not a good thing?
BTW I am sure Matt is just fine. Maybe you ought to even think about hiring him and that is what he does for a living.
I am confident he probably won't even take a bite of your bait.
BTW I am sure Matt is just fine. Maybe you ought to even think about hiring him and that is what he does for a living.
I am confident he probably won't even take a bite of your bait.
This will be temporary, but everything about this house is going to cost double what my current one does: Mortgage, Taxes, Insurance, Electricity, Maintenance, etc. I've run the numbers 50 different ways, and it just doesn't make sense to alter my savings rate, college funding, or general lifestyle just to keep the GT3. Instead, I'm going to make the sacrifice to stay on plan.
09-18-2015, 09:12 PM
#74
Gorgeous house. Good decision. You'll be back once the dust settles.
Enjoy the house. It makes me want to move out of PA. As you know...while the prices are not San Fran or Manhattan... It sure is costly.
Best of luck Matt.
Enjoy the house. It makes me want to move out of PA. As you know...while the prices are not San Fran or Manhattan... It sure is costly.
Best of luck Matt.
