Getting a House or a Car
@maui_gomez_lim (1017)
Philippines
13 responses
@maui_gomez_lim (1017)
• Philippines
10 May 07
You got a point there..We started looking for a house since january, and the market price of hosue & lot here a bit pricey, really.
1 person likes this
@emarie (5442)
• United States
10 May 07
well, if you don't have any kind of a car, then i would say a car first since you're probably going to need one to move anyway. also, its easier, and cheeper to buy a car then it is to buy a house right now...well, depending where you live i guess. here in California, its hard to buy a house but other places can be a lot cheeper.
2 people like this
@maui_gomez_lim (1017)
• Philippines
10 May 07
I'm from Philippines. Just like in California, cars are way more cheaper than buying a house. =) Thanks
1 person likes this
@limcyjain (3516)
• India
11 May 07
I think house should be your preference. Your self ouwned house means atleast you know you have a proper self owned place to be at. Moreover it is an asset which would give you returns in the coming years as property prices rise. Car on the other hand would be depreciating and reducing the actual asset value with you.
1 person likes this
@tigerdragon (4297)
• Philippines
11 May 07
i would assume that you will b purchasing it in a lay away program as in payment terms .i would strongly suggest you start with the house,it feels good to have your own house and it is like renting but it will be yours.now, think as if you are renting an apartment ,then assess your finances and get a second hand car.
@vikimishra (628)
• New Zealand
11 May 07
Both are important .I f i have to make a choice i will take a car first as it is cheaper compared to house and easily avilable , You can test it , feel it before buying .Once you got car you are free to move arround and you can go out look for a house in new car withought any problem..
1 person likes this
@maui_gomez_lim (1017)
• Philippines
12 May 07
I like the idea of movign around without riding public transportation, but right now I'm not sure if we can afford both. =)
@kevsgirlalways (5883)
• Malaysia
11 May 07
i think you should buy a house. it's definitely an investment and it's good to stay in your own house rather than renting from someone. i'd buy a house if i can afford it! but at the moment i still can't T_T ...if you do buy a house, you could always take the public transport for the time being, and save up to buy a car. good luck and hope you make a wise choice ;)
1 person likes this
@ctv101103 (859)
• Philippines
10 May 07
i would say, buy a house. you can always go on public transportation. then, if the time comes when you've saved enough for a car (even for a secondhand car), then buy one.
1 person likes this
@angelco (345)
• Philippines
10 May 07
well for me its more practical if you will buy a house and lot since it is the best investment that you could have...in addition, it does not depreciate unlike cars as well as if you have your own house you can do what you want that no one dictate on what you should do :)
1 person likes this
@taurean83 (505)
• United States
10 May 07
OH Best warm wishes and Congratulations In advance for your wedding.I think buying a house is more practical and reasonable.You can buy a car anytime but house is much much more important than buying a car.If you get any good deal on house you should definitely go for it.
@markgadiano (895)
• Philippines
10 May 07
Invest your money first, house and a car will just follow.... What is important is that you have to have a little additional source of income... Not unless if its a gift then accept it but if you both will buy it... I think it is not practical. Car is a liability especially if its second hand, if its brand new and you will buy it in cash fine, but if you will loan it forget it, for its a liabilities and a monthly responsibility deducted from your income. Assumimg both of you are working remember the kids that would be coming, is an add on cost in your expenses...
@maui_gomez_lim (1017)
• Philippines
11 May 07
Yeah.. I really think getting a house should come first and anything else would follow. =)
@ucsneakerz (52)
• United States
10 May 07
I do think that the house is a better investment. Maybe find one on a public transpo line?! If you can afford a house you can probably also afford to buy/lease a cheap car on a payment plan.
1 person likes this
@maui_gomez_lim (1017)
• Philippines
11 May 07
We're planning to invest one at a time. We don't want to be left out of cash. =)