Now that houses cost about the same amount as a car

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02-15-2011, 08:48 PM
alaskaguy

Now that houses cost about the same amount as a car

which is the better investment?

A link to a few homes having list prices similar to the cost of a new auto.

4 Bedrooms for the Price of 4 Wheels - Yahoo! Real Estate
02-15-2011, 09:01 PM
CtownCyclone

Re: Now that houses cost about the same amount as a car

Holy crap, I live in the town that house 3 is in. I would not pay that much for a house in that part of town.
02-15-2011, 09:05 PM
Go2Guy

Re: Now that houses cost about the same amount as a car

Holy Crap;

That one in Arizona looks awesome.

Where is Aurora Iowa? Can I drive home-and-back to ISU games on a weekday?

I got gobs of cash.
02-15-2011, 09:16 PM
SvrWxCy

Re: Now that houses cost about the same amount as a car

I would say that if you have the money and time to fix them up, at least a bit, and have years to wait for the market to truly recover than the house would be the better investment...

Surprisingly the house in Aurora doesn't appear bad at all, very good for the price, but being built in 1890 I'm going to imagine that if something is wrong or goes wrong with the house you are essentially renovating the whole thing!
02-15-2011, 09:24 PM
cloneluke80

Re: Now that houses cost about the same amount as a car

maybe cars need a price correction too?
02-15-2011, 10:04 PM
MrGreg

Re: Now that houses cost about the same amount as a car

Quote:

Originally Posted by cloneluke80

maybe cars need a price correction too?

Absolutely...and hopefully within the next month as I need to buy one soon :wideeyed:
02-15-2011, 10:09 PM
jsmith86

Re: Now that houses cost about the same amount as a car

Quote:

Originally Posted by CtownCyclone

Holy crap, I live in the town that house 3 is in. I would not pay that much for a house in that part of town.

There is a reason they are called shotgun houses.
02-16-2011, 12:18 AM
Dopey

Re: Now that houses cost about the same amount as a car

The one in Cheboygan looks very nice.

I'd rather have the Acura
02-16-2011, 08:33 AM
Bobber

Re: Now that houses cost about the same amount as a car

So wonder where the market is going? Sounds like there is still a lot of supply and not so much demand.
02-16-2011, 08:40 AM
chewbocka

Re: Now that houses cost about the same amount as a car

Quote:

Originally Posted by Go2Guy

Holy Crap;

That one in Arizona looks awesome.

Where is Aurora Iowa? Can I drive home-and-back to ISU games on a weekday?

I got gobs of cash.

Aurora, IA to Ames, IA - Google Maps

You're looking at probably 2 hours, maybe a shade more.
02-16-2011, 08:46 AM
CycoCyclone

Re: Now that houses cost about the same amount as a car

I buy the house in all cases, while it may not increase in price (or even decrease), the car definitely will lose all of it's value in 10 years.
02-16-2011, 08:53 AM
Al_4_State

Re: Now that houses cost about the same amount as a car

I think the housing market will eventually bounce back up. House all the way. A car is almost guaranteed to depreciate. A house has a much better chance to appreciate.