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Originally Posted by cosmos515
Did you just really post that response? I am saying this is because the M3 is a GUAREENTED depreciating asset. How can you compare buying a home that is also tax deductible to buying a M3 which will no doubt lose value? At least with the home it’s a home and the chances of and % of depreciation is less.  |
That's pure speculation.
Nobody knows where the housing market is going. Sure the M3 will surely depreciate, but at a predictable rate. How much money will you really lose by owning an M3 for 4 years? $30k maybe (less considering you pretty much have to own a car one way or another). How much money can you loose by buying a $750k house if the market continues to tank? In the six digits. Plus, you are completely missing the point that buying a car is not an investment. For a young person who thinks he/she can earn a solid income in a 5-7 years, saving $20-$30 by buying a cheaper car is irrelevant. If you don't think you'll be making good money in the future, then that's another story.