Who's M3 rich and house poor

davesaddiction · 08-09-2012, 02:01 PM

Just wondering what other members ratios are like.

I bought used and we have a nice, but not huge or expensive, home in Tulsa.

My car cost ~20% of what our house is worth.

Anyone working with a 1:1 ratio?

...or is everyone in here loaded?

If you'd rather not give your "number" in the reply, just answer the poll.

highyo · 08-09-2012, 02:05 PM

my reply is

GFY

M3 Esq · 08-09-2012, 02:11 PM

m3an · 08-09-2012, 02:14 PM

stupid thread; but I use to work in LA where everyone drove turbo porsche/AMG/M cars and all lived in shitty apartments in shitty neighborhoods

davesaddiction · 08-09-2012, 02:18 PM

Quote:

Originally Posted by highyo

my reply is

GFY

Should I have added that as an option on the poll?

NYCM3ryder · 08-09-2012, 02:21 PM

Quote:

Originally Posted by highyo

my reply is

GFY

lmaoooo damn tough crowd..

Talk2meg00se · 08-09-2012, 02:22 PM

Quote:

Originally Posted by talontid

stupid thread; but I use to work in LA where everyone drove turbo porsche/AMG/M cars and all lived in shitty apartments in shitty neighborhoods

yeah - I'm a renter (albeit nice neighborhood / nice apartment!)

m3an · 08-09-2012, 03:09 PM

Quote:

Originally Posted by Talk2meg00se

yeah - I'm a renter (albeit nice neighborhood / nice apartment!)

nothing wrong w/ renting; but when the lease $ per month is double your rent maybeee priorities are wrong

sello · 08-09-2012, 03:14 PM

i live in a cardboard box so im guessing my m3 is worth more

dmk08 · 08-09-2012, 03:22 PM

Do you just want my main house or the sum of them all? :P

davesaddiction · 08-09-2012, 03:22 PM

Quote:

Originally Posted by sello

i live in a cardboard box so im guessing my m3 is worth more

If that box came with this inside,

http://www.esstuning.com/products/E9...er-System.html

...I think you've made the right decision.

808@702 · 08-09-2012, 03:22 PM

Own condo in Hawaii, rent apt in Vegas.

Transfer · 08-09-2012, 03:33 PM

I don't see the "My M3 is my house" option.

Anything greater than 20% is riff raff.

Talk2meg00se · 08-09-2012, 04:21 PM

Quote:

Originally Posted by talontid

nothing wrong w/ renting; but when the lease $ per month is double your rent maybeee priorities are wrong

bought the car straight-up with cash ...

... yeah, that was supposed to be my down payment on a mortgage

paradocs98 · 08-09-2012, 04:38 PM

Our numbers are skewed here in the NYC suburbs because real estate is so ridiculously expensive--our New York house in a nice Tulsa or KC neighborhood would cost literally a quarter to a third of what we paid for it here.

That being said, different people have different priorities. We have neighbors in expensive homes who drive Hondas, VWs or Suburbans, and yet I know of someone without a huge disposable income who recently dropped $95k on a new GTR. When I was in high school in the Midwest, there were kids driving new Mustangs and Camaros (a big deal at that time and in that part of the country) who lived in the trailer park with their single parents. Also while growing up, a family across the street in our lower-middle class neighborhood unfortunately lost the father due to cancer when he was fairly young. As soon as his life insurance policy paid out, the two teenage kids immediately bought a brand-new Firebird Firehawk and Camaro.

I also get the feeling that in the image-conscious burbs of Northern Jersey, Westchester and Long Island, people are willing to shift a surprisingly large portion of their income to their cars and away from their house budgets. It's in your car that you're more often seen, after all, so that's a sure-fire way to buff your image. Probably the same in Chicago, LA, etc. Not being judgmental--it's probably just human nature to want to show off to gain acceptance.

Now that I think about it, though, there was that story in the last year or so about a guy who had lost his job and/or just went through a divorce, who then sold his house and most of his possessions in order to buy a new Lambo or Ferrari. He drove all over the country for a year, basically living out of the car. You've got to admire that kind of commitment--likely a true enthusiast.

tjsabec · 08-09-2012, 04:41 PM

If someone who lives where I live pays $75k for a new m3, and that is 20% of the cost of their house... well $375k gets you a hell of a house in Uniontown, PA... it is just me and my wife, so we wouldn't need something like that.. which is why my car is probably around 40%

LarThaL · 08-09-2012, 04:51 PM

Quote:

Originally Posted by davesaddiction

Just wondering what other members ratios are like.

I bought used and we have a nice, but not huge or expensive, home in Tulsa.

My car cost ~20% of what our house is worth.

Anyone working with a 1:1 ratio?

...or is everyone in here loaded?

If you'd rather not give your "number" in the reply, just answer the poll.

This really isn't a valid poll. The cost of the car is basically fixed across the country. The price of real estate varies hugely. A $300k property in Oklahoma will cost $8 million in Manhattan.

LarThaL · 08-09-2012, 04:54 PM

Quote:

Originally Posted by dmk08

Do you just want my main house or the sum of them all? :P

zmastaz · 08-09-2012, 04:59 PM

So if I still live in my parents house... which should I put?

Keik E92 M3 · 08-09-2012, 05:05 PM

oh boy... smh

Kwando · 08-09-2012, 05:09 PM

I'm single and asian so naturally I live at home with my parents.

PhillyNate · 08-09-2012, 05:10 PM

You really should have posed this before the bottom fell out of the housing market.

View Poll Results: Cost of car / value of home?
< 1% - I live in HK/Dubai/Lichtenstein, perhaps you've seen my collection.	12	5.13%
1% - 5%	30	12.82%
> 5%	40	17.09%
> 10%	69	29.49%
> 20%	43	18.38%
> 30%	13	5.56%
> 40%	6	2.56%
> 50%	5	2.14%
> 75%	1	0.43%
> 100% - Gotta have priorities...	15	6.41%
Voters: 234. You may not vote on this poll

08-09-2012, 02:01 PM	#1
davesaddiction is fast cars 391 Rep 2,137 Posts Drives: '08 E90 M3 6MT SSII BPM Stg II Join Date: May 2012 Location: Oklahoma iTrader: (0)	Who's M3 rich and house poor - cost of car / value of home? Just wondering what other members ratios are like. I bought used and we have a nice, but not huge or expensive, home in Tulsa. My car cost ~20% of what our house is worth. Anyone working with a 1:1 ratio? ...or is everyone in here loaded? If you'd rather not give your "number" in the reply, just answer the poll. __________________ Daddy's Rocket Sled! Clarkson: "It is... pretty much perfect... Why don't I have one of these cars?" Harris: "The saloon is definitely the M3 of choice."
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08-09-2012, 02:05 PM	#2
highyo Banned 15 Rep 408 Posts Drives: M3, X5 Join Date: Jan 2011 Location: nYc iTrader: (0)	my reply is GFY
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08-09-2012, 02:11 PM	#3
M3 Esq Automobilist 395 Rep 2,632 Posts Drives: E70 X5, 911 GT3 Join Date: Aug 2007 Location: CT iTrader: (12)
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08-09-2012, 02:14 PM	#4
m3an Banned 39 Rep 1,590 Posts Drives: M3 Join Date: Oct 2010 Location: South Florida iTrader: (2)	stupid thread; but I use to work in LA where everyone drove turbo porsche/AMG/M cars and all lived in shitty apartments in shitty neighborhoods
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08-09-2012, 03:14 PM	#9
sello Second Lieutenant 24 Rep 255 Posts Drives: 2008 BMW M3 Join Date: Mar 2012 Location: CT iTrader: (0)	i live in a cardboard box so im guessing my m3 is worth more
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08-09-2012, 03:22 PM	#10
dmk08 Gone Fishin’ 7318 Rep 12,125 Posts Drives: Walks Join Date: Jul 2012 Location: Atlanta iTrader: (19)	Do you just want my main house or the sum of them all? :P
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08-09-2012, 03:22 PM	#12
808@702 8th BMW, 520th Surfboard 494 Rep 1,215 Posts Drives: My girlfriends crazy! Join Date: Sep 2009 Location: Las Vegas, Nv. and Honolulu, Hi. and Seattle Wa. iTrader: (0)	Own condo in Hawaii, rent apt in Vegas.
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08-09-2012, 03:33 PM	#13
Transfer Major General 5254 Rep 5,874 Posts Drives: Bronco Wildtrak, Tesla MYP Join Date: Mar 2010 Location: Issaquah, WA iTrader: (1)	I don't see the "My M3 is my house" option. Anything greater than 20% is riff raff.
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08-09-2012, 04:38 PM	#15
paradocs98 Lieutenant Colonel 394 Rep 1,519 Posts Drives: M2C Join Date: May 2009 Location: NY iTrader: (0)	Our numbers are skewed here in the NYC suburbs because real estate is so ridiculously expensive--our New York house in a nice Tulsa or KC neighborhood would cost literally a quarter to a third of what we paid for it here. That being said, different people have different priorities. We have neighbors in expensive homes who drive Hondas, VWs or Suburbans, and yet I know of someone without a huge disposable income who recently dropped $95k on a new GTR. When I was in high school in the Midwest, there were kids driving new Mustangs and Camaros (a big deal at that time and in that part of the country) who lived in the trailer park with their single parents. Also while growing up, a family across the street in our lower-middle class neighborhood unfortunately lost the father due to cancer when he was fairly young. As soon as his life insurance policy paid out, the two teenage kids immediately bought a brand-new Firebird Firehawk and Camaro. I also get the feeling that in the image-conscious burbs of Northern Jersey, Westchester and Long Island, people are willing to shift a surprisingly large portion of their income to their cars and away from their house budgets. It's in your car that you're more often seen, after all, so that's a sure-fire way to buff your image. Probably the same in Chicago, LA, etc. Not being judgmental--it's probably just human nature to want to show off to gain acceptance. Now that I think about it, though, there was that story in the last year or so about a guy who had lost his job and/or just went through a divorce, who then sold his house and most of his possessions in order to buy a new Lambo or Ferrari. He drove all over the country for a year, basically living out of the car. You've got to admire that kind of commitment--likely a true enthusiast. Last edited by paradocs98; 08-09-2012 at 05:13 PM..
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08-09-2012, 04:41 PM	#16
tjsabec Captain 53 Rep 620 Posts Drives: 2008, e90, alpine white, 6mt Join Date: Aug 2011 Location: Morgantown, wv iTrader: (2)	If someone who lives where I live pays $75k for a new m3, and that is 20% of the cost of their house... well $375k gets you a hell of a house in Uniontown, PA... it is just me and my wife, so we wouldn't need something like that.. which is why my car is probably around 40%
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08-09-2012, 04:59 PM	#19
zmastaz Private 4 Rep 81 Posts Drives: 2015 YMB BMW M3 Join Date: Jul 2012 Location: Boca Raton, Florida iTrader: (1)	So if I still live in my parents house... which should I put?
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08-09-2012, 05:05 PM	#20
Keik E92 M3 Banned 173 Rep 1,343 Posts Drives: BMW M3 DCT Join Date: Jan 2010 Location: SoCal iTrader: (6) Garage List 2009 BMW [9.00] 2011 BMW 335i [6.80]	oh boy... smh
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08-09-2012, 05:09 PM	#21
Kwando Major 431 Rep 1,428 Posts Drives: 2018 340i xDrive Join Date: Jan 2011 Location: London, Ontario, Canada iTrader: (1)	I'm single and asian so naturally I live at home with my parents.
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08-09-2012, 05:10 PM	#22
PhillyNate ENTHUSIAST 135 Rep 2,097 Posts Drives: 2010 Porsche Cayman Join Date: Apr 2011 Location: Philadelphia iTrader: (0) Garage List 2010 Porsche Cayman [0.00]	You really should have posed this before the bottom fell out of the housing market. __________________ "what I'm driving here...is an ending." Jeremy Clarkson 2010 Carrara White Porsche Cayman 6mt 2014 Whiteout Toyota GT-86 6mt(Sold 05/23/15) 2011 Alpine White BMW M3 6mt ZCP Coupe(forced retirement 06/06/14) 2008 Alpine White BMW 328i 6mt Coupe(retired 06/21/11)
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