Who's M3 rich and house poor - cost of car / value of home?

ridin135 · 08-27-2013, 01:29 PM

Not seeing the section 8 option

HuskerFan85 · 08-27-2013, 01:33 PM

Quote:

Originally Posted by davesaddiction

Congrats & welcome to the board (from a Mizzou fan, no less - I guess the rivalry's dead).

You're obviously using

This thread has been dormant for a year!

lol it came up on google... i saw the month and the date, not so much the year haha..

Yeah the SEC hasn't been to kind to you guys, tho I cant say we are thriving either. Oh well still hasn't tempered my excitement for this year

av2 · 08-27-2013, 01:42 PM

WOW! Stunning house for just $300K. Late 20's, single, nice house and cars. Life is good.

DopeM3 · 08-27-2013, 01:51 PM

Quote:

Originally Posted by HuskerFan85

unless you live in west michigan where 300 gets you this (nothing compared to most on here... but im in my late 20's/single... its too much house already for me)

It all depends on your cost of living

Nice crib!

gatorfast · 08-27-2013, 02:11 PM

Quote:

Originally Posted by nullrouted

Agreed, the real estate here in FL is dirt cheap -- like LarThaL said earlier, the car price is fixed, the real estate... not so much. That's a hell of a house for $300k man, very nice.

Maybe in central florida but certainly not in south florida...

davesaddiction · 08-27-2013, 02:19 PM

Quote:

Originally Posted by HuskerFan85

lol it came up on google... i saw the month and the date, not so much the year haha..

Yeah the SEC hasn't been to kind to you guys, tho I cant say we are thriving either. Oh well still hasn't tempered my excitement for this year

Yup, should be fun. There's always basketball season...

So, are you on the hunt for an M3? We need pictures of the Elise!

pkimM3r · 08-27-2013, 02:24 PM

Quote:

Originally Posted by HuskerFan85

Quote:

Originally Posted by Transfer

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

Anything greater than 20% is riff raff.

unless you live in west michigan where 300 gets you this (nothing compared to most on here... but im in my late 20's/single... its too much house already for me)

It all depends on your cost of living

Holy shit in california with $300k you get to pick your neighborhood - watts, south central, compton.

This is ridiculous. Lol.

HuskerFan85 · 08-27-2013, 02:25 PM

Quote:

Originally Posted by davesaddiction

Yup, should be fun. There's always basketball season...

So, are you on the hunt for an M3? We need pictures of the Elise!

sold :/... Prolly should update that on the side lol. I have the sickness of always needing a toy which is why I am looking at an m3

here are a couple shots from my old house. Sure was fun

Like a street legal go cart

HuskerFan85 · 08-27-2013, 02:27 PM

reposting because this picture didnt take....

Agent-GHQ · 08-27-2013, 02:28 PM

What I paid for my '13 ///M3 E92, is the price I paid for my condo that I bought back in 2008. This was when the house market took a nose dive. The previous owner paid $250K back in 2005.

As mentioned, home value differs across nation. For those non Cali residents are fortunate to buy their home at a bargain for what you're getting. What I paid for my condo, probably 3 times less in other states!

mkiv808 · 08-27-2013, 02:33 PM

$300k here gets you a 70's raised ranch with 1500 square feet.

rpl77 · 08-27-2013, 02:46 PM

Quote:

Originally Posted by pharmdphd98

The real question is how many people here would dump their M3s for the GTR if the latter is the same price or a little more, say 5K more.

No way. I don't like the gtr styling at all. It's not as aesthetically pleasing to my eye as the m3 is.

rpl77 · 08-27-2013, 02:52 PM

Quote:

Originally Posted by HuskerFan85

Quote:

Originally Posted by Transfer

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

Anything greater than 20% is riff raff.

unless you live in west michigan where 300 gets you this (nothing compared to most on here... but im in my late 20's/single... its too much house already for me)

It all depends on your cost of living

Nice house man! Hopefully you don't live anywhere near Detroit. That place is a s-hole

davesaddiction · 08-27-2013, 03:30 PM

Quote:

Originally Posted by HuskerFan85

sold :/... Prolly should update that on the side lol. I have the sickness of always needing a toy which is why I am looking at an m3

here are a couple shots from my old house. Sure was fun

Like a street legal go cart

Good luck with your search. Got to sit in an Elise at a track day a couple months ago, and I actually fit! An Elise or Exige is definitely on my list as a "fun car" one day.

some n00b advice - Your pictures are massive. Scale 'em back... I made the same mistake early on.

davesaddiction · 08-27-2013, 03:33 PM

Quote:

Originally Posted by pkim1079

Holy shit in california with $300k you get to pick your neighborhood - watts, south central, compton.

This is ridiculous. Lol.

Ha! One of the benefits of living in the Midwest.

Our house in the Tulsa 'burbs was $72 / sq ft when we bought it in 2007.

1MOREMOD · 08-27-2013, 03:37 PM

like others have said depends on the area. i had a house that i bought in 95 that was dirt cheap but still decent and 2000 sq feet. still in the house in 2008 i had an e90, x5, r1, bigdog and yz250 which totaled more than my purchase price of the house. now ive downgraded cars only having the x5 and e46 m3 and upgraded houses. got married. how do they do that!

LarThaL · 08-27-2013, 03:38 PM

Quote:

Originally Posted by HuskerFan85

unless you live in west michigan where 300 gets you this (nothing compared to most on here... but im in my late 20's/single... its too much house already for me)

It all depends on your cost of living

Just think.....in parts of Manhattan, you can buy a parking space for this much.

BMW Fanatic · 08-27-2013, 03:40 PM

100k M3, 15k X5 4.4i, 900k house.

What about those with Veyron's lol? I'd bet that 50%+ of the owners in the states have a cheaper house than the price of that thing.

Boo-E · 08-27-2013, 03:43 PM

San Francisco is crazy. $300k won't even get you into a house in the ghetto! No numbers here but I would say in my area 10% or less otherwise you're a riff raff lol.

schnell325 · 08-27-2013, 03:44 PM

$95K(Canadian) M3, (not including mods) and a $180K house......I bought the house at the perfect time. Plus I live in a city where houses are so undervalued (relative to large urban centers), as mine is a designated heritage house, 2,500 sq ft, 3 lots and a two car garage. Yeah, I stole it.

metro44m3 · 08-27-2013, 03:44 PM

Option for renters that have no home value? Lol

davesaddiction · 08-27-2013, 03:48 PM

Quote:

Originally Posted by LarThaL

Just think.....in parts of Manhattan, you can buy a parking space for this much.

"A $1 million private parking spot is expected to be put on the market in Manhattan this fall. The parking spot at 66 E. 11th St., will be 12 feet wide by 23 feet long, and is attached to a $120 million luxury condominium. The spot will have its own deed and sales contract, and will be subject to maintenance fees. It is part of an eight-story prewar loft building that was purchased by property developer Morad Farred last year."

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

08-27-2013, 01:29 PM	#67
ridin135 Colonel 131 Rep 2,408 Posts Drives: Depends on the day Join Date: Dec 2008 Location: Greenville iTrader: (7)	Not seeing the section 8 option __________________
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08-27-2013, 01:42 PM	#69
av2 Private 0 Rep 59 Posts Drives: e92 M3 DCT Join Date: Apr 2008 Location: S.CAL iTrader: (0)	WOW! Stunning house for just $300K. Late 20's, single, nice house and cars. Life is good. __________________ Current: E92 M3 DCT, Cayenne Turbo S, Ferrari F430 F1 Past:911 Turbo (996), C32 AMG, S2000, (E36) M3, Supra TT, MR2 Turbo
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08-27-2013, 02:27 PM	#75
HuskerFan85 Private 17 Rep 91 Posts Drives: 4 wheels Join Date: Jun 2013 Location: ATL iTrader: (0)	reposting because this picture didnt take....
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08-27-2013, 02:28 PM	#76
Agent-GHQ Captain 107 Rep 837 Posts Drives: '13 AW ///M3 E92 MT Comp Pkg Join Date: Jul 2009 Location: San Diego, CA iTrader: (0)	What I paid for my '13 ///M3 E92, is the price I paid for my condo that I bought back in 2008. This was when the house market took a nose dive. The previous owner paid $250K back in 2005. As mentioned, home value differs across nation. For those non Cali residents are fortunate to buy their home at a bargain for what you're getting. What I paid for my condo, probably 3 times less in other states!
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08-27-2013, 02:33 PM	#77
mkiv808 Lieutenant 42 Rep 441 Posts Drives: 06 E90/Cayman S Join Date: Sep 2007 Location: Milford, CT iTrader: (0)	$300k here gets you a 70's raised ranch with 1500 square feet. __________________ 2009 BMW M3 E92 6M AW/FR Eibach Springs + H&R Front Sway + LUX AE + LCI Taillights + BMW Performance CF Spoiler + Bastuck Clubsport Exhaust
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08-27-2013, 03:37 PM	#82
1MOREMOD - 11817 Rep 23,187 Posts Drives: Race car-> Join Date: Mar 2009 Location: check your mirrors iTrader: (5)	like others have said depends on the area. i had a house that i bought in 95 that was dirt cheap but still decent and 2000 sq feet. still in the house in 2008 i had an e90, x5, r1, bigdog and yz250 which totaled more than my purchase price of the house. now ive downgraded cars only having the x5 and e46 m3 and upgraded houses. got married. how do they do that! __________________ 02 Tiag e46 M3\|6MT\|GC plates\|MCS c.o.\|GC bars\|GC race control arms\|GC bushings\|BW eng. & tran. mounts\|subframe kit\|BW race shifter\|BW Jaffster\|Euro header\|BW exhaust\|K&N c.a.i.\|Epic race tune\|Rouge pulleys\|Seibon CF hood\|CSL bumper\|apr gt 250 & splitter\|ST-40\|XR-2\|SS lines\|half cage\|Recaro profi\|Profi 2 harness\|BMWpedals\|BW studs\|
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08-27-2013, 03:40 PM	#84
BMW Fanatic Banned 135 Rep 3,293 Posts Drives: slow Join Date: Jul 2009 Location: Calgary iTrader: (11)	100k M3, 15k X5 4.4i, 900k house. What about those with Veyron's lol? I'd bet that 50%+ of the owners in the states have a cheaper house than the price of that thing.
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08-27-2013, 03:43 PM	#85
Boo-E Lieutenant Colonel 134 Rep 1,577 Posts Drives: 2011.75 E90 M3 ZCP DCT AW Join Date: Jul 2013 Location: San Francisco iTrader: (3)	San Francisco is crazy. $300k won't even get you into a house in the ghetto! No numbers here but I would say in my area 10% or less otherwise you're a riff raff lol.
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08-27-2013, 03:44 PM	#86
schnell325 Bored at work.... 890 Rep 5,391 Posts Drives: 2016 F82 M4 GTS//2022 M235iGC Join Date: Aug 2007 Location: Comox Valley iTrader: (8)	$95K(Canadian) M3, (not including mods) and a $180K house......I bought the house at the perfect time. Plus I live in a city where houses are so undervalued (relative to large urban centers), as mine is a designated heritage house, 2,500 sq ft, 3 lots and a two car garage. Yeah, I stole it. __________________ Grey Matter:2008 E92 M3:608/425. SG/PS SOLD! Dark Matter:2015 F80 M3:495/505. SOLD! Anti Matter :2016 F82 M4 GTS What next?!? A 2022 M235i GC- I must be getting old
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08-27-2013, 03:44 PM	#87
metro44m3 Second Lieutenant 11 Rep 234 Posts Drives: E92 M3 Join Date: Jul 2012 Location: Jericho, NY iTrader: (0)	Option for renters that have no home value? Lol
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