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GT Haus
View Poll Results: Cost of car / value of home?
< 1% - I live in HK/Dubai/Lichtenstein, perhaps you've seen my collection. 12 5.15%
1% - 5% 30 12.88%
> 5% 40 17.17%
> 10% 68 29.18%
> 20% 43 18.45%
> 30% 13 5.58%
> 40% 6 2.58%
> 50% 5 2.15%
> 75% 1 0.43%
> 100% - Gotta have priorities... 15 6.44%
Voters: 233. You may not vote on this poll

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      08-09-2012, 02:01 PM   #1
davesaddiction
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Question 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.
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      08-09-2012, 02:05 PM   #2
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my reply is

GFY
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      08-09-2012, 02:11 PM   #3
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      08-09-2012, 02:14 PM   #4
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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, 02:18 PM   #5
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Quote:
Originally Posted by highyo View Post
my reply is

GFY
Should I have added that as an option on the poll?
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      08-09-2012, 02:21 PM   #6
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Quote:
Originally Posted by highyo View Post
my reply is

GFY
lmaoooo damn tough crowd..
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      08-09-2012, 02:22 PM   #7
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Quote:
Originally Posted by talontid View Post
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!)
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      08-09-2012, 03:09 PM   #8
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Quote:
Originally Posted by Talk2meg00se View Post
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
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      08-09-2012, 03:14 PM   #9
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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
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Do you just want my main house or the sum of them all? :P
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      08-09-2012, 03:22 PM   #11
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Quote:
Originally Posted by sello View Post
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.
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      08-09-2012, 03:22 PM   #12
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Own condo in Hawaii, rent apt in Vegas.
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      08-09-2012, 03:33 PM   #13
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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, 04:21 PM   #14
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Quote:
Originally Posted by talontid View Post
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
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      08-09-2012, 04:38 PM   #15
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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
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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, 04:51 PM   #17
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Quote:
Originally Posted by davesaddiction View Post
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.
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Last edited by LarThaL; 08-09-2012 at 06:16 PM.
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      08-09-2012, 04:54 PM   #18
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Quote:
Originally Posted by dmk08 View Post
Do you just want my main house or the sum of them all? :P
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      08-09-2012, 04:59 PM   #19
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So if I still live in my parents house... which should I put?
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      08-09-2012, 05:05 PM   #20
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      08-09-2012, 05:09 PM   #21
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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
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You really should have posed this before the bottom fell out of the housing market.
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