Car or house?


Sep 2, 2015
So I'm in this stage in my life where I'm torn between choices of where to put my money in. I live far away from the workplace, and because of that I've been thinking of buying a very nice car to drive in. However, I feel that owning a nice house is also quite advantageous. I will be sleeping and eating and doing all sorts of stuff in it that I would never be able to do in my car.

I'd like to know what you think. Is it better to invest first in a motorized vehicle and work to buy a house later? Or vice versa?
I bought 3 properties early in my working life, I already sold the one and made a tidy profit. However, I did own a car beforehand but it wasn't brand new, bought it used at a great price. Fortunately, it was fairly reliable and I used it extensively on daily basis. Buy a reliable motor vehicle but don't spend money on anything fancy. Unless you're a sales rep or are in the real estate as it helps to have a nice car to impress upon clients and secure sales. After you've paid off your car, then it's good to start looking into property as they also make for good investments.
I feel that you're doing a bit of an "apples and oranges" type comparison. I don't think most people could sustain living in a vehicle instead of a house, as you mentioned. In terms of investment, like @Damien Lee mentioned, you're better off in real estate since the value of your car goes down exponentially as soon as you drive it off the lot.

Latest posts

Latest threads