Well I shocked myself last night. This morning I was going to travel 500 miles down south to pick up my s2000. $19,000, 9 k miles, 2001, black . But then I had an epiphany, and began to think of the long term. I then called off the purchase of the car, which i was so fixed on getting. Instead, I am going to buy a beater car and invest the money into real estate. I guess its all part of growing up...

...it sucks *** though! haha

 

you'll thank yourself later on down the road.

with the return of real estate investment you could buy yourself a new s2000 if not something much better....like the next generation NSX which I started an account for.

 

Grown ups need toys too. 19k will not go too far in real estate from a pure investment perspective, but it will get you into house of your own if you have some income.

And your only 18, maybe put the money toward some certifications of degrees? Investment in yourself will net you the biggest gains.

 

Good for you. Appreciation in CA has been going crazy. Good luck on your Real Estate ventures. I say at least get yourself a GSR or another Si to keep yourself a little happy. It's better than constantly fixing up/maintaining a crappy beater.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Speed Monkey &raquo;</TD></TR><TR><TD CLASS="quote">Grown ups need toys too. 19k will not go too far in real estate from a pure investment perspective, but it will get you into house of your own if you have some income.

And your only 18, maybe put the money toward some certifications of degrees? Investment in yourself will net you the biggest gains.</TD></TR></TABLE>

ROI on college education is plummeting....

 

Well I already go to school... majoring in Nursing... so getting a steady income will be no problem down the line..

As far as the $19,000 goes... it can go really far in real estate, if u put 5% or 0% down on a house and leverage yourself. Of course California is too crazy to invest in, but places like phoenix, houston, etc. are appreciating nicely.

The only thing that shocked me is im the kind of person that when I want something, ESPECIALLY a car, I usually go out of my way to attain it... (typical 18 year old mentality). But for once I have thought of delayed gratitude...

 

smart move...make some money, why spend it.

some day you might be able to buy 10 s2000's

 

good choice.

 

[QUOTE=eLeCtRoNSi00]Well I already go to school... majoring in Nursing... so getting a steady income will be no problem down the line..

so you're going to be a focker huh??? Just playing... Good for you man....with this mentality you'll have a nice house with an S2K, and maybe even an NSX one day..

 

Way to go. Stick it out through school and then you won't have to worry about door dings at school. Get into a house and lease rooms to some other school buddies to offset the mortgage.

I had a 93 Celica GT w/ I/H/E through college. Loved driving it and didn't mind the MI winters. Now that I am done I have money for two cars and a house and have paid off all college debt. You're only a couple years away.

 

Its a smart plan. Plus your Si looks nice

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Ed 341 &raquo;</TD></TR><TR><TD CLASS="quote">Its a smart plan. Plus your Si looks nice </TD></TR></TABLE>

R.I.P means Rest In Peace. Looks like his Si is gone.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by P Nut &raquo;</TD></TR><TR><TD CLASS="quote">

R.I.P means Rest In Peace. Looks like his Si is gone.</TD></TR></TABLE>

ROFL

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Ed 341 &raquo;</TD></TR><TR><TD CLASS="quote">Its a smart plan. Plus your Si looks nice </TD></TR></TABLE>

Haha, i appreciate the compliment, but ya, it was looking nice. I'm sure your kind words have reached the Si somewhere in JDM heaven.

Are there any other real estate investors on this board, or interested investors? Maybe we can network or swap knowledge that we have. Then we can develop a generation of money-conscientious Honda enthusiasts.

 

See I can understand wanting to save and invest, but I see way too many people going way overboard.

I'm in the military, and I've got my retirement benefits plus my 401k, so I should be pretty set when I retire. This requires a minimal investment too.

I live by the philosophy that you should enjoy your life however you want. I'm going to spend money on what I want to. I'd rather enjoy my money now and be comfortable when I retire. I see way too many people hoarding all their money into savings and investments so they can be a millionaire when they retire. So yeah, they might be millionaires when they are 50 years old, but we only live once, and life is short, I'd prefer to indulge myself in whatever hobby I want as much as my current income allows.

That's just me though.

 

Man, I thought I was alone in this decision.....LOL. I hope I dont look back in this decision and say "that was the one that got away". I doubt it though, cars are dimes a dozen. Life's situations are harder to come by.

 

to you for being able to contain yourself and not buy it. I don't have that type of self restraint.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by firefighter81 &raquo;</TD></TR><TR><TD CLASS="quote">See I can understand wanting to save and invest, but I see way too many people going way overboard.

I'm in the military, and I've got my retirement benefits plus my 401k, so I should be pretty set when I retire. This requires a minimal investment too.

I live by the philosophy that you should enjoy your life however you want. I'm going to spend money on what I want to. I'd rather enjoy my money now and be comfortable when I retire. I see way too many people hoarding all their money into savings and investments so they can be a millionaire when they retire. So yeah, they might be millionaires when they are 50 years old, but we only live once, and life is short, I'd prefer to indulge myself in whatever hobby I want as much as my current income allows.

That's just me though.</TD></TR></TABLE>

Haha yea i know what you mean. There's always the conflict of gratitude and delayed gratitude. For the majority of the time, however, delayed gratitude results in a higher benefit -- that is why it is even considered, right? Why delay happiness when you can have it right NOW? There has to be an incentive to do so.

As far as investments go, they are deemed wise only because of the outcome. Sure you only live once, but if your planning on living up to the average life expectancy rate (75 years old), and invest early in real estate, you can theoretically retire in your 30 - 40's. The rule of thumb is 10 rental properties will allow you to retire. That is actually doable in less than 10 years.

You sound like your doing pretty good with the army's retirement plan though. If you don't have to worry about making side investments, more power to you

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by eLeCtRoNSi00 &raquo;</TD></TR><TR><TD CLASS="quote">

. The rule of thumb is 10 rental properties will allow you to retire. That is actually doable in less than 10 years.

</TD></TR></TABLE>

My dad has 10 buildings and he lives VERY well. Travels all winter, has a full time maintenence guy... not rich but he has no worries.

 

The housing market isnt seeing the type of gains they did a few years ago. Its going to level out imo. I dont see how with the economy getting ever weaker and jobs paying less/housing can continue to increase. Only time will tell i guess.

 

It's definitely "slowing" down, yes. However, as proven by history, it is highly unlikely for houses to go DOWN, per se. People will continue to have sex and multiply, but land cant reproduce itself. So increased population + limited land = appreciation of real estate. This trend is inevitable, so appreciation is inevitable.

The only thing to be wary of is which locations will be more sought-after compared to others. All our economy really needs is some kind of income generating scheme. Many times that scheme has proven to be a war. And the current pre-emptive strategies were employing over seas, it seems like we'd be more than willing to engage in one.

 

**** u can die tommrow.. u shoulda bought it

 

yea i am in sac and the housing price have been stablized here alittle since last yr. i will be looking forward to purchase another home or 2 in the end of yr. winter time is usually a good time to buy a home. so good luck with u and hope u have good credit too it make loan approve alot easier

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by c17r15 &raquo;</TD></TR><TR><TD CLASS="quote">you'll thank yourself later on down the road.</TD></TR></TABLE>

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by eLeCtRoNSi00 &raquo;</TD></TR><TR><TD CLASS="quote">It's definitely "slowing" down, yes. However, as proven by history, it is highly unlikely for houses to go DOWN, per se. People will continue to have sex and multiply, but land cant reproduce itself. So increased population + limited land = appreciation of real estate. This trend is inevitable, so appreciation is inevitable.

The only thing to be wary of is which locations will be more sought-after compared to others. All our economy really needs is some kind of income generating scheme. Many times that scheme has proven to be a war. And the current pre-emptive strategies were employing over seas, it seems like we'd be more than willing to engage in one.</TD></TR></TABLE>

this guy know's his ****...the housing market isn't really a "bubble"