What to do ...confused
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From: usa
What to do ...confused
Well, first of all, i'll be 25 next month.I just recently got hired making somewhat descent hourly paid.I'm still living at home with my loving family.I helped out with chores and bills sometime.My question is that i cant make up my mind on what should i do.
1. Save up the rest of '07 and possibly looking at buying an affordable house and making my family proud.
2. Mod my R and make it look like the car of my dream which is spoon jdm front end with recaros, volks , etc. Then look into moving out next summer.
I know we all family here so currently i cant sleep and needs some advice on what to do.Im like 70%-30% leaning toward option 1 but then everytime i sign onto HT i feel like im having a second thought seeing all this nice R's. You can called me crazy but i just need an advice from the R's family.
Modding the R's of your DREAM since you were 16 or moving on to bigger and better things in life, but for sure, i will not SELL THE R!! I can tell you this, it will be hard to sacrifice one for another but im sure seeing my mom and dad smile and being proud of me is PRICELESS.Damn, i got to stay away from HT and the picture threads!!
1. Save up the rest of '07 and possibly looking at buying an affordable house and making my family proud.
2. Mod my R and make it look like the car of my dream which is spoon jdm front end with recaros, volks , etc. Then look into moving out next summer.
I know we all family here so currently i cant sleep and needs some advice on what to do.Im like 70%-30% leaning toward option 1 but then everytime i sign onto HT i feel like im having a second thought seeing all this nice R's. You can called me crazy but i just need an advice from the R's family.
Modding the R's of your DREAM since you were 16 or moving on to bigger and better things in life, but for sure, i will not SELL THE R!! I can tell you this, it will be hard to sacrifice one for another but im sure seeing my mom and dad smile and being proud of me is PRICELESS.Damn, i got to stay away from HT and the picture threads!!
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Joined: Jul 2003
Posts: 605
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From: South, Cali.
Re: What to do ...confused (98-965)
Dude get a house of your own. gee
you got the R already.
mod it next time when u got the extra cash
As long as you know for a fact u can keep up financially on the house.
a home is a investment u can call your own.
A car is a hobby.
This is coming from some1 whom is renting and put 2 much into a car.
And now I'm thinking about buying a home also. so i too can cut a hole in the wall to put that 60" HD LCD that i been dreaming about. (can't do that in a rent a home)
you got the R already.
mod it next time when u got the extra cash
As long as you know for a fact u can keep up financially on the house.
a home is a investment u can call your own.
A car is a hobby.
This is coming from some1 whom is renting and put 2 much into a car.
And now I'm thinking about buying a home also. so i too can cut a hole in the wall to put that 60" HD LCD that i been dreaming about. (can't do that in a rent a home)
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Joined: Aug 2003
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From: IE + LA, ca
Re: What to do ...confused (WickedKP)
do what you love. do what will make you happy.
if thats making your parents happy, do that.
if its "modding" your R, then do it.
most people will tell you to do the american "responsible" thing which is to save, work, buy house, have kids, send them to college, they can buy house, and it will be a lovely sisyphian circle.
but if thats what you want to do, do it over the R.
oh, and thats not to say that modding an R is any less absurd
if thats making your parents happy, do that.
if its "modding" your R, then do it.
most people will tell you to do the american "responsible" thing which is to save, work, buy house, have kids, send them to college, they can buy house, and it will be a lovely sisyphian circle.
but if thats what you want to do, do it over the R.
oh, and thats not to say that modding an R is any less absurd
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From: Armed and Ready
Re: What to do ...confused (WickedKP)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by WickedKP »</TD></TR><TR><TD CLASS="quote">Dude get a house of your own. gee
you got the R already.
mod it next time when u got the extra cash
As long as you know for a fact u can keep up financially on the house.
a home is a investment u can call your own.
A car is a hobby.
This is coming from some1 whom is renting and put 2 much into a car.
And now I'm thinking about buying a home also. so i too can cut a hole in the wall to put that 60" HD LCD that i been dreaming about. (can't do that in a rent a home)</TD></TR></TABLE>
you got the R already.
mod it next time when u got the extra cash
As long as you know for a fact u can keep up financially on the house.
a home is a investment u can call your own.
A car is a hobby.
This is coming from some1 whom is renting and put 2 much into a car.
And now I'm thinking about buying a home also. so i too can cut a hole in the wall to put that 60" HD LCD that i been dreaming about. (can't do that in a rent a home)</TD></TR></TABLE>
B*a*n*n*e*d
Joined: Sep 2005
Posts: 6,303
Likes: 1
From: Wilmington, NC
I'm 20, and I'm in the same situation as you my man. I'm still living at home, mostly because my father and I run a business together (Which I make a nice living off of). My parents and I have a great relationship, and I'm the last of 3 boys in the house, so they're trying to keep me around as long as possible, haha.
I scrape together what I can to save up for modifications for the two cars, but mostly, I've been saving for the past year and a half for my plot of land just outside of town (So I just have to pay state/federal taxes, Wilmington charges city taxes as well, my plot of land is JUST outside this area).
The plan's to buy the lot, pay it off in the next two years, during which time the Prelude will be paid off (Next year, this month), the land will be paid off (Banks love that), and I'll have about $10,000 to put down towards my $80-$100,000 30 year mortgage to build a one story, 3 bedroom, 2.5 bathrooms, with a detached 4 bay garage in the backyard with a lift in the back left corner. The house will be great for whatever I choose to do in life, I PLAN on having a family someday, so it will accomidate my space needs when that time comes.
My credit is perfect, and it'll only keep building over the next two years. So I'll be looking at just under $1,000 a month for my living/household expenses, and my only other payment is $272 for my Type-R. It'll be VERY affordable in the next two years with the way the business is going, I couldn't afford it COMFORTABLY right now, but I'll be able to when the time comes.
It's all about your priorities.
If you ask me, keep your Type-R as it is, and start saving for a house. Take what's left over each month from your house savings, and put it into a fund for car modifications. You'd be suprised how quickly it grows, I just dropped most of it on... Eh... Errr... Something, for the Type-R.
I scrape together what I can to save up for modifications for the two cars, but mostly, I've been saving for the past year and a half for my plot of land just outside of town (So I just have to pay state/federal taxes, Wilmington charges city taxes as well, my plot of land is JUST outside this area).
The plan's to buy the lot, pay it off in the next two years, during which time the Prelude will be paid off (Next year, this month), the land will be paid off (Banks love that), and I'll have about $10,000 to put down towards my $80-$100,000 30 year mortgage to build a one story, 3 bedroom, 2.5 bathrooms, with a detached 4 bay garage in the backyard with a lift in the back left corner.
The house will be great for whatever I choose to do in life, I PLAN on having a family someday, so it will accomidate my space needs when that time comes.My credit is perfect, and it'll only keep building over the next two years. So I'll be looking at just under $1,000 a month for my living/household expenses, and my only other payment is $272 for my Type-R. It'll be VERY affordable in the next two years with the way the business is going, I couldn't afford it COMFORTABLY right now, but I'll be able to when the time comes.
It's all about your priorities.
If you ask me, keep your Type-R as it is, and start saving for a house. Take what's left over each month from your house savings, and put it into a fund for car modifications. You'd be suprised how quickly it grows, I just dropped most of it on... Eh... Errr... Something, for the Type-R.
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From: usa
Most of us in the 20's probably been through or somewhat in the same situation.Either spend more money on car mods or look way down in the future.I thinked i will finish doing what i can to the R for the rest of this year and save up next year.I dont thinked 4-5k will be enough for anything these days....good input guys.My R will be paid off in 2.5 more years so maybe I can save enough money till then.Thanks all...
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From: Manila, Philippines
Re: What to do ...confused (98-965)
The housing market is looking bad with all the sub-prime lending concerns around. Property prices already peaked and the market feels its on the way down. So its not the right time to buy a house in my opinion. You'll get this view from financial websites(I was a former stock broker you know). So save up money for the house and buy it when the market settles. Hope this helps.
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Joined: Oct 2003
Posts: 11,340
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From: Homie dont, play that, USA
Re: What to do ...confused (camlob)
Last of 4 boys in the house.... soakin it up
Will be married within a year and a half, and moved out within 6 months though.
Just be proactive in the meantime if possible. For example, what i have done is calculated what i would spend in bills from the new area i am moving to (estimated high) and set that chunk of money aside every month.
Will be married within a year and a half, and moved out within 6 months though.
Just be proactive in the meantime if possible. For example, what i have done is calculated what i would spend in bills from the new area i am moving to (estimated high) and set that chunk of money aside every month.
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From: Jordan Michael, Minnesotian
Re: What to do ...confused (camlob)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by camlob »</TD></TR><TR><TD CLASS="quote">The housing market is looking bad with all the sub-prime lending concerns around. Property prices already peaked and the market feels its on the way down. So its not the right time to buy a house in my opinion. You'll get this view from financial websites(I was a former stock broker you know). So save up money for the house and buy it when the market settles. Hope this helps. </TD></TR></TABLE>
its actually a perfect time to buy a house since its a buyer's market out there. if you can hang in there (im sure you get a house with equity already in it for cheap due to the market) for a few more years, you'll be making some major $$ in the long run.
its actually a perfect time to buy a house since its a buyer's market out there. if you can hang in there (im sure you get a house with equity already in it for cheap due to the market) for a few more years, you'll be making some major $$ in the long run.
Honda-Tech Member
Joined: May 2002
Posts: 11,209
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From: Tampa, FL
House.. even with the plummeting market here I can't afford a house, and I make decent money. So I spent my money on a car instead, not the smartest but I was sick of looking at houses I couldn't afford.
Now, I could afford something if I move to the ghetto, but I'd rather not...
Now, I could afford something if I move to the ghetto, but I'd rather not...
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Joined: Aug 2003
Posts: 1,233
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From: IE + LA, ca
Re: What to do ...confused (pennies_hatchie)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by pennies_hatchie »</TD></TR><TR><TD CLASS="quote">
its actually a perfect time to buy a house since its a buyer's market out there. if you can hang in there (im sure you get a house with equity already in it for cheap due to the market) for a few more years, you'll be making some major $$ in the long run. </TD></TR></TABLE>
this is true! especially in southern cali. and long run = 10 to 20 years out
its actually a perfect time to buy a house since its a buyer's market out there. if you can hang in there (im sure you get a house with equity already in it for cheap due to the market) for a few more years, you'll be making some major $$ in the long run. </TD></TR></TABLE>
this is true! especially in southern cali. and long run = 10 to 20 years out
White Trash Wish Cash
Joined: Sep 2004
Posts: 2,374
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From: Indiana
Re: (GO-FIGHT-KILL)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by GO-FIGHT-KILL »</TD></TR><TR><TD CLASS="quote">I'm 20, and I'm in the same situation as you my man. I'm still living at home, mostly because my father and I run a business together (Which I make a nice living off of). My parents and I have a great relationship, and I'm the last of 3 boys in the house, so they're trying to keep me around as long as possible, haha.
I scrape together what I can to save up for modifications for the two cars, but mostly, I've been saving for the past year and a half for my plot of land just outside of town (So I just have to pay state/federal taxes, Wilmington charges city taxes as well, my plot of land is JUST outside this area).
The plan's to buy the lot, pay it off in the next two years, during which time the Prelude will be paid off (Next year, this month), the land will be paid off (Banks love that), and I'll have about $10,000 to put down towards my $80-$100,000 30 year mortgage to build a one story, 3 bedroom, 2.5 bathrooms, with a detached 4 bay garage in the backyard with a lift in the back left corner. The house will be great for whatever I choose to do in life, I PLAN on having a family someday, so it will accomidate my space needs when that time comes.
My credit is perfect, and it'll only keep building over the next two years. So I'll be looking at just under $1,000 a month for my living/household expenses, and my only other payment is $272 for my Type-R. It'll be VERY affordable in the next two years with the way the business is going, I couldn't afford it COMFORTABLY right now, but I'll be able to when the time comes.
It's all about your priorities.
If you ask me, keep your Type-R as it is, and start saving for a house. Take what's left over each month from your house savings, and put it into a fund for car modifications. You'd be suprised how quickly it grows, I just dropped most of it on... Eh... Errr... Something, for the Type-R.
</TD></TR></TABLE>
man, ill be 20 this year too and you are thinking waay ahead of me
im going to wait a couple years mainly due to my school is ~$34K a year, and hopefully get everything done to how i want it car wise by the end of next summer and then its saving time for house etc.
weird to think about that now. future FTW!!!
good think my father owns a homebuilding business. knowing subcontractors FTW
I scrape together what I can to save up for modifications for the two cars, but mostly, I've been saving for the past year and a half for my plot of land just outside of town (So I just have to pay state/federal taxes, Wilmington charges city taxes as well, my plot of land is JUST outside this area).
The plan's to buy the lot, pay it off in the next two years, during which time the Prelude will be paid off (Next year, this month), the land will be paid off (Banks love that), and I'll have about $10,000 to put down towards my $80-$100,000 30 year mortgage to build a one story, 3 bedroom, 2.5 bathrooms, with a detached 4 bay garage in the backyard with a lift in the back left corner.
The house will be great for whatever I choose to do in life, I PLAN on having a family someday, so it will accomidate my space needs when that time comes.My credit is perfect, and it'll only keep building over the next two years. So I'll be looking at just under $1,000 a month for my living/household expenses, and my only other payment is $272 for my Type-R. It'll be VERY affordable in the next two years with the way the business is going, I couldn't afford it COMFORTABLY right now, but I'll be able to when the time comes.
It's all about your priorities.
If you ask me, keep your Type-R as it is, and start saving for a house. Take what's left over each month from your house savings, and put it into a fund for car modifications. You'd be suprised how quickly it grows, I just dropped most of it on... Eh... Errr... Something, for the Type-R.
</TD></TR></TABLE>
man, ill be 20 this year too and you are thinking waay ahead of me
im going to wait a couple years mainly due to my school is ~$34K a year, and hopefully get everything done to how i want it car wise by the end of next summer and then its saving time for house etc.
weird to think about that now. future FTW!!!
good think my father owns a homebuilding business. knowing subcontractors FTW
Honda-Tech Member
Joined: May 2006
Posts: 1,714
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From: Rhode, Island, Pawtucket
Re: What to do ...confused (98-965)
Since you already have an R...just keep it the way it is
Focus on what's important...a house.
You are a quarter of a century old and need to establish your own territory.
Good Luck.
Focus on what's important...a house.
You are a quarter of a century old and need to establish your own territory.
Good Luck.
Honda-Tech Member
Joined: Nov 2004
Posts: 519
Likes: 0
From: TN, US
Re: What to do ...confused
You ARE confused.
This isn't even a question.
Investing in a house is just that, investing.
Almost always the money you put into a house, you will get back out later when/if you sell.
Money spent on car modding is just gone.....
Ask anyone whos in their 30s how they feel about the money they threw away in their 20s lol.
I would be at least $40,000 ahead if it were not for car purchases in my 20s...and I wasnt even modding. Let me tell you....I would SO much rather have the money now.
This isn't even a question.
Investing in a house is just that, investing.
Almost always the money you put into a house, you will get back out later when/if you sell.
Money spent on car modding is just gone.....
Ask anyone whos in their 30s how they feel about the money they threw away in their 20s lol.
I would be at least $40,000 ahead if it were not for car purchases in my 20s...and I wasnt even modding. Let me tell you....I would SO much rather have the money now.
Junior Member
Joined: Jun 2007
Posts: 25
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From: sweet home, CA, us
Re: What to do ...confused (WickedKP)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by WickedKP »</TD></TR><TR><TD CLASS="quote">Dude get a house of your own. gee
you got the R already.
mod it next time when u got the extra cash
As long as you know for a fact u can keep up financially on the house.
a home is a investment u can call your own.
A car is a hobby.
This is coming from some1 whom is renting and put 2 much into a car.
And now I'm thinking about buying a home also. so i too can cut a hole in the wall to put that 60" HD LCD that i been dreaming about. (can't do that in a rent a home)</TD></TR></TABLE>
x100
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by pennies_hatchie »</TD></TR><TR><TD CLASS="quote">
its actually a perfect time to buy a house since its a buyer's market out there. if you can hang in there (im sure you get a house with equity already in it for cheap due to the market) for a few more years, you'll be making some major $$ in the long run. </TD></TR></TABLE>
x1000
"think about the long run."
Family is much more important than an R!!!
you got the R already.
mod it next time when u got the extra cash
As long as you know for a fact u can keep up financially on the house.
a home is a investment u can call your own.
A car is a hobby.
This is coming from some1 whom is renting and put 2 much into a car.
And now I'm thinking about buying a home also. so i too can cut a hole in the wall to put that 60" HD LCD that i been dreaming about. (can't do that in a rent a home)</TD></TR></TABLE>
x100
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by pennies_hatchie »</TD></TR><TR><TD CLASS="quote">
its actually a perfect time to buy a house since its a buyer's market out there. if you can hang in there (im sure you get a house with equity already in it for cheap due to the market) for a few more years, you'll be making some major $$ in the long run. </TD></TR></TABLE>
x1000
"think about the long run."
Family is much more important than an R!!!
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Joined: Oct 2004
Posts: 1,506
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From: SPN FED
Re: What to do ...confused (toShorty)
I guess your parents let you keep your car in their garage, cause it makes no sense to spend money fixing it up like your dream car if it isn't keep locked up.
I hate to be the one to say it, but look at it this way, we all know how some people want our cars more than we do, they're called thieves..........so why put "down payment" money in a car that could be stolen, then you have nothing to show for it.
Save up for a house, like everyone said, it's an investment, then once you have a garage and extra cash, fix up your dream car.
Learn from my mistake, I have put lots of money into my R and lots into renting for many years......money that could've gone toward owning a house sooner.
I hate to be the one to say it, but look at it this way, we all know how some people want our cars more than we do, they're called thieves..........so why put "down payment" money in a car that could be stolen, then you have nothing to show for it.
Save up for a house, like everyone said, it's an investment, then once you have a garage and extra cash, fix up your dream car.
Learn from my mistake, I have put lots of money into my R and lots into renting for many years......money that could've gone toward owning a house sooner.
Junior Member
Joined: Jun 2002
Posts: 414
Likes: 0
From: Charlotte, NC
Re: (citrus3000psi)
Get the house! I'm sure people have already said it above but a house is an investment, and car will depreciate, and you never get the money's worth that you put into them. As a hobby it’s great if you have a few extra dollars to throw into the car. I think were all guilty of giving into our love for cars, but when it comes down to one or the other, I would definitely choose a home over modifying a vehicle. Just my .02
Buying my house when I did was the best decision I ever made.
Buying my house when I did was the best decision I ever made.
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Joined: May 2002
Posts: 7,812
Likes: 1
Re: (v00tecsi)
Hourly paid? How long have you had this exact same job? If less than 2 years, you may have a problem financing the house. Banks will see that you are on an unstable job that is hourly. Salary FTW or job consistency.
Save some money, spend moderately, live with your parents as long as you can as long as they are cool with it and doing your part.
Save some money, spend moderately, live with your parents as long as you can as long as they are cool with it and doing your part.
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Joined: Mar 2003
Posts: 11,834
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From: san diego, ca, usa
Re: What to do ...confused (Damon Reeves)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Damon Reeves »</TD></TR><TR><TD CLASS="quote">Since you already have an R...just keep it the way it is
Focus on what's important...a house.
You are a quarter of a century old and need to establish your own territory.
Good Luck.</TD></TR></TABLE>
Focus on what's important...a house.
You are a quarter of a century old and need to establish your own territory.
Good Luck.</TD></TR></TABLE>
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Joined: Apr 2000
Posts: 12,949
Likes: 8
From: Atlantis
actually, the cost of renting + investing the difference is more advantageous than just purchasing a house - mainly due to cost of upkeep on the latter.... that is, if you are disciplined enough to keep investing the difference.
i say keep saving + investing and mod the r here and there.....
i say keep saving + investing and mod the r here and there.....