first and fore most, i am not selling my car on here but man i am so bumbed out that i do have to sell my car to buy a house. one of those life decisions that sucks now but the right financial decision in the long run, it has been awesome meeting you guys and i am sure i will eventually own my third s2k.

 

That sucks man. I haven't met you before, but I'm still sorry to hear that you have to get rid of the car. I guess that money you get from selling it would make a nice downpayment or at least closing costs on a house though, and no matter which way you slice it, having a house is better than having a cool car.

Hopefully you can have both in the near future.

 

Thats the game plan, trying to get a early start on this house stuff being 22 almost 23 its about to grow up a little bit.

 

I've contemplated doing that a couple times

I'm planning to pay off my s then get a house

Wish me luck

 

You won't regret this discission a couple of years down the road. I wish I had started earlier myself. Best of luck to you bud!!! Hopefully we will see you back soon.

 

hey im 20 trying to get approved for a house too! don't know if i should sell the S yet houses are expensive i might pay off the S then get a place. then trade in the S and get a lotus elise.

 

better to have loved and lost an s2000 than to have never loved...

bleh that was cheesy. good move on buying property at your age though!

 

oh hell, just get a slightly larger morgage and pay off your S2K... youll hardly noticed the slightly inflated monthly payments

creative fincancing

 

Very good point. I'm debating selling mine for the same reason, but I figured I'd roll my car payment into the loan. Can't decide yet.

 

It would be nice if you can find a place that appraises high enough to include a car in it - especially with some of the restrictions first time buyers have to go through with Mortgage companies.

I too wish I had bought a house earlier. It kills me to think that I was 18 nine years ago and back then $100,000 could have bought quite a bit of house at a meesly $1000 or less mortgage payment (including taxes and insurance). If I had stayed in that $100,000 house over those 9 years the house would be worth at least $300,000+ based solely on a 10% yearly equity increase (not to mention that the past 3-4 years have been around 20% in this area). Then I start thinking about how I'd probably have flipped that house after 3 years, and the next one, then be in half a million+ house right now and driving my 911 .......but hindsight is always 20/20.

I need to stop thinking about that