View Single Post
  #25  
Old 03-11-2012, 08:12 PM
AGDee AGDee is offline
GreekChat Member
 
Join Date: Aug 2003
Location: Michigan
Posts: 15,848
Quote:
Originally Posted by PiKA2001 View Post
I've bought 3 in the last 5 years. One being a 2 year old Escape Limited with under 20,000 miles and all the bells and whistles for just under $18k, a brand new VW GTI for $23k, and a used Land Rover for $25k. I prefer to buy used...much better value for the money.

I really wish I was still in MI. It's frustrating to look at 1500 sq ft houses that need major updating here selling for $200k+. I'd probably own at least three houses right now if I was still living in metro Detroit.
I've had awful experiences with used cars. They end up in the shop constantly, on my dime. My used Chevy ended up needing a new engine after I'd had it for two years, at only 60,000 miles. Ugh, what a hassle. And I'm certain the used mini-van I had was once in an accident because odd things happened with it shortly after I got it and the rack of the rack & pinion steering cracked 3 times @ $950 a shot. I want to buy a car, take supreme care of it and drive it for 160,000 miles myself. Then I get 8 years out of it.

You don't know that you'd want to own that many houses here because the values are still dropping dramatically. If it ever bottoms out, then its time to buy. In the meantime, you'd probably have 3 houses that are under water. I cannot pay on my mortgage as fast as the value is dropping and it stinks big time. I am so stuck here for at least 10 or 15 more years and my original plan was to sell in 2014 and get a condo (after kids are in college). Instead, I am totally stuck with the maintenance, yard care and snow removal til I'm almost 60 and that really stinks.
Reply With Quote