Living in an Apt Driving a BMW?

[Honda]

Originally Posted by MightyMouseTech

I don't live in an apartment, right now it is cheaper to own.

My friend who lives in Ottawa told me it is actually cheaper to own there.

That's impressive. I wish it was like that here in Seattle

[TheNus]

Originally Posted by MightyMouseTech

Better get rid of Joe fast. Just think how this makes your family look poor! If you can't one up your neighbours, you have failed in life and might as well give up! Might as well quit the falconry country club now. Handing out your statement of net worth and assets will no longer hold up at the monthly dick wag.

There are already whispers and smug looks of superiority outside my gated estate. I fear the damage is already done at the Falconry CC and even wearing my most proper suit made of gold bars will not help me. Curses to Joe and his ways!

[MightyMouseTech]

Originally Posted by S65-M3

My friend who lives in Ottawa told me it is actually cheaper to own there.

That's impressive. I wish it was like that here in Seattle

Exactly. Thankfully I don't live in Vancouver. Real estate market there is completely fucked up due to foreign ownership.

[PoorLurker]

Originally Posted by shockin330i

I live in a condo and dive a bmw... Don't really see the need to buy a house right now. I see just how much people pay in interest. Damn near robbery...

Interest is interesting.

Think about property tax too. When one's property tax bill is an M3 payment, it calls for a bit of a cringe.

[shockin330i]

Originally Posted by PoorLurker

Interest is interesting.

Think about property tax too. When one's property tax bill is an M3 payment, it calls for a bit of a cringe.

Yeah, add maintenance for lawn care and everything else, I think I'll stay here until I get married.

[PoorLurker]

Looking at where people live is like trying to decipher a conversation by hearing two seconds of it.

Too many variables.

Some days I wish I lived in a small one bedroom apartment with a nice car.

Cars are beautiful to me. So are houses. However, if you find the right apartment, it just looks like one huge house! You just happen to live in a small fraction of it. Then, use money to get a super nice car and be living large!

[EL Jeffe 5]

Friend of mine driving M5 living in apartment but he is single

[PoorLurker]

The real question is

"Would you rather drive a crappy car living in a house or a nice car in an apartment?"

Maybe I am in a funk, but the nice car sounds so appealing right now. The 8 sq. feet of space I have occupied today in my house would be the same in an apartment haha

[TheNus]

Here is the thing, this logic is overly simplistic. I don't know if this has been mentioned but I will reiterate if it has. Some of us choose to live in an apartment; or more accurately luxury apartments, high rises or historic lofts because we like to live right in the middle of the city. It is near our office, bars and restaurants are walkable and the area is very nice. I am pretty sure the people living on my block who drive Lamborghinis, Ferraris, Rolls Royce etc would have no problem owning a home. But like many posts in this forum people are just looking for an excuse to be better than someone. My reason for living in an apartment is described above, but I also don't see myself living in my current location long enough to warrant buying a home and the trouble that goes along with that when you leave the area. I already deal with that when I moved here with my previous house.

[hau_nguyen91]

I live in an APT and I drive a M3, so what? it make 0 sense why I should buy a house right now when I have no kids and only have a girlfriend. We will buy a house when we ready. I need to enjoy the shit out of this car while I am young because who knows down the road I will never get a chance anymore.

[jmg]

Personally, if I was single and had no kids, id buy a house and rent it out while living in a nice but modestly sized apartment near work. I'd trade my M3 for a Porsche Turbo and eat like a king everyday while I contemplate creative ways to spend my money. Then I'd sleep like a baby in my giant bed in front of my giant TV with a 20 yr old scotch in one hand and a 20 yr old in the other.

Haha jk. I actually really love the family life I have today.

[Rik84]

This thread is full of so much potato I don't know what to say.

As mentioned above - this forum is constant douche off where spoiled and entitled asses constantly have to show how amazing and successful they are.

Live in an apartment, live in a fucking box for all that it matters. Who gives a flying fuck???

For the record. I own a house on one side of the country and lease a townhouse in Vancouver. I could buy, I could rent a house, I could move to the suburbs and buy a damn estate if I wanted to. But it's myself, my wife and our 2 dogs. Our lifestyle is that of city dwellers - food, booze, entertainment, all steps away.

[JoeyBananas]

Originally Posted by PoorLurker

Interest is interesting.

Think about property tax too. When one's property tax bill is an M3 payment, it calls for a bit of a cringe.

Precisely why I hate my state of NJ

[BayMoWe335]

Originally Posted by Rik84

This thread is full of so much potato I don't know what to say.

As mentioned above - this forum is constant douche off where spoiled and entitled asses constantly have to show how amazing and successful they are.

Live in an apartment, live in a fucking box for all that it matters. Who gives a flying fuck???

For the record. I own a house on one side of the country and lease a townhouse in Vancouver. I could buy, I could rent a house, I could move to the suburbs and buy a damn estate if I wanted to. But it's myself, my wife and our 2 dogs. Our lifestyle is that of city dwellers - food, booze, entertainment, all steps away.

If you own a house and rent in Vancouver, you're obviously not the moron I'm talking about.

[UPSROD]

Originally Posted by shockin330i

Yeah, add maintenance for lawn care and everything else, I think I'll stay here until I get married.

All of those things are built into your rent price...you are paying for them already!

[shockin330i]

Originally Posted by UPSROD

All of those things are built into your rent price...you are paying for them already!

Actually it's not. We don't have a lawn. And she's honestly the best landlord ever. She actually lowered my rent last year
?

[insanecoder]

Its your prerogative.. but it'd be nice to garage the bimmer to keep it lookin fab

[David70]

A lot of good reasons to live in an apartment (location, lack of maintenance, lack of repairs, relocation plans, uncertainty in what your plans are, etc.) and if you can afford both the car and where you live do whatever you want.

[someguywithanm3]

It's not always best to buy. I bought an investment property a couple of years ago for less than market value and I plan on selling it because home prices are borderline ridiculous (this area). I feel sorry for most people buying right now at advertised prices.

[BayMoWe335]

Originally Posted by David70

A lot of good reasons to live in an apartment (location, lack of maintenance, lack of repairs, relocation plans, uncertainty in what your plans are, etc.) and if you can afford both the car and where you live do whatever you want.

Do you think those are generally the reasons or it's generally someone buying a car they really can't afford? I know the answer.

[R3dliner]

I live in a apt with a indoor garage and I do love it. My rent is probably double of what some you guys are paying for mortgages. Can't touch anything house wise around here for less than 1M unless I go out to long island which I hate. Heck I can find houses for 200k upstate but at the end of day it's subjective based on where you live and your lifestyle.

[David70]

Originally Posted by BayMoWe335

Do you think those are generally the reasons or it's generally someone buying a car they really can't afford? I know the answer.

When I moved to Cincinnati 10 years ago I lived in an apartment for a year because I didn't know where I wanted to buy. When I lived in TN I lived in one of 3 apartments of a house I owned, so technically lived in an apartment also. When I lived in Hermosa Beach, CA I lived in an apartment also, mainly because I didn't know how long I would live there (turned out to be 2 years). If I moved again to a new city I would still get an apartment for a while and for all of the cases above I could afford a newer BMW.

So the answer is it is sometimes a bad idea and sometimes not. That's the problem with "generally" and limited information, you really can't determine much.

Should most people buy a newer BMW? The general answer is no but for many there is nothing wrong with it.