Quote:
Originally Posted by Xiaoxi
I thought about home ownership and it just doesn't seem like it would have much economic utility compared to a BMW 
Here's a not-so-serious-but-still-kind-of-serious comparison:
F22 / F87:
- goes places
- most likely last great BMW offered in manual
- brings joy on a regular basis, many great memories involving this car
- financing while young = building credit = able to buy house later
- ownership / enthusiasm a great topic of conversation with my boss / older successful people = networking device
House:
- stationary
- requires a ton of maintenance, which is not good for my OCD
- much more expensive than a BMW. cost to utility ratio not nearly as good. Not into having many rooms, etc. I like minimalism / simple. Not planning on having kids.
- requires good credit which is not possible without establishing a perfect record of paying installments to BMW Financial Services. There is no other way. The game is rigged.
- poor return on investment after factoring in ALL irrecoverable costs (and there are many). the same money put into a well balanced ETF portfolio and retirement accounts would yield greater return. You can also build equity by saving the difference of mortgage - rent (usually hundreds lower)
So as you can see, the BMW is clearly the better use of money. |
Interesting analysis on the home being a "poor return on investment". in 2015 my home value out performed any investment I had. S&P was down 1% and my home value went up 10% (live in Seattle WA).
People are getting into fistfights making offers for homes here. Some are cash offers. Amazon.com has a big influence on it (headquarters 5 miles from my home).
But yea, I can justify the M235i solely based on the fun factor alone
