[ORIGIN M.]

Originally Posted by darkerosxx

I find it really interesting when people call BMW parts tacky.

There are a few that are tacky, or maybe the price is the tacky part.

[savethemanuals]

Any other 16 yr olds with an M235? :-)

[jmwilson125]

Originally Posted by savethemanuals

Any other 16 yr olds with an M235? :-)

If I add one of these when I was 16 I don't think I'd still be alive.

[redontheline]

Never knew this thread was around. Turned 25 the end of March.

[sstarrx3]

Interesting...I think younger folks in this day and age have more disposable income...the ones that don't are whining about their education not being free and having to pay back those student loans...lol. When I was that young first priority was paying back student loans and then purchasing my own home. Driving a nice car was not on the radar until much later in life.

[sstarrx3]

Originally Posted by Xiaoxi

Kind of misleading to be limiting S&P to this year. Consider the growth over the equivalent of a 30 year mortgage.

I'll contend that a ROI on a house can be pretty good if you're in the right place at the right time. But then again, the markets that have people fighting over it are the ones out of reach for the newest generation.

I don't know about now, but when we lived in Portland Oregon we purchased home in 2004 and sold it in 2007 when we moved to NC. We sold it for $150,000 more than we paid for it after only three years. That was one hell of an investment! Paid off all our debt and had $100000 down payment on our new home in NC, that cost $100000 less and is much bigger, nice and 3x bigger lot!

[Xiaoxi]

Originally Posted by sstarrx3

I don't know about now, but when we lived in Portland Oregon we purchased home in 2004 and sold it in 2007 when we moved to NC. We sold it for $150,000 more than we paid for it after only three years. That was one hell of an investment! Paid off all our debt and had $100000 down payment on our new home in NC, that cost $100000 less and is much bigger, nice and 3x bigger lot!

good timing, right before the bubble burst lol

On the other hand one of my friends bought a house around 2009 and prices have stayed stagnant. He's selling it now and values rose only about 50k after 7 years. After factoring in the costs, there's barely any net profit.

It's hard to predict when and where you can turn a respectable profit on home ownership, and it will always involve putting a ton of eggs in one large basket.

[sstarrx3]

Originally Posted by Xiaoxi

good timing, right before the bubble burst lol

Yep...our home we purchased here in NC worth is just now back to what we paid for it in 2007, while the home we sold in Oregon has not regained its value yet.

[Xiaoxi]

Originally Posted by sstarrx3

Yep...our home we purchased here in NC worth is just now back to what we paid for it in 2007, while the home we sold in Oregon has not regained its value yet.

Hope you see my edit.

It's very similar to trying to time the market. Maybe luck works in your favor but also very possible that it does not. I prefer more conservative approach staying with the market indexes and dollar cost averaging. And in the meantime I can enjoy driving before the era of driving comes to an end.

[sstarrx3]

Originally Posted by Xiaoxi

good timing, right before the bubble burst lol

On the other hand one of my friends bought a house around 2009 and prices have stayed stagnant. He's selling it now and values rose only about 50k after 7 years. After factoring in the costs, there's barely any net profit.

It's hard to predict when and where you can turn a respectable profit on home ownership, and it will always involve putting a ton of eggs in one large basket.

We sold it with a discount broker too at 3.5%. Which saved a ton. It was a new home so no repairs had to be done. We came out really well. The house we sold before that one we sold ourselves and a person walking through the neighborhood bought it, but we only made $20000 on that one. Portland was good to us in those days.

[omega145]

Originally Posted by sstarrx3

Interesting...I think younger folks in this day and age have more disposable income...the ones that don't are whining about their education not being free and having to pay back those student loans...lol. When I was that young first priority was paying back student loans and then purchasing my own home. Driving a nice car was not on the radar until much later in life.

College is more expensive than ever and wages haven't risen to compensate for the higher price of education. The same younger kids of this generation are the same type of kids from older generations who were driving high price cars back then. In both cases, its usually contributed to their parents helping in supporting them some way.

[B_Rice]

Man I wish homes in my area were at a reasonable price. 500k here would get you the crappiest fixer upper.

[sstarrx3]

Originally Posted by omega145

College is more expensive than ever and wages haven't risen to compensate for the higher price of education. The same younger kids of this generation are the same type of kids from older generations who were driving high price cars back then. In both cases, its usually contributed to their parents helping in supporting them some way.

True...but I don't know if I agree with the wages in total, depends on the field. The .Com age ushered in a whole batch of career fields that really pay pretty well to start out! Hell my first job out of college was $25000 a year As for the parents helping them out...sure that happens too. Not for me! I have not taken a dime from my folks since the day I turned 18! They loaned me some money to buy furniture for my first post college apartment, which I paid back in a month. Many of thes eyoung folks come out and make a good living from the start...no mortage or spouse...get a cheapish apartment and drive a hot car!

[sstarrx3]

Originally Posted by B_Rice

Man I wish homes in my area were at a reasonable price. 500k here would get you the crappiest fixer upper.

Yes...people in your area moving to Oregon is why the housing market boomed in Portland! Californians with money that could not buy squat there...move to Portland and paid too much for homes there. Thanks to them!

[B_Rice]

Originally Posted by sstarrx3

Yes...people in your area moving to Oregon is why the housing market boomed in Portland! Californians with money that could not buy squat there...move to Portland and paid too much for homes there. Thanks to them!

https://youtu.be/sH8sSKwS_gU

It's funny because these guys caused this in my area.

[sstarrx3]

Originally Posted by B_Rice

https://youtu.be/sH8sSKwS_gU

It's funny because these guys caused this in my area.

Caused what??....Envy..LOL Those were some nice rides!" I go to school in California and the cars name is California...very romantic" LOL Well...I went to a State University in WV...and this car was cheap...so I drive a rust bucket! LOL

[B_Rice]

Originally Posted by sstarrx3

Caused what??....Envy..LOL Those were some nice rides!" I go to school in California and the cars name is California...very romantic" LOL Well...I went to a State University in WV...and this car was cheap...so I drive a rust bucket! LOL

The housing prices surging in my area.

[sstarrx3]

Originally Posted by B_Rice

The housing prices surging in my area.

Its amazing they are can get any higher! They have always been crazy high...its a shame when folks are born somewhere and are forced to move because they cannot afford to live there because folks with money move in!

[an4691]

Originally Posted by supernova72

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

I was looking for a Seattle based so I could address a bunch of people here, it's the perfect city to show this.

You own your home and you probably got in at the right time, i'm envious. Amazon is expanding like crazy(and many other tech companies are moving to WA) and soon Seattle will be SF(or close enough, at least property prices wise). I look at Seattle home prices and rents and weep sitting here in my tiny but egregiously expensive apartment in NYC(even more when i found out there's no state income tax in WA ).

To others talking about younger people being more willing to spend on a car vs loans/house, companies like Amazon hires loads of software engineers every year. Most of them will be no older than 21 and earning at least $100k before bonuses/stock options etc etc. 100k is pretty good to get a nice car for yourself, isn't it ? They'll get that house when they're in their 30s and cash in those lovely stock options.

[an4691]

Originally Posted by B_Rice

Man I wish homes in my area were at a reasonable price. 500k here would get you the crappiest fixer upper.

I feel your pain and raise that 500k in LA to a million here in NYC.

[supernova72]

Originally Posted by an4691

I was looking for a Seattle based so I could address a bunch of people here, it's the perfect city to show this.

You own your home and you probably got in at the right time, i'm envious. Amazon is expanding like crazy(and many other tech companies are moving to WA) and soon Seattle will be SF(or close enough, at least property prices wise). I look at Seattle home prices and rents and weep sitting here in my tiny but egregiously expensive apartment in NYC(even more when i found out there's no state income tax in WA ).

To others talking about younger people being more willing to spend on a car vs loans/house, companies like Amazon hires loads of software engineers every year. Most of them will be no older than 21 and earning at least $100k before bonuses/stock options etc etc. 100k is pretty good to get a nice car for yourself, isn't it ? They'll get that house when they're in their 30s and cash in those lovely stock options.

Seattle based person here and proud owner of a 6MT 2er. It's been staggering to witness the tech boom here. And you are so correct that the AMZ factor is huge (their HQ is almost city within SEA called South Lake Union).

I moved from the Burbs in 2003 and bought a 1924 entry level home in "west Seattle". 20 min bus ride to AMZ although I don't work there. My crappy $300k home is now valued at $515K so not a huge gain. Having said that, the nicer brick tudor next to me listed for $639K sold for $667k. Uh huh. 3 days on the market. Couple in their 30's. It's just crazy stuff. Expedia is also moving their HQ downtown.

Oh wait, this is a car forum right? Had my 235 for 4 months and have had ONE person ask me "is that an M235i". Then again I like the low key aspect of it actually.

[an4691]

Originally Posted by supernova72

Seattle based person here and proud owner of a 6MT 2er. It's been staggering to witness the tech boom here. And you are so correct that the AMZ factor is huge (their HQ is almost city within SEA called South Lake Union).

I moved from the Burbs in 2003 and bought a 1924 entry level home in "west Seattle". 20 min bus ride to AMZ although I don't work there. My crappy $300k home is now valued at $515K so not a huge gain. Having said that, the nicer brick tudor next to me listed for $639K sold for $667k. Uh huh. 3 days on the market. Couple in their 30's. It's just crazy stuff. Expedia is also moving their HQ downtown.

Oh wait, this is a car forum right? Had my 235 for 4 months and have had ONE person ask me "is that an M235i". Then again I like the low key aspect of it actually.

Wow! i wish i could move there, i'm planning to in a few years since it will certainly involve changing my whole career. Soon though, but I fear it'll be too late then as far as home prices go... tough luck i guess. Would love to move to Austin as well but Texas, so no.

And yeah this is a car forum! Proud owner of an MG/Coral M235i for the last 6 months. I love the fact that its low key. That may change once M2s start showing up. I have a feeling we'll be seeing a lot of those.