[norcalpb]

Originally Posted by Irace86.2.0

Depends. My DD is my BRZ and my weekend car, but I have buddies with weekend cars that cost less than many people's iPhoneXs. They buy lifetime warrantied brake pads and get 2nd hand tires for pennies, so they can go to an autocross day at the local parking lot because race car and because driving is a passion.

While cars are definitely not an investment, homes aren't necessarily a for sure investment. The bubble we are in might persist if development continues to fall behind demand, but most people consider the housing market to stay flat or to go down. This means anyone who buys now is likely buying at a risk. They will likely lose the ability to liquidate their asset/house or to have market mobility (sell then buy to relocate for work) for at least a decade, if not longer. Anyone who is stretching their budget to buy now, at top market, is taking a bigger risk. Most who are buying responsible at this time still have some cushion for a cheap car, if that is the type of toy they have a passion for. Some might have to give up their car budget for their other passion like their coffee budget... $5 a day or $150 per month. Luckily I don't have a coffee budget.

This is a cool video:

Give me your NMLS# or I’m reporting you to the CFPB.

Jk