I will buy a house first , because while the former is an asset , I see car as a liability even though it does solve transport issue but at the same time I will always have to spend on buying fuel and also maintaining the car and still can't be sold for a lesser price in the future.if you are just starting out as a young person which one would you prefer to go first for. Would you buy a car or buy a house?
Yeah it is good to go for an asset that you can then use the returns to go for a liability as a reward.I will buy a house first , because while the former is an asset , I see car as a liability even though it does solve transport issue but at the same time I will always have to spend on buying fuel and also maintaining the car and still can't be sold for a lesser price in the future.
It depends in my country peoples living in big city don't own house but they have cars, and that is because it is very difficulty to go to work and do their day to day activates without a car, and the price of house in big country is very very expensive.Perhaps a young person today would prefer to have a car first, but in reality between these two choices, the priority would be to have one's own home.
Yes, I understand that houses are expensive and even rented ones, but I wonder, with a car but without a house, where can a person live?It depends in my country peoples living in big city don't own house but they have cars, and that is because it is very difficulty to go to work and do their day to day activates without a car, and the price of house in big country is very very expensive.
You are right a young person would want to pull in car and leave getting a house for later.Perhaps a young person today would prefer to have a car first, but in reality between these two choices, the priority would be to have one's own home.
Some young people actually want to have their own car, but this only happens when their parents can allow it. But this is not something for everyone.You are right a young person would want to pull in car and leave getting a house for later.
Yes you can get by with public transport with good public transportation but you need a houseBuying a car is not essential in places where the public transport is good. Having your own house, is highly recommended, since you do not have to pay rentals, and you can keep things you own.
An asset will surely give you return but most people might require to show off and go for car since they can always show it around.Yeah it is good to go for an asset that you can then use the returns to go for a liability as a reward.
Yeah and even sell the house or use it for rental when you get a better one which makes it more of an asset compare to car.It all depends on the individual's goal. Some people would rather own a car first. For my part, I'd like to have my own space initially. A condominium, to be precise. I'd like to have a space where I can do whatever I want. A single-story house is also acceptable to me because it can appreciate over time.
Yes a house is an asset so it is good to get an asset first before going for a liabilityYeah and even sell the house or use it for rental when you get a better one which makes it more of an asset compare to car.