Originally posted by "AlcohollicA"
Would you consider just putting the car in storage, or do you need to put money down on a house. Unless this is your dream car I would sell it, even though you're only gonna get half of what you put into it. This is probably the best time to buy a house, with the lowest % rates in 20 years.And real estate is constantly appreciating.
I would need to sell it to put money down on a house. I realize I would take a major loss on the car but the loss is only going to get greater with time.
The way the market is, that is a big reason why I want to get a house at this time. I know even if its a shit hole its still going to make me money. Also, with the market I would like to have some extra cash being now is the time to buy some bigger named stocks that use to be well out of my price range.