Living in an Apt Driving a BMW?

BayMoWe335 · 03-09-2010, 06:57 PM

What do we think about driving a newer BMW and living in an apartment? In general, I am talking about a person who chooses to live in an apartment because they choose to drive an expensive car. Not college students.

Should this person be saving for a house or is it perfectly acceptable to be, let's say 30 or over, living in an apartment with an expensive car?

Crimson92 · 03-09-2010, 06:58 PM

omfg

oner · 03-09-2010, 07:01 PM

I live in welfare housing projects an drive a BMW. Are my priorities mixed up or do I love cars?

335fourdoor · 03-09-2010, 07:01 PM

wgaf

jonerik26 · 03-09-2010, 07:03 PM

i wouldn't do it that way, but to each his own i guess

ellipsis212 · 03-09-2010, 07:03 PM

i live in Manhattan. should i save up for a house that doesn't exist?

Majikthese42 · 03-09-2010, 07:08 PM

The (brilliant) apartment-dweller wold have lost far less money on depreciation of a BMW than on a house over the last few years.

Syndicategt · 03-09-2010, 07:13 PM

As long as you can garage your car in the Apt! To each their own, you only live life once and if your priority is to have a nice car then go for it! Financially speaking, now is the perfect time to buy a home and start building equity, and cars are a terrible financial investment. Now if you have bought a home 4 years ago then you would be in a world of hurt, but the housing market has bottomed out (eventhough some experts predict another housing crash do to investors buying up mass reality)

Alexander · 03-09-2010, 07:13 PM

I live in a town home with a garage simply because I haven't settled down in a city yet, and my bmw is a downgrade from my previous car, but I still by far have the nicest car where I live.

I'm not buying a house until I start my career in a set city. I've been moving around about every year or so now.

Roowah · 03-09-2010, 07:30 PM

Quote:

Originally Posted by ellipsis212

i live in Manhattan. should i save up for a house that doesn't exist?

I couldn't agree with you more! It's all a matter of perspective. People need to understand that in certain cities such as NYC or in my case Boston, housing is extremely expensive. A co-op in NYC or a condo in my town, both "apartments", can easily (and most likely) cost more than a large "luxury" home in many parts of the US.

Even renting an apartment in either of these areas most likely is more than a mortgage in most areas.

I'm not sure where the OP is currently residing, but living in an apartment, either by purchasing or renting versus buying a single family house, has no relationship to a person's financial and social status. Would you look down on someone who pulled out of Trump Towers in a Bentley merely because he/she is living in an apartment?

BMXtreme · 03-09-2010, 07:40 PM

I live in a 900sqft apt w/ my wife. We just can't justify buying a home 2yrs ago, Go figure.

gun6slinger9 · 03-09-2010, 07:43 PM

http://internationalpropertyinvestme...s-in-the-world

scroll to the bottom for the $210 million dollar apartment with panic rooms and security designed by the SAS i dont think you will find a 3 series in there... 7 series for the poor bloke that cant afford the rolls royce and veyron after getting their apartment.

bsamoul · 03-09-2010, 07:45 PM

Is this thread for real

Tee212 · 03-09-2010, 07:54 PM

I dont see anything wrong with it. Do what makes you happy cause you only live once.

BrianUNC · 03-09-2010, 07:59 PM

As long as you can afford the car, who cares where you choose to live?

JayKay335i · 03-09-2010, 08:08 PM

I live in an apt. I choose to.

chromisdesigns · 03-09-2010, 08:10 PM

Do whatever floats your boat. Literally -- I drove beaters for years so I could have a sailboat. Eventually lived aboard one for 8 years. Now I don't have a boat anymore, but I have a nice car. And a nice house.

It's your life, live it the way you want. If it's a tradeoff between one thing and another, pick the one that makes you happy. If you can't afford either, find something less that will make you happy.

That's the way I see it, anyway.

caradd · 03-09-2010, 08:18 PM

LOL, I think you just offended a bunch of Apartment Dwellers.

Ender514 · 03-09-2010, 08:26 PM

i live in my car

in all seriousness, do whatever makes you happy.

Race_Doc11 · 03-09-2010, 08:37 PM

The issue is not just a house! It is where this house is? it is better to live in an apt in a better neighbourhood than having a house in a bad one...

angler · 03-09-2010, 08:39 PM

what do you think?

nukezero · 03-09-2010, 09:25 PM

Quote:

Originally Posted by racedoc11

The issue is not just a house! It is where this house is? it is better to live in an apt in a better neighbourhood than having a house in a bad one...

true!

i'll live in a 1000 sq. ft. apt on Rodeo drive in beverly hills for $1500 / mo. versus living in a 2000 sq. ft house in COMPTON or South Central LA for the same price.

Everything is relative! There is no right answer.

you also have to understand there was an article that compared buying a home vs. living in an apartment. And it went to showed that if YOU knew your finances and accounting, that assuming all equal cost, that living in an apartment and saving the difference and putting it in savings compounds faster after 30 years versus the appreciatio of a house. That is also because a savings account doesn't lose equity, only inflation. But a house can not only lose value due to inflation but also due to the volatile market.

03-09-2010, 06:57 PM	#1
BayMoWe335 Colonel 1206 Rep 2,132 Posts Drives: 2010 E92 335i 6MT Join Date: Aug 2009 Location: US iTrader: (0)	Living in an Apt Driving a BMW? What do we think about driving a newer BMW and living in an apartment? In general, I am talking about a person who chooses to live in an apartment because they choose to drive an expensive car. Not college students. Should this person be saving for a house or is it perfectly acceptable to be, let's say 30 or over, living in an apartment with an expensive car?
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03-09-2010, 07:01 PM	#3
oner Second Lieutenant 29 Rep 214 Posts Drives: BMW Join Date: Jul 2009 Location: Earth iTrader: (0)	I live in welfare housing projects an drive a BMW. Are my priorities mixed up or do I love cars?
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03-09-2010, 07:01 PM	#4
335fourdoor Captain 13 Rep 668 Posts Drives: 335 e90 Join Date: Jul 2009 Location: west iTrader: (3)	wgaf
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03-09-2010, 07:03 PM	#5
jonerik26 Lieutenant Colonel 59 Rep 1,906 Posts Drives: black 335i e90 PRE-LCI Join Date: Apr 2006 Location: somewhere iTrader: (23) Garage List 2007 335i [8.00] 1998 Acura Integra [8.50] 2006 325i [8.00]	i wouldn't do it that way, but to each his own i guess __________________
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03-09-2010, 07:03 PM	#6
ellipsis212 Colonel 1681 Rep 2,186 Posts Drives: 2017 M3 Join Date: Jun 2009 Location: RVA iTrader: (5) Garage List 2018 BMW M3 [0.00]	i live in Manhattan. should i save up for a house that doesn't exist?
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03-09-2010, 07:08 PM	#7
Majikthese42 Philosopher-king 20 Rep 1,113 Posts Drives: 2008 E91 Join Date: Apr 2005 Location: People's Republic of New Jersey iTrader: (0)	The (brilliant) apartment-dweller wold have lost far less money on depreciation of a BMW than on a house over the last few years. __________________ E91 6MT Alpine, Terra, Xenons, ZSP, ZCW, ZPP, PDC, CA, alarm, M shifter and M brake handle, Euro rear fog light switch, Euro aspheric mirrors, rear power outlets, Garmin nüvi custom cupholder mount, Lidatek, V-1 built-in remote display, tire pump, jack, floor mats.
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03-09-2010, 07:13 PM	#8
Syndicategt Brigadier General 164 Rep 3,730 Posts Drives: 335i Join Date: Sep 2009 Location: Nor Cal iTrader: (11)	As long as you can garage your car in the Apt! To each their own, you only live life once and if your priority is to have a nice car then go for it! Financially speaking, now is the perfect time to buy a home and start building equity, and cars are a terrible financial investment. Now if you have bought a home 4 years ago then you would be in a world of hurt, but the housing market has bottomed out (eventhough some experts predict another housing crash do to investors buying up mass reality) __________________ 2008 BMW 335i e90 - Sold - Rob Beck Turbos / PROcede V5 / Aquamist HFS-4 / AR Downpipes / AE Exhaust / ER Comp FMIC / ER CP / TiAL BOV / Custom Intake / RPI Scoops / Quaife LSD / Swift-Koni Coilovers / DSS HS / Morr VS8.2 Sig Black / Michelin PSS / P3 Boost Guage / M3 body / M3 steering wheel / Adam's Rotors / Hawk HPS / SS lines /
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03-09-2010, 07:13 PM	#9
Alexander Mad tyte EuR0 style boooi <--- Joke 221 Rep 2,472 Posts Drives: E30, E85, MKVI Join Date: Nov 2009 Location: Deal's Gap iTrader: (0)	I live in a town home with a garage simply because I haven't settled down in a city yet, and my bmw is a downgrade from my previous car, but I still by far have the nicest car where I live. I'm not buying a house until I start my career in a set city. I've been moving around about every year or so now.
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03-09-2010, 07:40 PM	#11
BMXtreme Lieutenant Colonel 63 Rep 1,657 Posts Drives: E60 535i Join Date: May 2007 Location: Redmond, WA iTrader: (3) Garage List 2006 330i [0.00]	I live in a 900sqft apt w/ my wife. We just can't justify buying a home 2yrs ago, Go figure.
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03-09-2010, 07:43 PM	#12
gun6slinger9 Second Lieutenant 30 Rep 268 Posts Drives: 428xi Join Date: Feb 2010 Location: Calgary Canada iTrader: (0)	http://internationalpropertyinvestme...s-in-the-world scroll to the bottom for the $210 million dollar apartment with panic rooms and security designed by the SAS i dont think you will find a 3 series in there... 7 series for the poor bloke that cant afford the rolls royce and veyron after getting their apartment.
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03-09-2010, 07:45 PM	#13
bsamoul Major General 169 Rep 7,433 Posts Drives: E90 325i Join Date: Feb 2007 Location: Walnut Creek, California iTrader: (2)	Is this thread for real __________________ -Brian 2X 2006 BMW 325i [Electric Red & Mystic Blue] \| ZPP \| V1 \| Rear Fogs \| M3 Lip Spoiler \| EAS RemoteKey \| BMS Powerbox \| Projector90 Headlights w/ LED AE \| LED plate lights \| OEM Blacklines http://www.tech-shine.com
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03-09-2010, 07:54 PM	#14
Tee212 Banned 81 Rep 4,541 Posts Drives: yes Join Date: Oct 2008 Location: Riverside iTrader: (9) Garage List 2010 335 [8.00]	I dont see anything wrong with it. Do what makes you happy cause you only live once.
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03-09-2010, 07:59 PM	#15
BrianUNC Second Lieutenant 344 Rep 261 Posts Drives: 2023 911, 2025 Z4 PB 6MT Join Date: Mar 2008 Location: NC iTrader: (0)	As long as you can afford the car, who cares where you choose to live?
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03-09-2010, 08:08 PM	#16
JayKay335i Banned 198 Rep 5,046 Posts Drives: ///M323 DCT Join Date: Apr 2009 Location: North Dakota; its best DUHHHHHH iTrader: (1)	I live in an apt. I choose to.
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03-09-2010, 08:10 PM	#17
chromisdesigns Lieutenant Colonel 45 Rep 1,753 Posts Drives: 2008 BMW 335i sedan Join Date: Jan 2010 Location: San Francisco iTrader: (0)	Do whatever floats your boat. Literally -- I drove beaters for years so I could have a sailboat. Eventually lived aboard one for 8 years. Now I don't have a boat anymore, but I have a nice car. And a nice house. It's your life, live it the way you want. If it's a tradeoff between one thing and another, pick the one that makes you happy. If you can't afford either, find something less that will make you happy. That's the way I see it, anyway.
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03-09-2010, 08:18 PM	#18
caradd () () 10 Rep 436 Posts Drives: 2007 e92 335i 6mt Join Date: Jun 2009 Location: Here iTrader: (3)	LOL, I think you just offended a bunch of Apartment Dwellers. __________________
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03-09-2010, 08:26 PM	#19
Ender514 General 228 Rep 20,998 Posts Drives: 2009 E92 335i Join Date: Feb 2008 Location: Philly iTrader: (0)	i live in my car in all seriousness, do whatever makes you happy. __________________ 09' E92 335i \| 6MT \| Montego Blue \| Black Dakota Leather \| Dark Burl Walnut \| Premium \| Sport \| Cold Weather \| Nav \| Sirius \| Comfort Access \| iPod and USB adapter
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03-09-2010, 08:37 PM	#20
Race_Doc11 Lieutenant Colonel 497 Rep 1,657 Posts Drives: 2023 G82 M4 Join Date: Jan 2008 Location: USA iTrader: (1) Garage List 2023 BMW G82 M4 [10.00] 2018 F80 M3 [10.00] 2013 Audi RS5 (Sold) [10.00] 2008 E93 M3 (Sold) [10.00]	The issue is not just a house! It is where this house is? it is better to live in an apt in a better neighbourhood than having a house in a bad one...
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03-09-2010, 08:39 PM	#21
angler love to fish! 48 Rep 649 Posts Drives: 13: SG 135i M-Sport Cabrio 6mt Join Date: Aug 2008 Location: riding in the ultimate tanning machine iTrader: (1)	what do you think? __________________ PSS\|PPK\|PE\|LUX H8 V4's\|CDV Delete\|Performance Pedals\|Motorsport Emblem\|
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