The difference is that most houses will be worth more at some point in the future (when is debatable). While one's brand new 09 BMW will never be worth more than what they pay at the dealership.

Of course you should pay the right price for a house and always shop around and get the best deal. And like Graplr says, even if it has gone down, the price of a house has a good chance of eventually going up again. With cars that's almost impossible.

But then i just go back to saying that i wanted my C32 right now not 1-4 years from now.

While i agree houses have a better chance of appreciating over time then a car its still a matter of how soon you may need the car.

Also Ive worked at 3 dealerships and 80% of the people buying a car financed it. Only cash buyers were Chinese and business buyers.

Yeah people with money pay cash! The Indians are pretty damn good to! They know how to work hard and save.

As my grandmother who sold a ton of property as a RE agent for 25+ years, always said if you see a young couple pull up in a new flashy car they got nothing, its all in the car. The ones with beat cars are the ones you latch onto. I have seen this more than once, and from my experiance its proving to be true.

We just sold a house that fit that description. Young couple, 3 new cars, couldn't afford jack. We had to pay closing costs, they have nothing, not a dime saved.:rolleyes: The people buying the new house next door drive a 10 yeard old Japanese car, but they are putting down six figures on the house. They also own a couple very profitable business's they built up from scratch through hard work.

Delayed gratification, its a foreign subject to many people these days.:rolleyes:

I just did a quick perusal of craigslist Philly, and found pages and pages of good used cars for under three grand. No need to take out a loan.

If you only knew.....

Indian and chinese people cheat the system and dont pay their taxes. Its one reason why they have so much cash to buy a car in full or put a fat down payment on a house. But they are smart enough to always write a check for a car over $10K so they wont have the IRS at their door to audit them.

Thats why i always laugh when people ***** about mexicans illegally coming to this country to "cheat the system". Hah! yeah right! ***** chinese people are better at cheating the system and evading taxes then we are! :P

And dont go calling me a racist. This came from my boss (who was indian) and my chinese co-workers which they have explained that they get away with alot and never get audited.