The car are all fully paid for and have been for a while. Only one gets driven at a time and my commute is about 5 miles. The collective value of the cars is less than 35k. Other than my wrx, the others have 250k+ miles.
I won’t argue on the house, I will also say I don’t really care. We aren’t strapped for money, our needs are met, we contribute to savings at a good rate, and when interest rates drop we will refinance the house which will free up ~$600/month or we will reduce the loan term. Our interest rate went from 2.25 to 6.7 percent when we moved.
Its real easy to say "your house is too big’ without knowing anything about where someone lives or their circumstances.
$30k was an expensive car… 10 years ago. The average price for a new car topped $50k last month. $30k in my area would maybe get you a used car, probably two or three years old from a car rental company dumping old inventory with too many miles. The used car market still hasn’t calmed down after the component shortage that nearly halted new car production a few years ago. And since used car prices are still astronomically inflated, new cars can sell for whatever the hell they want and they’ll still have wait-lists.
Your house is too big and you own too many cars
The car are all fully paid for and have been for a while. Only one gets driven at a time and my commute is about 5 miles. The collective value of the cars is less than 35k. Other than my wrx, the others have 250k+ miles.
I won’t argue on the house, I will also say I don’t really care. We aren’t strapped for money, our needs are met, we contribute to savings at a good rate, and when interest rates drop we will refinance the house which will free up ~$600/month or we will reduce the loan term. Our interest rate went from 2.25 to 6.7 percent when we moved.
Its real easy to say "your house is too big’ without knowing anything about where someone lives or their circumstances.
Thank you for sharing. I’m curious why the water bill is so high, is it due to less water being available in Texas?
Yeah, I saw that $30k for a car and immediately dismissed everything this person said. I’ve never in my life paid more than $8k for a vehicle.
$30k was an expensive car… 10 years ago. The average price for a new car topped $50k last month. $30k in my area would maybe get you a used car, probably two or three years old from a car rental company dumping old inventory with too many miles. The used car market still hasn’t calmed down after the component shortage that nearly halted new car production a few years ago. And since used car prices are still astronomically inflated, new cars can sell for whatever the hell they want and they’ll still have wait-lists.
30k is not an expensive car. You’re doing great buying used, but that’s a low price for a decent new car.