Although I own a house, house ownership is over rated IMHO. In some places like Southern California you can rent for way less than you can own. Invest the difference in the stock market and I'd wager a bet you'll be better off 10 years down the road as long as you invest wisely and continually. Good luck either way!!

 

+1

Well put. My first bike was a used Softail Springer that took constant work just to keep it running. I had owned it for abut 5 years when I decided I had to have a new bike. Instead I bought a house and a year later I refinanced, pulled out 15k and bought a shiny new ride cash. Worked out well for me. Hopefully will do the same for you. Never know for sure what's coming but I can't see the market dropping much more at all and it's about time for it to start heading back up. Even it the house drops 10k in the first year, that's probably about what you'd pay in rent and have nothing to show for it anyways. Hell I bought my current house at the absolute wrong time 2 years ago. House next store just went up for sale for about 20k more than I paid. Figure they'll have to drop some to sell and I'm guessing I'm about even. With the tax right off and figuring in the hassle of renting, I figure I'm ahead. Just my opinon.

While that may have been the case for people who have bought recently I have to disagree. The first place I bought was in San Clemente, CA (about halfway between LA and San Diego) and came within 15k of doubling my money in just under 3 years. Timing and details (location, condition, location, market, location, etc) are huge factors but if you can weather the downturns owning your own home in rarely a bad idea. They mnay drop short term but they have almost always come back higher that they were in first place.

 

get the house and make sure it has a BIG garage

 

listen to this one, grasshopper. he is most wise

 

i agree, motorcycles are great, but they're very expensive and aren't really necessary. the first things that should be taken care of is having a house, food, etc. a bike is far down the list of realistic needs. if you keep your priorities straight, life can become much easier, take care of the basics, the toys will still be available when you're ready for them. i had an old friend tell me a long time ago, "take care of the providing yourself with the things you need, and the things you want will show up when the time is right." he was a very wise man.

 

Paying rent or making a mortgage payment, either way you are buying the house. The only difference is who you are buying the house for. You pay rent you buy a house for someone else. When the house appreciates you make larger rent payments.

You make a mortgage payment you are buying the house for you. When the house appreciates, you have a more valuable house that you can borrow money on or sell. Either way you win.

When you pay rent someone else wins, which means you.......

sporty06

 

get rid of the girlie bike

 

The fact that you even asked that question shows a maturity beyond 23 you'll do good in the house then you will have a garage to put the scoot in when ready. With your understanding of prioritys you will have the house and the scoot before you know it. Good luck and enjoy that 883 ride safe

 

Unless you are in the military... I own a house... but I also have moved 14 times in the past 22 years...

And to the original poster... Buy the house... Get settled and then buy a new bike.

 

buy the house 1st!!!